Business
Bain Capital Specialty Finance, Inc. Announces March 31, 2026 Financial Results and Declares Second Quarter 2026 Dividend of $0.42 per Share
BOSTON, May 11, 2026--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the "Company", "our" or "we") today announced financial results for the first quarter ended March 31, 2026, and that its Board of Directors (the "Board") has declared a dividend of $0.42 per share for the second quarter of 2026.
About this update from Bain Capital Specialty Finance, Inc.
[{"type":"text","content":"BOSTON, May 11, 2026--(BUSINESS WIRE)--Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the "Company", "our" or "we") today announced financial results for the first quarter ended March 31, 2026, and that its Board of Directors (the "Board") has declared a dividend of $0.42 per share for the second quarter of 2026.","length":357,"tagName":"p"},{"type":"text","content":""BCSF’s credit fundamentals remained sound across our portfolio with stable, low non-accruals and attractive net investment income that continued to cover our dividend," said Michael Ewald, Chief Executive Officer of BCSF. "Despite market volatility and a challenging macroeconomic backdrop, we maintained a disciplined and selective approach to new investment activity, continuing to focus on structures that provide strong lender controls. Given Bain Capital’s longstanding presence and expertise in the core middle market, we believe BCSF remains well-positioned to navigate the current market environment through its predominantly first lien portfolio, broad diversification across industries, and durable balance sheet."","length":745,"tagName":"p"},{"type":"text","content":"Quarterly Highlights","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net investment income (NII) per share was $0.42, equating to an annualized NII yield on book value of 10.0%(1);","length":111,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income per share was $0.05, equating to an annualized return on book value of 1.2%(1);","length":90,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net asset value per share as of March 31, 2026 was $16.86, as compared to $17.23 as of December 31, 2025;","length":105,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross and net investment fundings were $243.2 million and $(12.2) million, respectively; ending net debt-to-equity was 1.28x, as compared to 1.24x as of December 31, 2025(2);","length":174,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Investments on non-accrual represented 1.4% and 0.6% of the total investment portfolio at amortized cost and fair value, respectively, as of March 31, 2026, down from 1.5% and 0.8% of the total investment portfolio at amortized cost and fair value, respe...