CEF Advisors AICA Event NAVigator Podcast

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Bain Capital Specialty Finance (BCSF)

BDC - Debt Focused BDC

Data as of March 27, 2024
Current
Market Price $15.68 (- $0.33)
NAV (Dec. 31, 2023) $17.60 ( $0.00)
Fund Listed NYSE
Premium / Discount -10.91% (-1.88%)
Fund Info
Inception Nov. 15, 2018
Sponsor BCSF Advisors, LP
Website https://www.baincapita...
Phone
Location Massachusetts
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: Generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt
Related Indexes
Debt-Focused Business Development Company (BDC) Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Capital & Leverage
Outstanding Shares 64,562,265
Total Assets (Reported: Dec. 31, 2023) $2,472M
Estimated Total Assets $2,310M
Net Assets $1,136M
Market Cap $1,012M
Portfolio Turnover 34.58%
Debt-to-Equity 1.1051
Total Leverage 50.80%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 14.22%
Non Lev Exp Ratio 7.40%
Gross Asset Expense Ratio 6.48%
Gross Asset Non Lev Exp Ratio 3.37%
Rel Lev Cost 6.12%
Discount Data
Average Discount (3 Yr) -15.12%
Discount Low(3 Yr) -35.87%
Discount High(3 Yr) -3.36%
Discount Rel Range (3 Yr) 76.77%
Comp Discount -8.66
Discount St Dev (1Yr) 7.78
Z-Stat
Z-Stat (6mo) 1.10
Z-Stat (1Yr) 0.79
Z-Stat (3Yr) 0.54
Comp Z-Stat (6mo) 0.54
Comp Z-Stat (3Yr) 0.23
Distribution Data
Market Yield 10.71%
Income Yield 10.71%
Lev Adj NAV Yield 6.33%
Av Yield on Debt Investments 13.10
Distribution Frequency Q
Current Distribution $0.420
Current Income $0.420
Ex-Date 3/27/24
Payable Date 4/30/24
Div Growth (3yr) 23.53%
Dividend Change 10.5% on 8/8/23
Expected Div 5/7/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $4,023
Avg Volume 30 day 323,160
Avg Volume 90 day 256,571
Volume Trend 25.95%
Comp Volume Trend 18.52%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
36.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
45.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
69.0%
Most Correlated Peer (Mk Pr): PNNT 67.0%
Price St Dev (1Yr) 18.9%
NAV St Dev (1Yr) 0.9%
Earnings
Earnings / Share (12/31/23) $0.541
Adj Core NII Coverage 128.69%
1 Yr Avg NII Coverage 133.68%
1 Yr Avg Adj Core NII Coverage 133.68%
NII Trend -0.74%
Adj Core NII Trend -0.74%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.61
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.83
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.94
Portfolio Data
Avg Libor Floor % 0.80%
% Loans with Libor Floor 96%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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