CEF Advisors AICA Event NAVigator Podcast

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Bain Capital Specialty Finance (BCSF)

BDC - Debt Focused BDC

Data as of May 17, 2024
Current
Market Price $16.43 (+ $0.12)
NAV (March 31, 2024) $17.70 ( $0.00)
Fund Listed NYSE
Premium / Discount -7.18% (+0.68%)
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
Capital & Leverage
Outstanding Shares 64,562,265
Total Assets (Reported: March 31, 2024) $2,580M
Estimated Total Assets $2,412M
Net Assets $1,143M
Market Cap $1,061M
Portfolio Turnover 50.24%
Debt-to-Equity 1.1883
Total Leverage 52.62%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 14.23%
Non Lev Exp Ratio 7.90%
Gross Asset Expense Ratio 6.29%
Gross Asset Non Lev Exp Ratio 3.49%
Rel Lev Cost 5.32%
Discount Data
Average Discount (3 Yr) -15.24%
Discount Low(3 Yr) -35.87%
Discount High(3 Yr) -3.36%
Discount Rel Range (3 Yr) 88.25%
Comp Discount -7.46
Discount St Dev (1Yr) 5.22
Z-Stat
Z-Stat (6mo) 1.70
Z-Stat (1Yr) 1.26
Z-Stat (3Yr) 1.04
Comp Z-Stat (6mo) 0.77
Comp Z-Stat (3Yr) 0.35
Distribution Data
Market Yield 10.23%
Income Yield 10.23%
Lev Adj NAV Yield 6.22%
Av Yield on Debt Investments 12.90
Distribution Frequency Q
Current Distribution $0.420
Current Income $0.420
Ex-Date 6/28/24
Payable Date 7/29/24
Div Growth (3yr) 23.53%
Dividend Change 10.5% on 8/8/23
Expected Div 8/7/24
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) $5,145
Avg Volume 30 day 337,795
Avg Volume 90 day 313,166
Volume Trend 7.86%
Comp Volume Trend 13.04%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
42.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
59.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
74.0%
Most Correlated Peer (Mk Pr): MFIC 68.0%
Price St Dev (1Yr) 16.7%
NAV St Dev (1Yr) 1.0%
Earnings
Earnings / Share (3/31/24) $0.526
Adj Core NII Coverage 125.20%
1 Yr Avg NII Coverage 132.22%
1 Yr Avg Adj Core NII Coverage 132.22%
NII Trend -7.66%
Adj Core NII Trend -7.66%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.68
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.84
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.92
Portfolio Data
Avg Libor Floor % 1.05%
% Loans with Libor Floor 86%

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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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