CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Bain Capital Specialty Finance (BCSF)

BDC - Debt Focused BDC

Data as of Oct. 21, 2021
Market Price $15.35 (+ $0.14)
NAV (June 30, 2021) $17.01 ( $0.00)
Premium / Discount -9.76% (+0.82%)
Fund Info
Inception Nov. 15, 2018
Sponsor BCSF Advisors, LP
Website https://www.baincapita...
Location Massachusetts
Incorporated Delaware
Staggered Board Yes
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
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 64,562,265
Total Assets (Reported: June 30, 2021) $2,449M
Estimated Total Assets $2,353M
Net Assets $1,098M
Market Cap $991M
Portfolio Turnover 50.18%
Debt-to-Equity 1.1891
Total Leverage 53.32%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 9.07%
Non Lev Exp Ratio 4.26%
Gross Asset Expense Ratio 4.01%
Gross Asset Non Lev Exp Ratio 1.89%
Rel Lev Cost 3.99%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -61.00%
Discount High(3 Yr) 5.19%
Discount Rel Range 77.42%
Comp Discount -14.84
Discount St Dev (1Yr) 9.72
Z-Stat (6mo) -0.35
Z-Stat (1Yr) 0.51
Z-Stat (3Yr)
Comp Z-Stat (6mo) -1.01
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 8.86%
Income Yield 8.86%
Lev Adj NAV Yield 5.21%
Av Yield on Debt Investments 7.70
Distribution Frequency Q
Current Distribution $0.340
Current Income $0.340
Ex-Date 9/29/21
Payable Date 10/29/21
Div Growth (3yr) %
Dividend Change -17.1% on 5/4/20
Expected Div 11/4/21
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2020 2018 - 2020
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $2,428
Avg Volume 30 day 145,734
Avg Volume 90 day 158,182
Volume Trend -7.87%
Comp Volume Trend -5.97%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): CGBD 80.0%
Price St Dev (1Yr) 19.7%
NAV St Dev (1Yr) 2.7%
Earnings / Share (6/30/21) $0.340
Adj Core NII Coverage 99.88%
1 Yr Avg NII Coverage 99.54%
1 Yr Avg Adj Core NII Coverage 99.54%
NII Trend 1.80%
Adj Core NII Trend 1.80%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 0.96%
% Loans with Libor Floor 63%


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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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