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Bain Capital Specialty Finance (BCSF)

BDC - Debt Focused BDC

Data as of Dec. 6, 2024
Current
Market Price $16.92 (+ $0.01)
NAV (Sept. 30, 2024) $17.76 ( $0.00)
Fund Listed NYSE
Premium / Discount -4.73% (+0.06%)
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: Sept. 30, 2024) $2,543M
Estimated Total Assets $2,346M
Net Assets $1,147M
Market Cap $1,092M
Portfolio Turnover 56.56%
Debt-to-Equity 1.1343
Total Leverage 51.13%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 13.50%
Non Lev Exp Ratio 7.16%
Gross Asset Expense Ratio 6.06%
Gross Asset Non Lev Exp Ratio 3.21%
Rel Lev Cost 5.57%
Discount Data
Average Discount (3 Yr) -14.68%
Discount Low(3 Yr) -35.87%
Discount High(3 Yr) -2.71%
Discount Rel Range (3 Yr) 93.91%
Comp Discount -2.00
Discount St Dev (1Yr) 3.31
Z-Stat
Z-Stat (6mo) 0.69
Z-Stat (1Yr) 1.10
Z-Stat (3Yr) 1.21
Comp Z-Stat (6mo) 0.47
Comp Z-Stat (3Yr) 0.80
Distribution Data
Market Yield 9.93%
Income Yield 9.93%
Lev Adj NAV Yield 6.26%
Av Yield on Debt Investments 12.10
Distribution Frequency Q
Current Distribution $0.420
Current Income $0.420
Ex-Date 12/31/24
Payable Date 1/31/25
Div Growth (3yr) 23.53%
Dividend Change 10.5% on 8/8/23
Expected Div 2/25/25
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) $2,862
Avg Volume 30 day 199,961
Avg Volume 90 day 169,130
Volume Trend 18.23%
Comp Volume Trend 1.63%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
29.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
38.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
70.0%
Most Correlated Peer (Mk Pr): GBDC 71.0%
Price St Dev (1Yr) 15.3%
NAV St Dev (1Yr) 0.7%
Earnings
Earnings / Share (9/30/24) $0.526
Adj Core NII Coverage 125.33%
1 Yr Avg NII Coverage 125.34%
1 Yr Avg Adj Core NII Coverage 125.34%
NII Trend -2.54%
Adj Core NII Trend -2.54%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.69
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.88
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
1.01
Portfolio Data
Avg Libor Floor % 1.05%
% Loans with Libor Floor 73%

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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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