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Bain Capital Specialty Finance (BCSF)

BDC - Debt Focused BDC

Data as of June 2, 2023
Market Price $12.60 (+ $0.07)
NAV (March 31, 2023) $17.37 ( $0.00)
Fund Listed NYSE
Premium / Discount -27.46% (+0.40%)
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
High Income Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 64,562,265
Total Assets (Reported: March 31, 2023) $2,606M
Estimated Total Assets $2,439M
Net Assets $1,121M
Market Cap $813M
Portfolio Turnover 47.56%
Debt-to-Equity 1.2558
Total Leverage 54.02%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 15.22%
Non Lev Exp Ratio 8.23%
Gross Asset Expense Ratio 6.53%
Gross Asset Non Lev Exp Ratio 3.53%
Rel Lev Cost 5.55%
Discount Data
Average Discount (3 Yr) -19.08%
Discount Low(3 Yr) -44.87%
Discount High(3 Yr) -3.36%
Discount Rel Range (3 Yr) 41.93%
Comp Discount -15.55
Discount St Dev (1Yr) 5.96
Z-Stat (6mo) 0.08
Z-Stat (1Yr) -0.61
Z-Stat (3Yr) -0.80
Comp Z-Stat (6mo) 0.30
Comp Z-Stat (3Yr) -0.50
Distribution Data
Market Yield 12.06%
Income Yield 12.06%
Lev Adj NAV Yield 5.68%
Av Yield on Debt Investments 12.50
Distribution Frequency Q
Current Distribution $0.380
Current Income $0.380
Ex-Date 6/29/23
Payable Date 7/31/23
Div Growth (3yr) 11.76%
Dividend Change 5.6% on 2/28/23
Expected Div 8/2/23
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) $2,358
Avg Volume 30 day 175,012
Avg Volume 90 day 187,120
Volume Trend -6.47%
Comp Volume Trend 4.73%
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): ORCC 85.0%
Price St Dev (1Yr) 24.8%
NAV St Dev (1Yr) 2.2%
Earnings / Share (3/31/23) $0.498
Adj Core NII Coverage 131.08%
1 Yr Avg NII Coverage 120.22%
1 Yr Avg Adj Core NII Coverage 120.22%
NII Trend -0.84%
Adj Core NII Trend -0.84%
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 % 0.99%
% Loans with Libor Floor 70%


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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.

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