Bain Capital Specialty Finance, Inc. (NYSE:BCSF) is the BDC arm of Bain Capital, a personal various asset administration agency. The BDC’s inventory at present trades at a inventory yield of about 9.8% whereas sustaining a extremely secured portfolio composition.
Having stated that, the BDC diminished its dividend by 17% throughout the pandemic, and the corporate solely covers its dividend with web funding revenue.
If non-accruals enhance, the corporate will most definitely scale back its dividend payout.
A First Lien-Targeted Debt Portfolio And Evolution
The funding focus of Bain Capital Specialty Finance is