Quarterly ResultMay 12, 2026, 06:07 AM
Bain Capital Specialty Finance Q1 NII $0.42/Share; Declares $0.42 Dividend
AI Summary
Bain Capital Specialty Finance announced its first quarter 2026 financial results, reporting net investment income of $0.42 per share and net income of $0.05 per share. The company's net asset value per share decreased to $16.86. Concurrently, the Board of Directors declared a second fiscal quarter 2026 dividend of $0.42 per share, maintaining the previous quarter's payout. Credit fundamentals remained sound with a decrease in non-accrual investments, and the company completed a $350.0 million unsecured notes offering.
Key Highlights
- Declared a second fiscal quarter 2026 dividend of $0.42 per share, payable June 29, 2026.
- Net investment income (NII) per share was $0.42, down from $0.46 in Q4 2025.
- Net income per share was $0.05, significantly down from $0.43 in Q4 2025.
- Net asset value (NAV) per share was $16.86 as of March 31, 2026, down from $17.23.
- Investments on non-accrual decreased to 1.4% (amortized cost) and 0.6% (fair value).
- Net investment fundings were $(12.2) million, compared to $(25.3) million in Q4 2025.
- Ending net debt-to-equity increased to 1.28x from 1.24x as of December 31, 2025.
- Closed an offering of $350.0 million aggregate principal amount of 5.950% unsecured notes due 2031.
Price Impact
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