Bain Capital Specialty Finance Q3 net investment income falls quarter over quarter
BCSF•Bain Capital Specialty Finance reported Q3 net investment income of $0.43 per share, down from the prior quarter, and net asset value of $16.49 per share, versus $16.65. The company declared an unchanged Q4 dividend of $0.42 per share.
1. Quarterly results
Q3 net investment income was $0.43 per share, down from the prior quarter. Net asset value per share fell to $16.49 from $16.65.
2. Dividend and outlook
The company declared a Q4 dividend of $0.42 per share, unchanged from the prior quarter. It said floating-rate loan resets and new deals funding at attractive spreads would support higher yields, and expects the current market environment to create opportunities in the core middle market. CEO Michael Ewald said its diversified portfolio of borrowers remains healthy.
