Kayne Anderson BDC Q3 net investment income rises
KBDC•Kayne Anderson BDC’s Q3 net investment income per share rose to $0.46, while NAV per share fell to $15.71 from $16.00. The company declared a Q4 2026 dividend of $0.40 per share and said it expects to resolve portfolio credit issues soon.
1. Income and dividend
Q3 net investment income per share rose to $0.46. Kayne Anderson BDC declared a Q4 2026 dividend of $0.40 per share, maintaining its payout level.
2. NAV and credit issues
Net asset value per share fell to $15.71 from $16.00, mainly due to realized and unrealized losses, including a restructuring of its American Soccer Company debt investment. The company also cited a momentary increase in non-accrual investments and said it expects to resolve related credit issues soon.
3. Investment income drivers
The company attributed higher investment income to prepayment and accelerated amortization from realizations, as well as higher average private credit investment balances.
