Bain Capital Specialty Finance, Inc. Declares Dividend for the Fourth Quarter of 2020, Payable on January 29, 2021
November 05, 2020 at 04:41 pm EST
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Bain Capital Specialty Finance, Inc. declares a dividend of $0.34 per share for the fourth quarter of 2020 payable to stockholders of record as of December 31, 2020. The fourth quarter dividend is payable on January 29, 2021 to holders of record as of December 31, 2020.
Bain Capital Specialty Finance, Inc. is an externally managed specialty finance company focused on lending to middle market companies. The Company's investment objective is to generate current income and, to a lesser extent, capital appreciation through direct originations of secured debt, including first lien, first lien/last out, unitranche and second lien debt, investments in strategic joint ventures, equity investments and, to a lesser extent, corporate bonds. Its primary focus is capitalizing on opportunities within Bain Capital Creditâs Senior Direct Lending Strategy, which seeks to provide risk-adjusted returns and current income to investors by investing in middle-market companies with between $10 million and $150 million in annual earnings before interest, taxes, depreciation and amortization. It is focused on senior investments with a first or second lien on collateral and strong structures and documentation intended to protect the lender. It is managed by BCSF Advisors, LP.