Bain Capital Specialty Finance, Inc. Declares a Dividend for the Second Quarter of 2021, Payable on July 30, 2021
May 05, 2021 at 03:08 pm EDT
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Bain Capital Specialty Finance, Inc. Board of Directors declared a dividend of $0.34 per share for the second quarter of 2021 payable to stockholders of record as of June 30, 202, payable on July 30, 2021.
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.