Bain Capital Specialty Finance, Inc. has announced a special dividend of $0.15 per share to be paid on January 26, 2026, to stockholders of record as of December 31, 2025. This special dividend is intended to manage the company's tax and RIC distribution requirements.
Amit Joshi, the Chief Financial Officer of BCSF, stated that the special dividend reflects the company's disciplined capital management and is driven by the company's over-earnings throughout the year. He also emphasized the company's goal of retaining a significant amount of spillover income to ensure the stability of its regular dividend and steadily build net asset value per share over time.
Since commencing investment operations on October 13, 2016, and through September 30, 2025, BCSF has invested approximately $9,688.5 million in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments.
BCSF'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.
It's worth noting that BCSF has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. As a result of these announcements, the company's shares have moved 0.58% on the market, and are now trading at a price of $13.9501. If you want to know more, read the company's complete 8-K report here.
