|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||19.87 - 20.45|
|52 Week Range||15.14 - 20.45|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||14.19|
|Earnings Date||Feb 28, 2019|
|Forward Dividend & Yield||1.64 (8.19%)|
|1y Target Est||20.04|
Bain Capital Specialty Finance, Inc. (BCSF) (the “Company”) today announced that at the Company’s special meeting of stockholders held on February 1, 2019, its shareholders approved the application of the reduced asset coverage requirements as set forth in Section 61(a)(2) of the Investment Company Act of 1940, as amended. As a result, the asset coverage ratio requirement applicable to the Company will be decreased from 200% to 150%, effective as of February 2, 2019. Stockholders also approved an amended advisory agreement which reduced the Company’s annual base management fee from 1.5% to 1.0% on any amount of assets attributable to leverage decreasing the Company’s asset coverage ratio below 200%, effective immediately.
Bain Capital Specialty Finance, Inc. (BCSF) today announced that it will release its fourth quarter and fiscal year 2018 financial results after the market closes on Thursday, February 28, 2019. Management will also host a conference call on the day of the release at 5:30 pm ET to discuss the financial results. Interested parties may access the conference call live over the phone by dialing 1-877-407-4018 (domestic) or 1-201-689-8471 (international) and requesting the “Bain Capital Specialty Finance, Inc. Fourth Quarter and Fiscal Year 2018 Earnings Conference Call”.
Bain Capital Specialty Finance, Inc. (BCSF) or “the Company” or “BCSF” today announced that its Board of Directors (the “Board”) has recommended that shareholders approve a proposal to reduce the Company’s required minimum asset coverage requirements applicable to Business Development Companies under the Investment Company Act of 1940, as amended (the “1940 Act”) from 200% to 150%. In addition, the Board, including a “required majority” (as such term is defined in Section 57(o) of the 1940 Act) of the Board, approved the application of the modified asset coverage requirements to be effective one year after such Board approval and as a result, the Company’s asset coverage requirements will be changed from 200% to 150%, effective November 28, 2019.