BCSF - Bain Capital Specialty Finance: 10% Covered Yield And Re-Rating Opportunity (Upgrade)

2024-06-12 11:09:40 ET

Summary

• BDCs with good pay-out metrics and discounts to net asset value are still available, such as Bain Capital Specialty Finance Inc.
• Bain Capital Specialty Finance offers a 10% yield, growing net investment income, and a diversified portfolio, making it attractive for passive income investors.
• The BDC is invested in floating-rate loans, with potential for slower net investment income growth in a falling-rate environment, but still offers value.

Select business development companies with good pay-out metrics and discounts to net asset value are still available in the market, but one has to look harder for them compared to just six months ago....

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