Bain Capital Specialty Finance: 10% Covered Yield And Re-Rating Opportunity (Upgrade)
Bain Capital Specialty Finance(BCSF) Seeking Alpha·2024-06-12 23:09
PM Images 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. One such BDC gem, in my view, is Bain Capital Specialty Finance Inc. (NYSE:BCSF) which offers passive income investors a well-covered 10% yield as well as a reasonable discount to net asset value. The BDC’s net investment income is growing, the portfolio is diversified and well-performing and Bai ...