Bain Capital Specialty Finance, Inc. has announced changes to its corporate governance and reported financial results for the third quarter of 2026. On November 4, 2026, the company’s Board of Directors appointed Amrit Kanwal, age 61, as an independent Class III director. Effective immediately, the Board expanded from eight to nine members and amended the company’s bylaws to authorize a maximum of nine directors.
Mr. Kanwal has been appointed to the company’s Audit Committee, Nominating and Corporate Governance Committee, and Compensation Committee. He currently serves as an independent director for Columbia Threadneedle Investments and the Arete Newbury Fund. Previously, Mr. Kanwal served as Executive Vice President and Chief Financial Officer of MFS Investment Management and Chief Financial Officer of Putnam Investments.
In a separate press release dated November 9, 2026, the company announced its financial results for the quarter ended September 30, 2026. Net investment income per share was $0.43, resulting in an annualized yield on book value of 10.3%. Net income per share was $0.26, representing an annualized return on book value of 6.2%. The company’s net asset value per share as of September 30, 2026, was $16.49, a decrease from $16.65 as of June 30, 2026.
The company also declared a dividend of $0.42 per share for the fourth quarter of 2026. This dividend is payable to stockholders of record as of December 15, 2026, and will be distributed no later than the close of business on December 29, 2026.
