Bain Capital Specialty Finance, Inc.

Bain Capital Specialty Finance, Inc. is an externally managed, closed-end, non-diversified management investment company that operates as a business development company (BDC) under the Investment Company Act of 1940. The company was formed on October 5, 2015, and began investment operations on October 13, 2016. It has elected to be treated as a regulated investment company (RIC) for U.S. federal income tax purposes, meaning it is not taxed on income distributed annually, provided other tax requirements are met. On October 6, 2016, the company completed its initial capital commitments. Its initial public offering (IPO) closed on November 19, 2018, issuing 7,500,000 shares of common stock at $20.25 per share. Shares began trading on the New York Stock Exchange under the symbol "BCSF" on November 15, 2018. The company is managed by an SEC-registered investment adviser, which also provides administrative services. Investment operations and capital raising activities are directed by this adviser, subject to oversight from the company's Board of Directors. The Board consists of eight directors, five of whom are independent.