Kayne Anderson BDC, Inc.

Kayne Anderson BDC, Inc. is a Delaware corporation that invests in middle-market companies. The company commenced operations on February 5, 2021, and its common stock began trading on the New York Stock Exchange (NYSE) under the ticker symbol "KBDC" following its initial public offering (IPO) in May 2024. Kayne Anderson BDC, Inc. is an externally managed, closed-end, non-diversified management investment company regulated as a Business Development Company (BDC) under the 1940 Act. For U.S. federal income tax purposes, the company intends to qualify annually as a Regulated Investment Company (RIC). The company primarily invests in first lien senior secured loans, with a secondary focus on unitranche and split-lien loans to private middle market companies. Its investment advisor is KA Credit Advisors, LLC, an indirect controlled subsidiary of Kayne Anderson Capital Advisors, L.P., an alternative investment management firm. The Advisor operates within Kayne Anderson's middle market private credit platform and is registered with the United States Securities and Exchange Commission (SEC). Kayne Anderson BDC, Inc. generally intends to distribute 90% to 100% of its available earnings, out of legally available assets, on a quarterly or annual basis, as determined by its Board of Directors. Distributions paid to stockholders in a year may exceed taxable income, with the excess potentially constituting a return of invested capital for federal income tax purposes, which would be nontaxable to the stockholder and reduce their basis in shares.