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-0.00887409872434832 -0.00887409872434832 -0.00221852468108703 -0.00277315585135889 0.00110926234054351 0.00110926234054351 -0.00166389351081537 -0.00610094287298943
Stock impact report

Bain Capital Specialty Finance, Inc.’s Board of Directors Recommends Proposal for Shareholder Vote to Reduce Asset Coverage Requirement

Bain Capital Specialty Finance, Inc. (BCSF) 
Last bain capital specialty finance, inc. earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Business Wire
BCSF Expects to Use the Incremental Investment Capacity to Expand its Specialty Finance Platform BOSTON--(BUSINESS WIRE)-- Bain Capital Specialty Finance, Inc. (NYSE:BCSF) or “the Company” or “BCSF” today announced that its Board of Directors (the “Board”) has recommended that shareholders approve a proposal to reduce the Company’s required minimum asset coverage requirements applicable to Business Development Companies under the Investment Company Act of 1940, as amended (the “1940 Act”) from 200% to 150%. In addition, the Board, including a “required majority” (as such term is defined in Section 57(o) of the 1940 Act) of the Board, approved the application of the modified asset coverage requirements to be effective one year after such Board approval and as a result, the Company’s asset coverage requirements will be changed from 200% to 150%, effective November 28, 2019. However, if the stockhol Show less Read more
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