Bain Capital Specialty Finance, Inc. (NYSE:BCSF) Q1 2022 Earnings Conference Call May 6, 2022 8:30 AM ET

Company Participants

Katherine Schneider – Investor Relations

Michael Ewald – Chief Executive Officer

Sally Dornaus – Chief Financial Officer

Conference Call Participants

Finian O'Shea – Wells Fargo

Ryan Lynch – KBW

Operator

Good day, and welcome to the Bain Capital Specialty Finance First Quarter Ended March 31, 2022 Earnings Conference Call. Today's conference is being recorded.

At this time, I would like to turn the conference over to Ms. Katherine Schneider, Investor Relations. Please go ahead.

Katherine Schneider

Thanks, Jennifer. Good morning. And welcome to the Bain Capital Specialty Finance first quarter March 31, 2022 conference call.

Yesterday, after market closed, we issued our earnings press release and investor presentation of our quarterly results, a copy of which are available on Bain Capital Specialty Finance's Investor Relations website.

Following our remarks today, we will hold a question-and-answer session for analysts and investors. This call is being webcast and a replay will be available on our website. This call and the webcast are property of Bain Capital Specialty Finance and any unauthorized broadcast in any form is strictly prohibited.

Any forward-looking statements made today do not guarantee future performance and actual results may differ materially. These statements are based on current management expectations, which include risks and uncertainties which are identified in the Risk Factors section of our Form 10-Q that could cause actual results to differ materially from those indicated.

Bain Capital Specialty Finance assumes no obligation to update any forward-looking statements at this time, unless required to do so by law. Lastly, past performance does not guarantee future results.

So with that, I'd like to turn the call over to our CEO, Michael Ewald.

Michael Ewald

Thanks Katherine. And good morning. And thank you everyone for joining us on our earnings call this morning.

I'm joined today by Mike Boyle, our President; and our Chief Financial Officer, Sally Dornaus.

I'll start with an overview of our [indiscernible] financial results in a greater detail. So yesterday after market close we delivered strong first quarter results to our shareholders. Q1 net investment income per share was $0.34, driven by solid net investment income earned by our portfolio investments.

[Indiscernible] $0.22, reflecting a 1.1% increase from our NAV as of December 31. We are pleased to demonstrate a continued gradual improvement in our NAV for the seventh consecutive quarter.