Bain Capital Specialty Finance, Inc.

This Business Development Company is a registered investment company that makes debt and equity investments in middle-market portfolio companies, typically through senior secured loans with first-lien, second-lien, and subordinated structures, as well as equity interests and warrants. The company operates as a Regulated Investment Company for tax purposes, subject to the Investment Company Act of 1940, and is managed by an investment advisor that receives base management fees and incentive fees tied to investment performance. The company finances its investments using debt and equity capital, with distributions to stockholders funded from available earnings, and maintains compliance with RIC requirements including the distribution of at least 90 percent of taxable income annually to shareholders.