Bain Capital Specialty Finance announced third-quarter 2026 results, appointed a new independent director and declared its fourth-quarter dividend. The board expansion adds a ninth member and increases the maximum board size by one.
The available announcement identifies the quarter covered but does not include the financial results or performance figures.
Key details
- New director: Amrit Kanwal, 61, joined the board on November 4 as an independent Class III director. His initial term runs through the company’s 2028 annual shareholder meeting.
- Board and committee changes: The board grew from eight to nine members, and the bylaws were amended to allow up to nine directors. Kanwal joined the Audit, Nominating and Corporate Governance, and Compensation committees.
- Experience: Kanwal has held senior finance roles, including executive vice president and chief financial officer at MFS Investment Management and chief financial officer at Putnam Investments. He has also served on boards across investment management and financial services.
- Related trustee role: Effective November 4, Kanwal also became an independent trustee of Bain Capital Private Credit, a non-traded business development company managed by an affiliate of Bain Capital Specialty Finance’s investment adviser.
- Dividend: The company declared a fourth-quarter 2026 dividend of $0.42 per share. Shareholders of record on December 15 will be eligible; payment is due by December 29.
- Third-quarter results: The company said it released results for the quarter ended September 30, 2026, but the material provided here does not include the results themselves.
What changes: The board’s size and permitted maximum both increase from eight to nine, with Kanwal taking seats on three committees. The dividend announcement sets the amount and dates for the fourth-quarter payout.