Kayne Anderson BDC, Inc. Announces September 30, 2026 Financial Results and Declares Fourth Quarter 2026 Dividend of $0.40 Per Share

Doug Goodwillie, Co-Chief Executive Officer of Kayne Anderson BDC, Inc.

“Third quarter net investment income of $0.46 per share exceeded our $0.40 base dividend and generated an annualized ROE from net investment income of 11.7%”

Doug Goodwillie, Co-Chief Executive Officer of Kayne Anderson BDC, Inc.

“Our credit performance has been exemplary since our IPO in May 2024, but we did experience some pressure this quarter with a slight decline in NAV per share and a momentary increase in non-accruals.”

Doug Goodwillie, Co-Chief Executive Officer of Kayne Anderson BDC, Inc.

“We expect to resolve the few related credit issues in the portfolio in the near future which should support NAV stability and bring non-accrual metrics back in-line with our strong historical track record.”

Doug Goodwillie, Co-Chief Executive Officer of Kayne Anderson BDC, Inc.

“The portfolio remains healthy as our value lending credit philosophy dictates investing via conservative capital structures in first-lien loans to core middle market businesses in stable and staple industries.”

Doug Goodwillie, Co-Chief Executive Officer of Kayne Anderson BDC, Inc.

“This strategy positions KBDC to deliver attractive risk adjusted returns to our shareholders.”

Ken Leonard, Co-Chief Executive Officer of Kayne Anderson BDC, Inc.

“With the declaration of our fourth quarter dividend, we delivered on our commitment to pay the $0.40 base dividend throughout 2026 and we ended the quarter with $0.32 per share of undistributed net investment income”

Ken Leonard, Co-Chief Executive Officer of Kayne Anderson BDC, Inc.

“We remained selective this quarter, committing $76 million to new private credit investments.”

Ken Leonard, Co-Chief Executive Officer of Kayne Anderson BDC, Inc.

“With over $500 million of liquidity, we are well-positioned to support our sponsor partners as deal activity picks up.”

Ken Leonard, Co-Chief Executive Officer of Kayne Anderson BDC, Inc.

“Our income-producing portfolio earns an average spread of 587 basis points over SOFR.”

Ken Leonard, Co-Chief Executive Officer of Kayne Anderson BDC, Inc.

“That spread, together with recent increases in reference rates and the long-term health of our portfolio, gives us confidence that we can maintain our base dividend going forward.”