KBDC

Kayne Anderson BDC, Inc. ( KBDC ) Q3 2026 Earnings Call November 6, 2026 12:00 PM EST Company Participants Andy Wedderburn-Maxwell - Senior Vice President Douglas Goodwillie - Co-CEO & Co-Chief Investment Officer Frank Karl - President Terry Hart - CFO & Treasurer Kenneth Leonard - Co-CEO & Co-Chief Investment Officer Conference Call Participants Melissa Wedel - UBS Investment Bank, Research Division Paul Johnson - Keefe, Bruyette, & Woods, Inc., Research Division Derek Hewett - BofA Securities, Research Division Presentation Operator Hello, everyone. Thank you for joining us, and welcome to Kayne Anderson BDC, Inc.'s Third Quarter 2026 Earnings Call.

This Undercovered Dozen series spotlights 12 lesser-covered stocks and ETFs, each with distinct investment theses and ratings. Dan IVES Wedbush AI Revolution ETF is reiterated as a Buy, citing strong stock selection and outperformance versus the S&P 500. Vicor Corporation receives a Strong Buy on record for Q3 results and AI technology leadership, despite recent volatility tied to sector financing concerns.

BDC valuations have dropped to levels seen only a few times in the sector's history, which creates a rare entry point for patient investors. The usual household names may not be the safe haven many assume, especially as a credit cycle looms. I highlight 2 lesser-known BDCs that come out ahead on fees, portfolio quality and leverage.

CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, announced today that it will release its financial results for the third quarter ended September 30, 2026, on Thursday, November 5, 2026, after the close of financial markets. KBDC will host a conference call at 12:00 pm ET on Friday, November 6, 2026, to review its financial results. All interested parties are invited to.

Kayne Anderson BDC remains a buy, supported by stable NII, strong dividend coverage, and prudent balance sheet management. KBDC's NII rose 5% year-over-year to $0.42 per share, maintaining a 105% dividend coverage ratio despite a modest increase in non-accruals. Portfolio diversification is robust, with top 10 investments under 20% of assets and average borrower exposure around 1%, mitigating credit risk.

KBDC stands out as a rare externally managed BDC worth holding, despite typical structural drawbacks. Recent Q2 results showed declining NII and NAV, higher leverage, and increased non-accruals, but underlying drivers suggest near-term improvement. KBDC trades at a 15% discount to NAV, with NII per share expected to rise next quarter due to portfolio rotation and higher spreads.

Kayne Anderson BDC NYSE: KBDC reported second-quarter 2026 net investment income of $0.42 per share, exceeding its quarterly dividend by $0.02 per share, while net asset value declined amid realized and unrealized portfolio losses and the completion of its exit from broadly syndicated loans.

Kayne Anderson BDC, Inc. (KBDC) Q2 2026 Earnings Call Transcript

CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC or the Company”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, today announced its financial results for the second quarter ended June 30, 2026. Financial Highlights for the Quarter Ended June 30, 2026 Net investment income of $27.5 million, or $0.42 per share; Net asset value of $16.00 per share, decreased from $16.23 per share as of March 31, 2026, primarily as a res.

CHICAGO--(BUSINESS WIRE)--Kayne Anderson BDC, Inc. (NYSE: KBDC) (“KBDC”), a business development company externally managed by its investment adviser, KA Credit Advisors, LLC, announced today that it will release its financial results for the second quarter ended June 30, 2026 on Monday, August 10, 2026, after the close of financial markets. KBDC will host a conference call at 10:00 am ET on Tuesday, August 11, 2026, to review its financial results. All interested parties are invited to partici.