Bank of America Corp Reduces Stake in Bain Capital Specialty Finance, Inc. Below 5%
Bank of America Corp /DE/ filed a Schedule 13G/A on April 27, 2026, reporting its beneficial ownership in Bain Capital Specialty Finance, Inc. (BCSF). As of the event date on March 31, 2026, Bank of America reported holding 2,790,980 shares of common stock, representing a 4.3% ownership stake. This filing marks a decrease in ownership to below the 5% threshold, as indicated by the 'Item 5' checkbox confirming the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities. The filing was made on behalf of several wholly owned subsidiaries, including BofA Securities, Inc., Bank of America N.A., Merrill Lynch International, and Merrill Lynch Pierce Fenner & Smith, Inc. Of the total shares held, Bank of America reported shared dispositive power over all 2,790,980 shares and shared voting power over 173,674 shares. The calculation is based on 64,868,507 outstanding shares as reported in the issuer's Form 10-K filed in February 2026. The securities were acquired in the ordinary course of business without the intent to change or influence control.