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Sep 30, 2021
Sixth Street Q3 2021 Earnings Report
Reported adjusted net investment income of $0.55 per share and adjusted net income of $0.80 per share.
Key Takeaways
Sixth Street Specialty Lending, Inc. reported an adjusted net investment income of $0.55 per share and an adjusted net income of $0.80 per share for the third quarter ended September 30, 2021. The net asset value (NAV) per share was $17.18 at September 30, 2021, compared to $16.85 at June 30, 2021.
Adjusted net investment income per share was $0.55.
Adjusted net income per share was $0.80.
NAV per share was $17.18 at September 30, 2021.
The Board of Directors declared a fourth quarter 2021 base dividend of $0.41 per share.
Forward Guidance
The Company believes that given the strength in the earnings power of its portfolio, the ongoing cadence of supplemental and special dividends, and expectations for operating in its targeted debt-to-equity range, reinvesting in its existing portfolio at prices starting below 1.05x book would be highly ROE-accretive with a short payback period compared to any dilution in net asset value per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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