Sixth Street Specialty Lending

Shareholders of Sixth Street Specialty Lending approved a proposal allowing the board to sell or issue common shares in one or more tranches at a price below the current NAV, provided the issuance does not exceed 25% of previously outstanding shares. The vote was 41,423,791 in favor, 6,674,197 against and 1,818,545 abstentions; an adjusted count excluding affiliated shares confirmed the approval. The stock is trading near its 52-week low and is down about 20% year-to-date; the company shows a dividend yield of 10.66%. Sixth Street Specialty Lending also missed first-quarter 2026 expectations on EPS (USD 0.42 vs. USD 0.49 forecast) and revenue (USD 93.4m vs. USD 103.45m expected). » Más en de.investing.com

Shareholders of Sixth Street Specialty Lending elected three Class III directors (Hurley Doddy, Michael Fishman, Robert “Bo” Stanley) and confirmed KPMG as independent auditors for the fiscal year ending Dec. 31, 2026. A concurrently convened extraordinary general meeting was not quorate and was postponed to June 18, 2026; the voting item and the record date (March 31, 2026) remain unchanged. The company also reported Q1 2026 results that missed expectations: EPS $0.42 (estimate $0.49) and revenue $93.4 million (estimate $103.45 million). » Más en de.investing.com

Sixth Street Specialty Lending reported a decline in net asset value per share for Q1 2026 from $16.97 to $16.24 (-4.3%), driven by unrealized, volatility-related losses. Net investment income was $0.42 per share and missed expectations, as did revenues of $93.4m. The company cut the base dividend by 8.7% to $0.42 and stresses a robust liquidity position and a portfolio tilted toward first-lien secured loans despite valuation pressure. Analyst targets range from $17.50 to $24, but near-term uncertainty remains due to spread widening and yield compression. » Más en de.investing.com