Sixth Street Specialty Lending, Inc. Reports Second Quarter 2024 Earnings Results; Declares a Third Quarter Base Dividend Per Share of $0.46, and a Second Quarter Supplemental Dividend Per Share of $0.06

Rhea-AI Summary

Sixth Street Specialty Lending, Inc. (NYSE: TSLX) has reported its financial results for the second quarter ended June 30, 2024. The company has declared a third quarter base dividend of $0.46 per share and a second quarter supplemental dividend of $0.06 per share. TSLX will host a conference call on August 1, 2024, at 8:30 a.m. Eastern Time to discuss the results. The call will be broadcast live on the company's website, and a slide presentation will be available. Research analysts must register to participate in the call. A recorded version will be available after the call concludes.

Positive

• Declared a third quarter base dividend of $0.46 per share
• Announced a second quarter supplemental dividend of $0.06 per share

Negative

• None.

Insights

Financial Analyst

Sixth Street Specialty Lending's Q2 2024 earnings report reveals some interesting developments for investors. The company has declared a third quarter base dividend of $0.46 per share, supplemented by an additional $0.06 per share for the second quarter. This dual dividend structure suggests a strategy to balance consistent shareholder returns with flexibility based on performance.

While specific financial figures are not provided in the announcement, the declaration of a supplemental dividend typically indicates strong performance or excess capital. This could be a positive signal for the company's financial health and its ability to generate returns above its regular dividend policy.

For investors, the total dividend of $0.52 per share ($0.46 base + $0.06 supplemental) represents an attractive yield, especially in the current low-interest-rate environment. However, it's important to note that supplemental dividends are often variable and shouldn't be expected as a recurring feature.

The company's decision to host an earnings call with a slide presentation suggests transparency and a willingness to provide detailed insights into their performance. This level of communication is generally viewed favorably by investors and analysts alike.

Overall, while the news is positive, investors should look forward to the earnings call for a more comprehensive understanding of the company's financial position, loan portfolio performance and future outlook in the specialty lending sector.

NEW YORK--(BUSINESS WIRE)-- Sixth Street Specialty Lending, Inc. (NYSE: TSLX, or the “Company”) today reported financial results for the second quarter ended June 30, 2024. Please view a printable version of the 2024 Second Quarter Results.

Conference Call Information:

A conference call to discuss the Company’s financial results will be held at 8:30 a.m. Eastern Time on August 1, 2024. The conference call will be broadcast live in listen-only mode on the Investor Resources section of TSLX’s website at https://sixthstreetspecialtylending.gcs-web.com/events-and-presentations. The Events & Presentations page of the Investor Resources section of TSLX’s website also includes a slide presentation that complements the Earnings Conference Call. Please visit the website to test your connection before the webcast.

Research analysts who wish to participate in the conference call must first register at https://register.vevent.com/register/BI46292d14404d4f17a64ea95eac508eef. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call.

Replay Information:

A recorded version will be available under the same webcast link (https://sixthstreetspecialtylending.gcs-web.com/events-and-presentations) following the conclusion of the conference call.

Please direct any questions regarding the conference call to TSLX Investor Relations, IRTSLX@sixthstreet.com.

About Sixth Street Specialty Lending

Sixth Street Specialty Lending is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine loans and investments in corporate bonds and equity securities. The Company has elected to be regulated as a business development company, or a BDC, under the Investment Company Act of 1940 and the rules and regulations promulgated thereunder. The Company is externally managed by Sixth Street Specialty Lending Advisers, LLC, an affiliate of Sixth Street and a Securities and Exchange Commission (“SEC”) registered investment adviser. The Company leverages the deep investment, sector, and operating resources of Sixth Street, a global investment firm with over $78 billion in assets under management and committed capital. For more information, visit the Company’s website at https://sixthstreetspecialtylending.com.

About Sixth Street

Sixth Street is a global investment firm with over $78 billion in assets under management and committed capital. The firm uses its long-term flexible capital, data-enabled capabilities, and One Team culture to develop themes and offer solutions to companies across all stages of growth. Founded in 2009, Sixth Street has more than 600 team members including over 250 investment professionals around the world. For more information, visit https://sixthstreet.com or follow Sixth Street on LinkedIn.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements,” within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995, which relate to future events or the Company’s future performance or financial condition. These forward-looking statements can be identified by the use of forward-looking terminology, such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “can,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates”, “confident,” “conviction,” “identified” or the negative versions of these words or other comparable words thereof. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in the Company’s filings with the SEC, which are accessible on the SEC’s website at www.sec.gov. Except as otherwise required by federal securities laws, the Company assumes no obligation to update any such forward-looking statements, whether as a result of new information, future developments or otherwise.

Non-GAAP Financial Measures

Adjusted net investment income and adjusted net income are each non-GAAP financial measures, which represent net investment income and net income, respectively, in each case less the impact of accrued capital gains incentive fee expenses. The Company believes that adjusted net investment income and adjusted net income provide useful information to investors regarding the fundamental earnings power of the business, and these figures are used by the Company to measure its financial condition and results of operations. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240731703941/en/

Investors:

Cami VanHorn, 469-621-2033

Sixth Street Specialty Lending

IRTSLX@sixthstreet.com

Media:

Patrick Clifford, 617-793-2004

Sixth Street

PClifford@sixthstreet.com

Source: Sixth Street Specialty Lending, Inc.

FAQ

What dividends did Sixth Street Specialty Lending (TSLX) declare for Q2 and Q3 2024?

Sixth Street Specialty Lending (TSLX) declared a third quarter base dividend of $0.46 per share and a second quarter supplemental dividend of $0.06 per share.

When will TSLX hold its Q2 2024 earnings conference call?

TSLX will hold its Q2 2024 earnings conference call on August 1, 2024, at 8:30 a.m. Eastern Time.

How can investors access TSLX's Q2 2024 earnings call and presentation?

Investors can access the live broadcast of TSLX's Q2 2024 earnings call and slide presentation on the Investor Resources section of the company's website at https://sixthstreetspecialtylending.gcs-web.com/events-and-presentations.

What is the stock symbol for Sixth Street Specialty Lending?

The stock symbol for Sixth Street Specialty Lending is TSLX, and it is listed on the New York Stock Exchange (NYSE).