Kayne Anderson BDC, Inc.

(1)

The per common share data was derived by using weighted average shares outstanding.

(2)

Realized and unrealized gains and losses per share in this caption are balancing amounts necessary to reconcile the change in net asset value per share for the period and may not be consistent or reconcile with the aggregate gains and losses in the Consolidated Statement of Operations due to the timing of share transactions during the period. For thesix months ended June 30, 2026, includes less than $0.01 per share of deferred income tax expense on unrealized appreciation on investments.

(3)

Total return is calculated as the change in net asset value (“NAV”) per share during the period, plus distributions per share (if any), divided by the beginning NAV per share. The calculation also assumes reinvestment of dividends at actual prices pursuant to the Company’s dividend reinvestment plan. Total return is not annualized.

(4)

Total return based on market value is calculated as the change in market value per share during the respective periods, plus distributions per share, if any, divided by the beginning market value per share. The calculation also assumes reinvestment of dividends at actual prices pursuant to the Company’s dividend reinvestment plan.

(5)

Ratio is annualized.

Note 11. Segment Reporting

The Company operates through asingle operating and reporting segment with an investment objective to generate both current income and capital appreciation through debt and equity investments. The CODM is comprised of the Company’s co-chief executive officers and these CODMs assess the performance and make operating decisions of the Company on a consolidated basis primarily based on the Company’s net increase in stockholders’ equity resulting from operations (“net income”). In addition to numerous other factors and metrics, the CODMs utilize net income as a key metric in determining the amount of dividends to be distributed to the Company’s stockholders. As the Company’s operations comprise of a single reporting segment, the segment assets are reflected on the accompanying consolidated balance sheet as “total assets” and the significant segment expenses are listed on the accompanying consolidated statement of operations.

Note 12. Subsequent Events

The Company’s management has evaluated subsequent events through the date of issuance of the financial statements included herein. There have been no subsequent events that require recognition or disclosure in these financial statements except as described below.

On July 16, 2026, the Company paid a regular dividend of$0.40 per share to each common stockholder of record as of June 30, 2026. The total dividend was $26,490, and, of this amount, $554 was DRIP which was fulfilled through open market purchases of common stock.

On August 5, 2026, the Board of Directors of the Company declared a regular dividend to common stockholders in the amount of $0.40 per share. The regular dividend of $0.40 per share will be paid on October 16, 2026 to stockholders of record as of the close of business on September 30, 2026, payable in cash or shares of common stock of the Company pursuant to the Company’s Dividend Reinvestment Plan, as amended.

From July 1, 2026 to August 5, 2026, the Company’s agent repurchased 178,752 shares of common stock at an average price of $13.67 per share for a total amount of $2,443. As of August 5, 2026,$95,799 remains for repurchase under the Company’s current 10b5-1 Plan.