Business
Golub Capital BDC, Inc. Announces Fiscal Year 2023 Fourth Quarter Financial Results with Highest-Ever Adjusted Net Investment Income
Declares Quarterly Distribution of $0.37 Per Share, and a Fiscal Year 2023 Fourth Quarter Supplemental Distribution of $0.07 Per Share NEW YORK, Nov. 20, 2023
About this update from Golub Capital Bdc, Inc.
[{"type":"text","content":"Declares Quarterly Distribution of $0.37 Per Share, and a Fiscal Year 2023 Fourth Quarter Supplemental Distribution of $0.07 Per Share\nNEW YORK, Nov. 20, 2023 /PRNewswire/ -- Golub Capital BDC, Inc., a business development company (Nasdaq: GBDC), today announced its financial results for its fourth fiscal quarter ended September 30, 2023.\n\nExcept where the context suggests otherwise, the terms \"we,\" \"us,\" \"our,\" and \"Company\" refer to Golub Capital BDC, Inc. and its consolidated subsidiaries. \"GC Advisors\" refers to GC Advisors LLC, our investment adviser.\nSELECTED FINANCIAL HIGHLIGHTS\n(in thousands, expect per share data)\nSeptember 30, 2023\nJune 30, 2023\nInvestment portfolio, at fair value\n$ 5,516,613\n$ 5,525,009\nTotal assets\n$ 5,733,472\n$ 5,736,835\nNet asset value per share\n$ 15.02\n$ 14.83\nQuarter Ended\nSeptember 30, 2023\nJune 30, 2023\nNet investment income per share\n$ 0.49\n$ 0.43\nAmortization of purchase premium per share\n0.01\n0.01\nAdjusted net investment income per share1\n$ 0.50\n$ 0.44\nAccrual (reversal) for capital gain incentive fee per share\n—\n—\nAdjusted net investment income before accrual for capital gain incentive fee per share1\n$ 0.50\n$ 0.44\nNet realized/unrealized gain/(loss) per share\n$ 0.11\n$ 0.00 *\nReversal of realized / unrealized loss resulting from the purchase premium per share\n(0.01)\n(0.01)\nAdjusted net realized/unrealized gain/(loss) per share1\n$ 0.10\n$ (0.01)\nEarnings/(loss) per share\n$ 0.60\n$ 0.43\nAdjusted earnings/(loss) per share1\n$ 0.60\n$ 0.43\nNet asset value per share\n$ 15.02\n$ 14.83\nDistributions paid per share\n$ 0.41\n$ 0.33\n*\nRepresents an amount less than $0.01\n1 On September 16, 2019, the Company completed its acquisition of Golub Capital Investment Corporation (\"GCIC\"). The merger was accounted for under the asset acquisition method of accounting in accordance with Accounting Standards Codification 805-50, Business Combinations — Related Issues. Under asset acquisition accounting, where the consideration paid to GCIC's stockholders exceeded the relative fair values of the assets acquired, the premium paid by the Company was allocated to the cost of the GCIC assets acquired by the Company pro-rata based on their relative fair value. Immediately following the acquisition of GCIC, the Company recorded its assets at their respective...