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Golub Capital BDC, Inc. Announces Preliminary Fiscal Year 2020 Third Quarter Financial Results
NEW YORK, July 15, 2020 /PRNewswire/ -- Golub Capital BDC, Inc. (NASDAQ: GBDC) ("we," "us," "our," "GBDC" or the "Company") announced preliminary estimates of
About this update from Golub Capital Bdc, Inc.
[{"type":"text","content":"NEW YORK, July 15, 2020 /PRNewswire/ -- Golub Capital BDC, Inc. (NASDAQ: GBDC) (\"we,\" \"us,\" \"our,\" \"GBDC\" or the \"Company\") announced preliminary estimates of certain financial results for its third fiscal quarter ended June 30, 2020. The Company has elected to provide these results in light of ongoing financial market volatility and the evolving economic impact from COVID-19.\nSet forth in the table below are certain preliminary estimates of our financial condition and results of operations for the three months ended June 30, 2020. These estimates are subject to the completion of financial closing procedures and are not a comprehensive statement of the Company's financial results for the three months ended June 30, 2020. Actual results may differ materially from these estimates as a result of the completion of our financial closing procedures, final adjustments and other developments arising between now and the time that financial quarterly results for the three months ended June 30, 2020 are finalized. These preliminary estimates have been prepared by, and are the responsibility of, management. Our independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures with respect to such preliminary estimates, and, accordingly, does not express an opinion or any other form of assurance with respect thereto.\n\"GBDC earnings rebounded nicely in the quarter ended June 30, 2020,\" said David B. Golub, Chief Executive Officer of GBDC. \"Our portfolio companies—including those in COVID 19-impacted industry sectors—generally performed better than we expected, and credit market conditions have begun to recover.\"\nPRELIMINARY ESTIMATES OF CERTAIN FINANCIAL RESULTS\nEstimated Ranges for the ThreeMonths Ended June 30, 2020\nNet Investment Income Per Share\nNet investment income per share\n$\n0.22\n$\n0.24\nAmortization of purchase premium per share1\n0.05\n0.05\nAdjusted net investment income per share1\n0.27\n0.29\nNet Realized/Unrealized Gain (Loss) Per Share\nNet realized/unrealized gain (loss) per share\n0.65\n0.75\nReversal of unrealized loss resulting from the amortization of the purchase price premium per share1\n(0.05)\n(0.05)\nAdjusted net realized/unrealized gain (loss) per share1\n0.60\n0.70\nEarnings per Share\nEarnings per share\n0.87\n0.99\nAdjusted earnings per share1\n0....