Business
Golub Capital BDC, Inc. Declares Fiscal Year 2019 Fourth Quarter Distribution of $0.32 Per Share and Announces Fiscal Year 2019 Third Quarter Financial Results
NEW YORK, Aug. 7, 2019 /PRNewswire/ -- Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC), today announced its financial results for its
About this update from Golub Capital Bdc, Inc.
[{"type":"text","content":"NEW YORK, Aug. 7, 2019 /PRNewswire/ -- Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC), today announced its financial results for its third fiscal quarter ended June 30, 2019.\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.\nThird Fiscal Quarter 2019 Highlights\nNet increase in net assets resulting from operations for the quarter ended June 30, 2019 was $19.2 million, or $0.32 per share, as compared to $17.8 million, or $0.29 per share, for the quarter ended March 31, 2019; Net investment income for the quarter ended June 30, 2019 was $19.4 million, or $0.32 per share, as compared to $20.1 million, or $0.33 per share, for the quarter ended March 31, 2019; Net investment income for the quarter ended June 30, 2019, excluding a $28,000 accrual for the capital gain incentive fee under GAAP, was $19.4 million, or $0.32 per share, as compared to $19.4 million, or $0.32 per share, excluding a $0.7 million reversal for the capital gain incentive fee under GAAP, for the quarter ended March 31, 2019; Net loss on investments and foreign currency for the quarter ended June 30, 2019 was $0.2 million, or less than $0.01 per share, as compared to a net loss of $2.3 million, or $0.04 per share, for the quarter ended March 31, 2019; Our board of directors declared on August 6, 2019 a quarterly distribution of $0.32 per share which is payable on September 27, 2019 to stockholders of record as of August 19, 2019; and On July 11, 2019, the Company filed an amended registration statement on Form N-14, which included a joint proxy statement of the Company and Golub Capital Investment Corporation (\"GCIC\") and a prospectus of the Company, in connection with the Company's proposed merger with GCIC. The registration statement was declared effective by the SEC on July 12, 2019 and the special meetings for each of the Company's and GCIC's stockholders are scheduled for September 4, 2019. We remain very excited about the proposed merger with GCIC, which we anticipate to close shortly after the special meetings in September 2019, subject to stockholder approvals and other customary closing conditions. Portfolio and Investment Activities\nAs of June 30, ...