Business
Golub Capital BDC, Inc. Declares Fiscal Year 2020 First Quarter Distribution of $0.33 Per Share, a Special Distribution of $0.13 Per Share and Announces Fiscal Year 2019 Fourth Quarter Financial Results
NEW YORK, Nov. 25, 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, Nov. 25, 2019 /PRNewswire/ -- Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC), today announced its financial results for its fourth fiscal quarter ended September 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.\nFourth Fiscal Quarter 2019 Highlights\nNet investment income per share for the quarter ended September 30, 2019 was $0.37 per share as compared to $0.32 per share for the quarter ended June 30, 2019. Excluding $0.02 per share in purchase premium amortization from the GCIC acquisition and a ($0.06) per share reversal in the accrual for the capital gain incentive fee, adjusted net investment income per share1 for the quarter ended September 30, 2019 was $0.33 per share. This compares to adjusted net income per share1 of $0.32 per share for the quarter ended June 30, 2019 when excluding an accrual for the capital gain incentive fee of less than $0.01 per share. Net realized and unrealized loss per share for the quarter ended September 30, 2019 was ($1.39) per share that was comprised of (i) $0.02 per share of net realized and unrealized gain on investments and foreign currency, (ii) a ($1.43) loss per share of net unrealized depreciation resulting from the one-time write-down of the unamortized purchase premium allocated to the GCIC assets acquired and (iii) a $0.02 reversal of unrealized loss resulting from the amortization of the purchase premium. Adjusted net realized and unrealized gain per share1 was $0.02 per share when excluding the ($1.43) loss per share of net unrealized depreciation resulting from the write-down of the GCIC acquisition purchase premium and the $0.02 reversal of unrealized loss resulting from the amortization of purchase premium. This compares to net realized and unrealized loss per share of less than ($0.01) per share during the quarter ended June 30, 2019. Earnings per share for the quarter ended September 30, 2019 was a loss of ($1.02) per share as compared to earnings per share of $0.32 per share for the quarter ended June 30, 2019. Adjusted earnings per share1 for the quarter ended September 30, 2019 was $0.35 per share, which is calculated as the sum of adjusted net inv...