Golub Capital BDC, Inc. Announces Fiscal Year 2023 Third Quarter Financial Results with Record Adjusted Net Investment Income; Declares Increased Quarterly Distribution of $0.37 Per Share and a Third Quarter Supplemental Distribution of $0.04 Per Share; Announces Management Fee Reduction
NEW YORK, NY, August 7, 2023 – Golub Capital BDC, Inc., a business development company (Nasdaq: GBDC), today announced its financial results for its third fiscal quarter ended June 30, 2023 with record Adjusted Net Investment Income of $0.44 per share.
“This was an excellent quarter for GBDC’s shareholders: record Adjusted Net Investment Income, strong credit results, a more than 12% increase in the base quarterly distribution to $0.37 per share, a supplemental distribution of $0.04 per share as part of a new variable supplemental distribution framework and a permanent reduction in the base management fee from 1.375% of assets to 1.0% of assets. We believe GBDC is well-positioned to continue to thrive in the coming period,” said Chief Executive Officer David Golub. Please view the full press release here.