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Golub Capital BDC, Inc., a business development company (NASDAQ:GBDC), today announced estimated financial results for its first fiscal quarter ended December 31, 2023. The Company has elected to provide these preliminary estimated results in connection with the announcement of the increase in the base quarterly distribution to $0.39 per share from $0.37 per share and the agreement by GC Advisors LLC, GBDC's investment adviser, to unilaterally waive incentive fees to reduce the income and capital gain incentive fee rates from 20.0% to 15.0%.
"GBDC's strong preliminary results for the quarter validate our confidence in the Company's earnings power. GBDC continued to generate record Adjusted Net Investment Income per share and credit quality remained strong. GBDC's increased profitability, coupled with strong credit results, allowed NAV to increase even as distributions to shareholders also increased," said Chief Executive Officer David Golub.
Posted In: GBDC
