Golub Capital sees Q4 adjusted EPS 58c-62c, consensus 47c

Sees Q4 net asset value per share $15.00-$15.04. “GBDC‘s strong preliminary results for the quarter validate our confidence in the Company’s earnings power. GBDC’s Adjusted Net Investment Income per share was its highest ever, in part due to the previously announced permanent reduction in the base management fee rate. Credit quality remained strong, resulting in a net realized and unrealized gain on investments for the quarter and an improvement in non-accrual ratios. GBDC’s increased profitability, coupled with strong credit results, allowed NAV to increase even as distributions to shareholders also increased. We believe GBDC is well-positioned to continue to thrive in the coming period,” said CEO David Golub.