Golub Capital BDC, Inc. Announces Shareholder-Aligned Management Fee Reduction; The Base Management Fee Rate Was Reduced From 1.375% Per Annum To 1.0% Per Annum
Golub Capital BDC, Inc. Announces Shareholder-Aligned Management Fee Reduction; The Base Management Fee Rate Was Reduced From 1.375% Per Annum To 1.0% Per Annum
Golub Capital BDC, Inc. ("GBDC" or the "Company"), a business development company (NASDAQ:GBDC), today announced that the Company's Board of Directors approved a permanent reduction in the base management fee rate that the Company pays to its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital LLC group of companies ("Golub Capital"). For additional analysis, please refer to Management Fee Reduction Announcement Presentation available on the Investor Resources link on the homepage of the Company's website () under Events/Presentations.
亞洲網加利福尼亞州聖約瑟10月24日電業務發展公司(納斯達克市場代碼：GBDC)戈盧布資本商業發展公司(以下簡稱“GBDC”或“公司”)今天宣佈，公司董事會批准永久降低公司向其投資顧問GC Advisors LLC支付的基本管理費費率。有關其他分析，請參閱本公司網站主頁()活動/介紹下的投資者資源鏈接上的管理費用下調公告演示文稿。
The base management fee rate was reduced from 1.375% per annum to 1.0% per annum, in both cases based on the Company's average adjusted gross assets at the end of the two most recently completed calendar quarters, excluding cash and cash equivalents, and including assets purchased with borrowed funds. All other terms of the Company's Investment Advisory Agreement with its investment adviser remain unchanged. The new base management fee rate takes effect as of July 1, 2023.
基本管理費費率從每年1.375%降至每年1.0%，這兩種情況都是基於公司最近完成的兩個日曆季度末的平均調整後總資產，不包括現金和現金等價物，也包括用借來的資金購買的資產。本公司與其投資顧問簽訂的投資顧問協定的所有其他條款保持不變。新的基數管理費費率自2023年7月1日起施行。
"GBDC has sought to raise the bar for shareholder alignment in the BDC industry since its IPO in April 2010," said David Golub, Chief Executive Officer of the Company. "GBDC pioneered the cumulative incentive fee cap, which set the standard for aligning BDCs and investment advisers on long-term credit performance. Today's announcement reflects Golub Capital's ongoing commitment to aligning with GBDC's shareholders on the goal of long-term shared success."
該公司首席執行官David·戈盧布表示，自2010年4月首次公開募股以來，GBDC一直在尋求提高BDC行業股東結盟的標準。GBDC率先提出了累計激勵費用上限，這為BDC和投資顧問設定了長期信用業績一致的標準。今天的聲明反映了Golub Capital不斷致力於與GBDC的股東保持一致，以實現長期共享成功的目標。
The Company estimated that the new base management fee rate would increase GBDC's pro forma adjusted net investment income per share by approximately $0.10 per annum, or approximately 0.7% on adjusted net investment income return on equity per annum1,2.
本公司估計，新的基本管理費費率將使GBDC的預計調整後每股投資收入每年增加約0.10美元，或調整後淨投資收入股本回報率每年增加約0.7%。
"GBDC's robust growth since its IPO has generated efficiencies for the Company's investment adviser, and today's announcement means that more of those efficiencies will be shared with GBDC shareholders," said Matthew Benton, Chief Operating Officer of the Company. "We believe the lower base management fee rate enhances GBDC's fundamental earnings power across a range of market cycles and economic conditions."
該公司首席運營官Matthew Benton表示：“GBDC自首次公開募股以來的強勁增長為公司的投資顧問帶來了效率，今天的宣佈意味著更多的效率將與GBDC的股東分享。”我們認為，較低的基本管理費費率提高了GBDC在一系列市場週期和經濟狀況下的基本盈利能力。“
- See accompanying presentation titled "Golub Capital BDC, Inc. – Announces Management Fee Reduction" and the slide titled "Endnotes – Non-GAAP Financial Measures" for footnotes.
- Return on equity represents the return on average equity, calculated as the adjusted net investment income per share divided by the average net asset value per share as of quarter end for the two most recently completed quarters, and annualized by multiplying by four.
- 見所附的題為“Golub Capital BDC，Inc.--宣佈降低管理費”的演示文稿和題為“附註--非公認會計準則財務措施”的幻燈片註腳。
- 股本回報率是指平均股本回報率，計算方法為調整後的每股淨投資收入除以最近完成的兩個季度截至季度末的平均每股資產淨值，然後乘以4按年率計算。
譯文內容由第三人軟體翻譯。