FCRD - Conservative Portfolio Safely Paying Investors 7.3%: Golub Capital

• This article discusses GBDC currently yielding 7.3% and will likely outperform due to recent portfolio growth, investor-friendly fee structure, low operating expenses, a high-quality portfolio, and improved balance sheet.
• Recent SEC filings indicate 10% portfolio growth during calendar Q3 which will have a meaningful impact on dividend coverage as shown in this article.
• GBDC is considered lower risk for many reasons including its higher credit quality portfolio of mostly lower yield first-lien and one-stop loans with strong covenant and security protections.
• Management continues to purchase shares including an additional $40 million over the last 12 months.

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