GBDC Provides Preliminary Estimates: 1%+ NAV Growth, Hit Best Case
Recent Updates
GBDC Update
GBDC provided preliminary estimates of its financial condition and results of its operations for the three months ended June 30, 2021, as such information was also included in a preliminary prospectus for additional notes being offered:
Key takeaways from the announcement:
NAV per share increased by 1.1% to 1.5%
Earnings likely hit its 'best case' projections of $0.29 fully covering its dividend. See “GBDC Projections/Pricing Update: June 2021” for details including target prices and recommendations.
During the quarter ended June 30, 2021, the Company estimates that no new investments were added to non-accrual status and the number of non-accrual investments remained unchanged at six investments as compared to March 31, 2021.
Set forth in the table below are certain preliminary estimates of its financial condition and results of its operations for the three months ended June 30, 2021:
The Company intends to announce the final results of operations for the three months ended June 30, 2021, on August 9, 2021, after the markets close.
