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Golub Capital Investment Corp (1627515) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Golub Capital Investment Corp

CIK: 1627515
GOLUB CAPITAL INVESTMENT CORPORATION INVESTOR PRESENTATION QUARTER ENDED MARCH 31, 2018


 
Disclaimer Some of the statements in this presentation constitute forward-looking statements, Such forward-looking statements may include statements preceded by, followed by which relate to future events or our future performance or financial condition. The or that otherwise include the words “may,” “might,” “will,” “intend,” “should,” “could,” forward-looking statements contained in this presentation involve risks and “can,” “would,” “expect,” “believe,” “estimate,” “anticipate,” “predict,” “potential,” “plan” uncertainties, including statements as to: our future operating results; our business or similar words. prospects and the prospects of our portfolio companies; the effect of investments We have based the forward-looking statements included in this presentation on that we expect to make and the competition for those investments; our contractual information available to us on the date of this presentation. Actual results could differ arrangements and relationships with third parties; completion of a public offering of materially from those anticipated in our forward-looking statements and future our securities or other liquidity event; actual and potential conflicts of interest with results could differ materially from historical performance. You are advised to GC Advisors LLC ("GC Advisors"), our investment adviser, and other affiliates of consult any additional disclosures that we may make directly to you or through Golub Capital LLC (collectively, "Golub Capital"); the dependence of our future reports that we have filed or in the future may file with the Securities and Exchange success on the general economy and its effect on the industries in which we invest; Commission (“SEC”). the ability of our portfolio companies to achieve their objectives; the use of borrowed money to finance a portion of our investments; the adequacy of our This presentation contains statistics and other data that have been obtained from or financing sources and working capital; the timing of cash flows, if any, from the compiled from information made available by third-party service providers. We have operations of our portfolio companies; general economic and political trends and not independently verified such statistics or data. other external factors; the ability of GC Advisors to locate suitable investments for In evaluating prior performance information in this presentation, you should us and to monitor and administer our investments; the ability of GC Advisors or its remember that past performance is not a guarantee, prediction or projection of affiliates to attract and retain highly talented professionals; our ability to qualify and future results, and there can be no assurance that we will achieve similar results in maintain our qualification as a regulated investment company and as a business the future. development company; general price and volume fluctuations in the stock markets; the impact on our business of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the rules and regulations issued thereunder and any actions toward repeal thereof; and the effect of changes to tax legislation and our tax position. 2


 
Summary of Quarterly Results Second Fiscal Quarter 2018 Highlights − Net increase in net assets resulting from operations (i.e. net income) for the quarter ended March 31, 2018 was $20.7 million, or $0.37 per share, resulting in an annualized return on equity of 10.0%, a record high for any quarter since inception. This compares to net income of $17.8 million, or $0.34 per share and an annualized return on equity of 9.1% for the quarter ended December 31, 2017. − Net investment income for the quarter ended March 31, 2018 was $17.7 million, or $0.32 per share, as compared to $15.8 million, or $0.30 per share for the quarter ended December 31, 2017. Excluding a $0.5 million accrual for the capital gain incentive fee under GAAP, net investment income for the quarter ended March 31, 2018 was $18.2 million, or $0.331 per share, as compared to $16.2 million, or $0.311 per share, excluding a $0.4 million accrual for the capital gain incentive fee under GAAP for the quarter ended December 31, 2017. − Net realized and unrealized gain on investments and foreign currency of $3.0 million, or $0.05 per share, for the quarter ended March 31, 2018 was the result of $0.6 million of net realized gains and $2.4 million of net unrealized appreciation. This compares to a net realized and unrealized gain on investments and foreign currency of $2.0 million, or $0.04 per share, for the quarter ended December 31, 2017. − New middle-market investment commitments totaled $185.4 million for the quarter ended March 31, 2018. Approximately 83% of the new investment commitments were one stop loans, 13% were senior secured loans, 3% were investments in GCIC SLF and 1% were investments in equity securities. Overall, total investments in portfolio companies at fair value increased by 4.1%, or $61.5 million, during the quarter ended March 31, 2018. 1. As a supplement to U.S. generally accepted accounting principles (“GAAP”) financial measures, Golub Capital Investment Corporation (“we,” “us,” “our,” “GCIC” and the “Company”) has provided this non-GAAP financial measure. The Company believes that this non-GAAP financial measure is useful as it excludes the accrual of the capital gain incentive fee which is not contractually payable under the terms of the Company’s investment advisory agreement with GC Advisors ( the “Investment Advisory Agreement”). The capital gain incentive fee payable as calculated under the Investment Advisory Agreement for the period ended March 31, 2018 is $0. However, in accordance with GAAP, the Company is required to include aggregate unrealized appreciation on investments in the calculation and accrue a capital gain incentive fee on a quarterly basis as if such unrealized capital appreciation were realized, even though such unrealized capital appreciation is not permitted to be considered in calculating the fee actually payable under the Investment Advisory Agreement. Although this non-GAAP financial measure is intended to enhance investors’ understanding of the Company’s business and performance, this non-GAAP financial measure should not be considered an alternative to GAAP. Refer to slide 4 for a reconciliation to the nearest GAAP measure, net investment income per weighted average share. 3


 
Financial Highlights Dollars in 000s Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Net income $ 12,694 $ 14,210 $ 13,397 $ 17,814 $ 20,708 Net investment income 10,944 14,247 14,309 15,781 17,695 Net realized/unrealized gain (loss) 1,750 (37) (912) 2,033 3,013 Distributions declared 12,694 14,210 13,397 17,814 20,708 Per Share 1 and Return on Equity 2 Statistics Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Earnings per weighted average share $ 0.30 $ 0.31 $ 0.28 $ 0.34 $ 0.37 Net investment income per weighted average share 0.26 0.31 0.30 0.30 0.32 Accrual for capital gain incentive fee per weighted average share 0.01 0.00 (0.01) 0.01 0.01 Net investment income before accrual for capital gain incentive fee 0.27 0.31 0.29 0.31 0.33 per weighted average share 3 Net realized/unrealized gain (loss) per weighted average share 0.04 0.00 (0.02) 0.04 0.05 Annualized return on equity – net income 8.2% 8.3% 7.3% 9.1% 10.0% Annualized return on equity – net investment income 7.1% 8.3% 7.8% 8.0% 8.6% Annualized return on equity – net investment income before accrual 7.3% 8.4% 7.7% 8.2% 8.8% for capital gain incentive fee 3,4 Net asset value $ 15.00 $ 15.00 $ 15.00 $ 15.00 $ 15.00 1. Per share returns are calculated based on the daily weighted average shares outstanding during the period presented. 2. Return on equity calculations are based on daily weighted average of total net assets during the period presented. 3. As a supplement to GAAP financial measures, the Company has provided this non-GAAP financial measure. The Company believes that this non-GAAP financial measure is useful as it excludes the accrual of the capital gain incentive fee which is not contractually payable under the terms of the Investment Advisory Agreement. The capital gain incentive fee payable as calculated under the Investment Advisory Agreement for the period ended March 31, 2018 is $0. However, in accordance with GAAP, the Company is required to include aggregate unrealized appreciation on investments in the calculation and accrue a capital gain incentive fee on a quarterly basis as if such unrealized capital appreciation were realized, even though such unrealized capital appreciation is not permitted to be considered in calculating the fee actually payable under the Investment Advisory Agreement. Although this non-GAAP financial measure is intended to enhance investors’ understanding of the Company’s business and performance, this non-GAAP financial measure should not be considered an alternative to GAAP. 4. The annualized return on equity – net investment income before accrual for capital gain incentive fee is calculated as (a) the net investment income before the reduction for the accrual for capital gain incentive fee for the period presented divided by (b) the daily average of total net assets. 4


 
Portfolio Highlights – New Originations Originations and Net Funds Growth − New investment commitments totaled $185.4 million for the quarter ended March 31, 2018. − Net growth in investments at fair value (after factoring in debt repayments and other portfolio activity) for the quarter ended March 31, 2018 was $61.5 million, a 4.1% increase from the quarter ended December 31, 2017. − During the quarter ended March 31, 2018, GCIC sold $21.0 million of investments and unfunded commitments at fair value to GCIC Senior Loan Fund LLC (“GCIC SLF”). Select Portfolio Funds Roll Data (in millions) Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 New Investment Commitments $ 101.2 $ 328.9 $ 173.2 $ 232.2 $ 185.4 Exits and Sales of Investments 1 31.5 112.1 68.0 95.3 101.2 Fair Value of Investments 1,167.4 1,304.0 1,397.7 1,513.1 1,574.6 Net Funds Growth 2 53.6 136.6 93.7 115.4 61.5 Asset Mix of New Originations Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Senior Secured 51% 11% 14% 24% 13% One Stop 48% 88% 85% 73% 83% Subordinated Debt 0% 0% 0% 0% 0% GCIC SLF 0% 0% 0% 2% 3% Equity 1% 1% 1% 1% 1% 1. Includes full and partial payoffs and sales, including sales to GCIC SLF. 2. Net funds growth includes the impact of new investments and exits of investments as noted in the table above, as well as other variables such as net fundings on revolvers, net change in unamortized fees, net change in unrealized gains (losses), etc. 5


 
Portfolio Highlights – Portfolio Diversity as of March 31, 2018 Investment Portfolio $1,511mm1 // 176 Investments1 – Average Size $8.6mm Historical Investment Portfolio ($mm) $1,700 $1,575 $1,600 $1,513 4% $1,500 4% 2% $1,398 2% $1,400 4% $1,304 1% $1,300 4% Inv. in GCIC 1% $1,200 $1,167 SLF 4% $1,100 1% Equity 84% $1,000 83% $900 83% Sub. Debt 2 $800 83% $700 82% One Stop $600 Senior $500 Secured $400 $300 $200 $100 11% 10% 13% 12% 12% $- Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 1. Excludes investment in GCIC SLF. 2. For all periods presented, the subordinated debt investments held represent an amount less than 1.0%. 6


 
Portfolio Highlights – Portfolio Diversity as of March 31, 2018 Diversity by Investment Size Industry Diversity of Investments GCIC SLF 4% Diversified/Conglomerate Service 27% Top 10 Investments 24% Healthcare, Education and Childcare 20% Electronics 8% Personal, Food and Miscellaneous Services 6% Retail Stores Remaining 6% Top 25 151 Investments Investments 51% Beverage, Food and Tobacco 5% 45% Leisure, Amusement, Motion Pictures, Entertainment 3% Interest Rate on Loans1 Buildings and Real Estate 3% Fixed - 0.3% Insurance 3% GCIC SLF 4% Other 15% 99.7% Floating 1. The percentage of fixed rate loans and floating rate loans is calculated using total debt investments at fair value and excludes equity investments. 7


 
Portfolio Highlights – Spread Analysis 10.0% Portfolio Rotation – Q2 Q3 Q4 Q1 Q2 9.0% Debt Investments 2017 2017 2017 2018 2018 9.0% 8.6% 8.5% 8.2% 7.9% Weighted average interest rate 6.6% 7.4% 7.3% 7.5% 8.5% 8.0% 8.4% of new investments 1 7.9% 7.8% 7.9% 7.0% 7.6% Weighted average interest rate on investments 6.7% 7.7% 6.9% 7.1% 8.1% 6.0% that were sold or paid-off 2 4.8% 5.0% 4.6% 4.6% 4.3% Weighted average spread over 3.9% LIBOR of new floating rate 5.6% 6.2% 6.0% 6.0% 6.6% 4.0% investments 2 4.2% 4.0% 4.0% 3.9% 3.9% 3.0% 2.3% Weighted average interest rate 1.7% N/A 7.5% N/A N/A 9.0% 2.0% of new fixed rate investments 1.3% 1.3% 1.1% Weighted average fees 1.0% 1.3% 1.4% 1.2% 1.3% 1.1% on new investments 0.0% Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Investment income yield 3 Income yield4 Weighted average cost of debt5 6 Weighted average net investment spread 3-Month London Interbank Offered Rate ("LIBOR") 1. Weighted average interest rate on new investments is based on the contractual interest rate at the time of funding. For variable rate loans that have a LIBOR or Prime rate option, the contractual rate is calculated using current LIBOR at the time of funding, the spread over LIBOR and the impact of any LIBOR floor. For variable rate loans that only have a Prime rate option, the contractual rate is calculated using current Prime at the time of funding, the spread over Prime and the impact of any Prime floor. For fixed rate loans, the contract rate is the stated fixed rate. 2. Excludes exits on investments on non-accrual status. 3. Investment income yield is calculated as (a) the actual amount earned on earning investments, including interest and fee income and amortization of capitalized fees and discounts, divided by (b) the daily average of total earning investments at fair value. 4. Income yield is calculated as (a) the actual amount earned on earning investments, including interest and fee income but excluding amortization of capitalized fees and discounts, divided by (b) the daily average of total earning investments at fair value. 5. The weighted average cost of debt is calculated as (a) the actual amount of expenses incurred on debt obligations divided by (b) the daily average of total debt obligations. 6. The weighted average net investment spread is calculated as (a) the investment income yield less (b) the weighted average cost of debt. 8


 
Portfolio Highlights – Credit Quality − Fundamental credit quality remained strong with over 90.0% of the investments in the portfolio having an Internal Performance Rating of 4 or higher as of March 31, 2018. As of March 31, 2018, there was one non-accrual portfolio company investment with a fair value of less than $0.1 million. Portfolio Risk Ratings September 30, 2017 December 31, 2017 March 31, 2018 Investments at % of Investments at % of Investments at % of Internal Fair Value Total Fair Value Total Fair Value Total Performance Rating (000s) Portfolio (000s) Portfolio (000s) Portfolio 5 $ 22,656 1.6% $ 43,056 2.8% $ 141,529 9.0% 4 $ 1,246,641 89.2% $ 1,343,033 88.8% $ 1,304,920 82.9% 3 $ 127,947 9.2% $ 124,712 8.2% $ 126,293 8.0% 2 $ 155 0.0%* $ 2,332 0.2% $ 1,866 0.1% 1 $ 302 0.0%* $ 16 0.0%* $ 16 0.0%* Total $ 1,397,701 100.0% $ 1,513,149 100.0% $ 1,574,624 100.0% Internal Performance Ratings Definition Rating Definition 5 Borrower is performing above expectations and the trends and risk factors are generally favorable 4 Borrower is generally performing as expected and the risk factors are neutral to favorable 3 Borrower may be out of compliance with debt covenants; however, loan payments are generally not past due 2 Borrower is performing materially below expectations and the loan’s risk has increased materially since origination 1 Borrower is performing substantially below expectations and the loan’s risk has substantially increased since origination * Represents an amount less than 0.1%. 9


 
Quarterly Statements of Financial Condition As of (Dollar amounts in 000s, March 31, 2017 June 30, 2017 September 30, 2017 December 31, 2017 March 31, 2018 except per share data) (unaudited) (unaudited) (audited) (unaudited) (unaudited) Assets Investments, at fair value $ 1,167,325 $ 1,303,960 $ 1,397,701 $ 1,513,149 $ 1,574,624 Cash, cash equivalents, and foreign currencies 15,164 5,220 22,859 9,412 8,400 Restricted cash and cash equivalents 37,642 42,516 28,272 25,686 37,153 Other assets 4,180 6,592 6,263 5,289 6,343 Total Assets $ 1,224,311 $ 1,358,288 $ 1,455,095 $ 1,553,536 $ 1,626,520 Liabilities and Net Assets Debt $ 571,900 $ 630,850 $ 670,200 $ 724,550 $ 733,300 Unamortized debt issuance costs (3,330) (2,910) (2,671) (2,129) (1,847) Payable for investments purchased 190 3,076 – 355 169 Interest payable 1,821 2,121 2,141 2,399 2,586 Management and incentive fee payable 6,267 7,315 7,536 8,451 9,498 Distributions payable 8,925 14,210 8,239 6,716 14,199 Other liabilities 6,963 1,186 1,430 1,353 1,320 Total Liabilities 592,736 655,848 686,875 741,695 759,225 Total Net Assets 631,575 702,440 768,220 811,841 867,295 Total Liabilities and Net Assets $ 1,224,311 $ 1,358,288 $ 1,455,095 $ 1,553,536 $ 1,626,520 Net Asset Value per Share $ 15.00 $ 15.00 $ 15.00 $ 15.00 $ 15.00 Regulatory leverage 0.91x 0.90x 0.88x 0.90x 0.85x Asset coverage 210.1% 211.0% 214.3% 211.7% 217.9% Common shares outstanding 42,104,997 46,829,344 51,214,684 54,122,735 57,819,693 10


 
Quarterly Operating Results For the quarter ended (Dollar amounts in 000s, March 31, 2017 June 30, 2017 September 30, 2017 December 31, 2017 March 31, 2018 except share and per share data) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) Investment Income Interest income $ 20,813 $ 24,498 $ 26,532 $ 29,071 $ 31,498 Dividend income 1,242 1,373 1,071 1,132 1,369 Fee income 65 827 8 391 897 Total Investment Income 22,120 26,698 27,611 30,594 33,764 Expenses Interest and other debt financing expenses 5,313 5,844 6,456 6,879 7,510 Base management fee, net of waiver 2,822 3,101 3,443 3,626 3,818 Incentive fee – net investment income, net of waiver 1,830 2,524 2,508 2,853 3,210 Incentive fee – capital gains 392 57 (101) 385 495 Other operating expenses 819 925 996 1,070 1,036 Total Expenses, net of waivers 11,176 12,451 13,302 14,813 16,069 Net Investment Income 10,944 14,247 14,309 15,781 17,695 Net Gain (Loss) on Investments and Foreign Currency Net realized gain (loss) on investments and foreign currency 134 91 997 (486) 580 transactions Net unrealized appreciation (depreciation) on investments and 1,616 (128) (1,909) 2,519 2,433 foreign currency translation Net gain (loss) on investments and foreign currency 1,750 (37) (912) 2,033 3,013 Net Increase in Net Assets Resulting from Operations $ 12,694 $ 14,210 $ 13,397 $ 17,814 $ 20,708 Per Share Data Earnings per weighted average share 1 $ 0.30 $ 0.31 $ 0.28 $ 0.34 $ 0.37 Net investment income per weighted average share 1 $ 0.26 $ 0.31 $ 0.30 $ 0.30 $ 0.32 Distributions paid per share 2 $ 0.30 $ 0.31 $ 0.28 $ 0.34 $ 0.37 Weighted average common shares outstanding 41,892,513 45,882,813 48,723,836 52,091,851 55,957,341 1. Per share data is calculated based on the daily weighted average shares outstanding during the period presented. 2. Per share data is based on (i) the total distributions paid for each respective record date during the period presented divided by (ii) the total number of shares outstanding on each respective record date. Please see slide titled “Common Stock and Distribution Information” included in this presentation for details on the distributions declared during the period. 11


 
Portfolio Highlights – GCIC Senior Loan Fund LLC − The annualized return for the quarter ended March 31, 2018 was 13.6%, as compared to 14.1% for the quarter ended December 31, 2017. The quarterly returns for the past two quarters were positively impacted from mark-to-market unrealized gains on middle market investments. − Total investments at fair value for the quarter ended March 31, 2018 were $184.5 million, a 6.1% increase from December 31, 2017 . − Subject to leverage and borrowing base restrictions, as of March 31, 2018, GCIC SLF had approximately $28.6 million of remaining commitments and $1.1 million of availability on its revolving credit facility. (Dollar amounts in 000s) As of March 31, 2017 June 30, 2017 September 30, 2017 December 31, 2017 March 31, 2018 Balance Sheet (unaudited) (unaudited) (audited) (unaudited) (unaudited) Total investments, at fair value $ 157,921 $ 142,889 $ 161,522 $ 173,919 $ 184,496 Cash and other assets 3,319 3,194 3,029 3,120 8,996 Total assets $ 161,240 $ 146,083 $ 164,551 $ 177,039 $ 193,492 Senior credit facility 102,000 90,450 108,150 113,250 121,400 Unamortized debt issuance costs (984) (916) (1,199) (1,043) (892) Other liabilities 312 1,557 338 419 431 Total liabilities 101,328 91,091 107,289 112,626 120,939 Subordinated debt and members’ equity 59,912 54,992 57,262 64,413 72,553 Total liabilities and members’ equity $ 161,240 $ 146,083 $ 164,551 $ 177,039 $ 193,492 Senior leverage 1.70x 1.64x 1.89x 1.76x 1.67x (Dollar amounts in 000s) For the three months ended March 31, 2017 June 30, 2017 September 30, 2017 December 31, 2017 March 31, 2018 GCIC Return on Investment in GCIC SLF (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) Total Income $ 1,343 $ 1,076 $ 432 $ 1,874 $ 2,030 Annualized return on total income 1 9.5% 8.2% 3.5% 14.1% 13.6% 1. GCIC’s annualized return on total income is calculated by dividing total income earned on our investments in GCIC SLF by the daily average of our investments in the net asset value of the GCIC SLF limited liability company equity interests. Annualized total return excludes the impact of management fees and incentive fees that may be charged by GC Advisors based on GCIC’s investments in GCIC SLF and the income from such investments. 12


 
Liquidity and Capital Subscriptions Cash and Cash Equivalents − Unrestricted cash and cash equivalents totaled $8.4 million as of March 31, 2018. − Restricted cash and cash equivalents totaled $37.2 million as of March 31, 2018. Restricted cash is held in our securitization vehicle and in our revolving credit facility and is reserved for quarterly interest payments and is also available for new investments that qualify for acquisition by these entities. Capital Subscriptions − As of March 31, 2018, we had total investor capital subscriptions of $1.2 billion and contributed capital of $797.7 million (64.0% called capital ratio). Debt Facilities - Availability − As of March 31, 2018, subject to leverage and borrowing base restrictions, we had approximately $14.2 million of remaining commitments and availability on our $420.0 million revolving credit facility with Wells Fargo. − As of March 31, 2018, our $75.0 million revolving credit facility with Sumitomo Mitsui Banking Corporation was fully drawn. − As of March 31, 2018, we had $40.0 million of remaining commitments and availability on our $40.0 million revolving credit facility with GC Advisors. 13


 
Debt Facilities 2016 Debt Securitization Par Amount Tranche Rating (M/S) ($mm) Interest Rate Stated Maturity Reinvestment Period Class A Notes Aaa / AAA $220.0 3 Month LIBOR + 2.15% August 8, 2028 August 8, 2020 Class B Notes Aa1 / N/A $32.5 3 Month LIBOR + 3.00% August 8, 2028 August 8, 2020 Total Notes Issued1 $252.5 Debt Facilities Outstanding Commitment Issuer ($mm) ($mm) Interest Rate Stated Maturity Reinvestment Period Wells Fargo Revolving Credit Facility $405.8 $420.0 1 Month LIBOR + 2.25% August 11, 2020 August 30, 2018 SMBC Revolving Credit Facility $75.0 $75.0 1 Month LIBOR + 1.60% May 17, 2018 N/A GC Advisors Revolver $0.0 $40.0 Applicable Federal Rate February 5, 2021 N/A 1. The Class C Notes, Class D Notes and LLC Equity Interests issued in the 2016 Debt Securitization, totaling $42.3 million, $28.6 million and $86.7 million, respectively, were retained by the Company. 14


 
Common Stock and Distribution Information Distributions Paid Amount Per Date Declared Record Date Earnings Period Shares Outstanding Payment Date Total Amount Share November 14, 2016 January 23, 2017 January 2017 41,769,495.016 February 27, 2017 $ 0.0902 $ 3,768,183 February 7, 2017 February 20, 2017 February 2017 41,769,495.016 May 19, 2017 0.1050 4,385,328 February 7, 2017 March 24, 2017 March 2017 42,104,997.486 May 19, 2017 0.1078 4,540,302 Total for Quarter Ended March 31, 2017 $ 0.3030 $ 12,693,813 February 7, 2017 April 30, 2017 April 2017 44,292,283.019 July 28, 2017 $ 0.1067 $ 4,726,827 May 4, 2017 May 18, 2017 May 2017 46,515,568.552 July 28, 2017 0.0982 4,566,043 May 4, 2017 June 16, 2017 June 2017 46,829,343.936 July 28, 2017 0.1050 4,916,564 Total for Quarter Ended June 30, 2017 $ 0.3099 $ 14,209,434 May 4, 2017 July 21, 2017 July 2017 46,829,343.936 September 25, 2017 $ 0.1102 $ 5,158,573 August 2, 2017 August 31, 2017 August 2017 49,551,036.707 November 27, 2017 0.0600 2,975,064 August 2, 2017 September 22, 2017 September 2017 49,551,036.707 November 27, 2017 0.1062 5,263,414 Total for Quarter Ended September 30, 2017 $ 0.2764 $ 13,397,051 August 2, 2017 October 23, 2017 October 2017 51,214,683.496 December 28, 2017 $ 0.1122 $ 5,745,578 November 17, 2017 November 24, 2017 November 2017 51,214,683.496 December 28, 2017 0.1045 5,352,573 November 17, 2017 December 26, 2017 December 2017 53,729,533.382 February 26, 2018 0.1250 6,716,120 Total for Quarter Ended December 31, 2017 $ 0.3417 $ 17,814,271 November 17, 2017 January 23, 2018 January 2018 54,122,735.354 February 26, 2018 $ 0.1202 $ 6,508,591 February 6, 2018 February 23, 2018 February 2018 55,530,517.674 May 23, 2018 0.1005 5,579,259 February 6, 2018 March 30, 2018 March 2018 57,819,693.450 May 23, 2018 0.1491 8,619,942 Total for Quarter Ended March 31, 2018 $ 0.3698 $ 20,707,792 15


 
Common Stock and Distribution Information Distributions Declared Amount Per Date Declared Record Date Earnings Period Shares Outstanding Payment Date Total Amount Share February 6, 2018 April 27, 2018 April 2018 57,819,693.450 July 24, 2018 TBD TBD May 4, 2018 May 18, 2018 May 2018 TBD July 24, 2018 TBD TBD May 4, 2018 June 15, 2018 June 2018 TBD July 24, 2018 TBD TBD May 4, 2018 July 21, 2018 July 2018 TBD September 25, 2018 TBD TBD 16


 

The following information was filed by Golub Capital Investment Corp on Thursday, May 10, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Golub Capital Investment Corp provided additional information to their SEC Filing as exhibits

CIK: 1627515
Form Type: 10-Q Quarterly Report
Accession Number: 0001627515-18-000027
Submitted to the SEC: Thu May 10 2018 4:06:38 PM EST
Accepted by the SEC: Thu May 10 2018
Period: Saturday, March 31, 2018
Industry: 1627515

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