Investigation Overview
An investigation on behalf of investors in shares of Golub Capital BDC, Inc. (NASDAQ: GBDC) was announced over potential breaches of fiduciary duties by certain officers and directors at Golub Capital BDC, Inc.
The investigation by a law firm concerns whether certain Golub Capital BDC directors breached their fiduciary duties and caused damage to the company and its shareholders.
Chicago, IL based Golub Capital BDC, Inc. is a business development company and operates as an externally managed closed-end non-diversified management investment company. Golub Capital BDC, Inc. reported that its Total Revenue rose from $127.87 million for the 12 months period that ended on September 30, 2016 to $137.76 million for the 12 months period that ended on September 30, 2017 and that its Net Income over those time periods increased from $69.2 million to $82.28 million.
Shares of Golub Capital BDC, Inc. (NASDAQ: GBDC) declined from $20.44 per share in May 2017 to as low as $16.33 per share in December 2018.