Klaus Vedfelt Golub Capital BDC Inc. (NASDAQ:GBDC) is selling for a reasonable 8% premium to net asset value considering the strength of the business development company’s underlying excess dividend coverage and adjusted net investment income growth. Golub Capital BDC paid out only 84% of its adjusted net investment income in the last year and has consistently distributed excess portfolio income as special dividends. I think that the 8% for Golub Capital is reasonable considering that the business devel ...