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Table search / Golub Capital Direct Lending Unlevered LLC / "Reimbursement"

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Golub Capital Direct Lending Unlevered LLC

Year ended September 30, 2024	Year ended September 30, 2023			Period from April 1, 2022 (commencement of operations) to September 30, 2022
Investment income						Interest income			$			24,617	$	8,822	$	964	Payment-in-kind interest income	1,609			739	36	Dividend income	73			52	—	Fee income	113			21	5	Total investment income	26,412			9,634	1,005	Expenses				Base management fee			2,150			832	114	Incentive fee	2,739			930	70	Professional fees	520			688	371	Administrative service fee	258			103	3	General and administrative expenses	149			101	43	Total expenses	5,816			2,654	601	Base management fee waived (Note 4)	(999)			(676)	(114)	Incentive fee waived (Note 4)	—			(319)	(70)	Operating expenses reimbursement waived (Note 4)	—			(195)	(417)	Net expenses	4,817			1,464	—	Net investment income - before tax	21,595			8,170	1,005	Excise tax	28			40	—	Net investment income - after tax	21,567			8,130	1,005	Net gain (loss) on investment transactions							Net realized gain (loss) from:									Investments			10			7	—	Forward currency contracts	(211)			—	—	Foreign currency transactions	17			6	(29)	Net realized gain (loss) on investment transactions	(184)			13	(29)	Net change in unrealized appreciation (depreciation) from:							Investments			3,013			847	(149)	Forward currency contracts	9			(194)	—	Translation of assets and liabilities in foreign currencies	248			204	(130)	Net change in unrealized appreciation (depreciation) on investment transactions	3,270			857	(279)	Net gain (loss) on investment transactions	3,086			870	(308)	Net increase (decrease) in net assets resulting from operations	$			24,653	$	9,000	$	697	Per Common Share Data							Basic and diluted earnings (losses) per common share (Note 12)			$			1.60	$	1.47	$	0.30	Basic and diluted weighted average common shares outstanding (Note 12)	15,431,006			6,113,779	2,292,083

27 Nov 24

5:02pm

Golub Capital Direct Lending Unlevered LLC

Year ended	Variances
September 30, 2024			September 30, 2023			2024 vs. 2023
(In thousands)
Base management fee, net of waiver			$			1,151	$	156	$	995	Income incentive fee, net of waiver	2,431			555	1,876	Capital gain incentive fee accrued under GAAP	308			56	252	Professional fees	520			688	(168)	Administrative service fee	258			103	155	General and administrative expenses	149			101	48	Operating expenses reimbursement waived	—			(195)	195	Net expenses	$			4,817	$	1,464	$	3,353

27 Nov 24

5:02pm

Golub Capital Direct Lending Unlevered LLC

Quarterly report

Three months ended	Variances			Nine months ended			Variances
June 30, 2024			March 31, 2024			June 30, 2024 vs. March 31, 2024			June 30, 2024			June 30, 2023			June 30, 2024 vs. June 30, 2023
(In thousands)
Base management fee, net of waiver			$	385	$	161	$	224	$	668	$	73	$	595	Income incentive fee, net of waiver	628		556	72	1,609	278	1,331	Capital gain incentive fee accrued under GAAP	114		137	(23)	273	27	246	Professional fees	190		212	(22)	595	539	56	Administrative service fee	75		58	17	173	69	104	General and administrative expenses	22		25	(3)	105	64	41	Operating expenses reimbursement waived	—		—	—	—	(195)	195	Net expenses	$	1,414	$	1,149	$	265	$	3,423	$	855	$	2,568

8 Aug 24

4:16pm

Golub Capital Direct Lending Unlevered LLC

Quarterly report

Three months ended June 30,	Nine months ended June 30,
2024			2023			2024			2023
Investment income									Interest income			$	6,542	$	2,378	$	16,456	$	6,067	Payment-in-kind interest income	362		210	1,090	439	Dividend income	19		13	52	35	Fee income	22		5	56	14	Total investment income	6,945		2,606	17,654	6,555	Expenses
Base management fee			578		219	1,427	582	Incentive fee	742		258	1,882	624	Professional fees	190		178	595	539	Administrative service fee	75		29	173	69	General and administrative expenses	22		20	105	64	Total expenses	1,607		704	4,182	1,878	Base management fee waived (Note 4)	(193)		(146)	(759)	(509)	Incentive fee waived (Note 4)	—		—	—	(319)	Operating expenses reimbursement waived (Note 4)	—		—	—	(195)	Net expenses	1,414		558	3,423	855	Net investment income - before tax	5,531		2,048	14,231	5,700	Excise tax	—		—	28	40	Net investment income - after tax	5,531		2,048	14,203	5,660	Net gain (loss) on investment transactions
Net realized gain (loss) from:
Investments			—		—	(3)	—	Forward currency contracts	—		—	(211)	—	Foreign currency transactions	1		(1)	8	7	Net realized gain (loss) on investment transactions	1		(1)	(206)	7	Net change in unrealized appreciation (depreciation) from:
Investments			1,132		260	2,713	551	Forward currency contracts	17		(40)	147	(290)	Translation of assets and liabilities in foreign currencies	(11)		56	76	314	Net change in unrealized appreciation (depreciation) on investment transactions	1,138		276	2,936	575	Net gain (loss) on investment transactions	1,139		275	2,730	582	Net increase (decrease) in net assets resulting from operations	$	6,670	$	2,323	$	16,933	$	6,242	Per Common Share Data
Basic and diluted earnings (losses) per common share (Note 11)			$	0.40	$	0.37	$	1.23	$	1.10	Basic and diluted weighted average common shares outstanding (Note 11)	16,619,869		6,301,927	13,766,511	5,699,765

8 Aug 24

4:16pm

Golub Capital Direct Lending Unlevered LLC

Quarterly report

Three months ended March 31,	Six months ended March 31,
2024			2023			2024			2023
Investment income									Interest income			$	5,638	$	2,046	$	9,914	$	3,689	Payment-in-kind interest income	351		159	728	229	Dividend income	19		12	33	22	Fee income	21		5	34	9	Total investment income	6,029		2,222	10,709	3,949	Expenses
Base management fee			482		194	849	363	Incentive fee	693		196	1,140	366	Professional fees	212		204	405	361	Administrative service fee	58		24	98	40	General and administrative expenses	25		22	83	44	Total expenses	1,470		640	2,575	1,174	Base management fee waived (Note 4)	(321)		(194)	(566)	(363)	Incentive fee waived (Note 4)	—		(149)	—	(319)	Operating expenses reimbursement waived (Note 4)	—		—	—	(195)	Net expenses	1,149		297	2,009	297	Net investment income - before tax	4,880		1,925	8,700	3,652	Excise tax	8		10	28	40	Net investment income - after tax	4,872		1,915	8,672	3,612	Net gain (loss) on investment transactions
Net realized gain (loss) from:
Investments			—		—	(3)	—	Forward currency contracts	—		—	(211)	—	Foreign currency transactions	3		(1)	7	8	Net realized gain (loss) on investment transactions	3		(1)	(207)	8	Net change in unrealized appreciation (depreciation) from:
Investments			1,359		459	1,581	291	Forward currency contracts	63		(38)	130	(250)	Translation of assets and liabilities in foreign currencies	(58)		47	87	258	Net change in unrealized appreciation (depreciation) on investment transactions	1,364		468	1,798	299	Net gain (loss) on investment transactions	1,367		467	1,591	307	Net increase (decrease) in net assets resulting from operations	$	6,239	$	2,382	$	10,263	$	3,919	Per Common Share Data
Basic and diluted earnings (losses) per common share (Note 11)			$	0.46	$	0.41	$	0.83	$	0.72	Basic and diluted weighted average common shares outstanding (Note 11)	13,659,922		5,860,405	12,347,628	5,398,684

14 May 24

12:12pm

Quarterly report

14 May 24

12:12pm

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Quarterly report

14 Feb 24

3:26pm

Quarterly report

14 Feb 24

3:26pm

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