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Goldman Sachs Asset Management Goldman Sachs BDC , Inc. Goldman Sachs BDC , Inc. Reports March 31 , 2021 Financial Results and Announces Quarterly Dividend of $ 0.45 Per Share Company Release - May 6 , 2021 NEW YORK - ( BUSINESS WIRE ) - Goldman Sachs BDC , Inc. ( “ GSBD ” or the “ Company ” ) ( NYSE : GSBD ) today reported financial results for the first quarter ended March 31 , 2021 and filed its Form 10 - Q with the U.S. Securities and Exchange Commission . QUARTERLY HIGHLIGHTS • Net investment income per share for the quarter ended March 31 , 2021 was $ 0.57 . Excluding purchase discount amortization per share of $ 0.09 from the Merger ( as defined below ) , adjusted net investment income per share was $ 0.48 , equating to an annualized net investment income yield on book value of 12.0 % .¹ Earnings per share for the quarter ended March 31 , 2021 was $ 0.60 ; Net asset value per share for the quarter ended March 31 , 2021 increased 0.6 % to $ 16.00 from $ 15.91 as of December 31 , 2020. The Company's net debt to equity ratio was approximately flat , at 0.96x as of March 31 , 2021 versus 1.00x as of December 31 , 2020 ; The Board declared a regular second quarter dividend of $ 0.45 per share payable to shareholders of record as of June 30 , 2021 ; ² In addition , the Company paid a special dividend of $ 0.05 per share on March 15 , 2021 , which is the first of its three equal quarterly installments of special dividends aggregating to $ 0.15 j per share ; During the quarter , the Company made new investment commitments of $ 188.3 million and had fundings of previously unfunded commitments of $ 44.7 million . Sales and repayments activity totaled $ 254.0 million , resulting in a net funded portfolio change of $ ( 58.2 ) million ; As of March 31 , 2021 , the Company's total investments at fair value and commitments were $ 3,426.4 million , comprised of investments in 118 portfolio companies across 38 industries . The investment portfolio was comprised of 96.8 % senior secured debt , including 82.4 % in first lien investments ; ³ No new investments were placed on non - accrual during the quarter , and as of March 31 , 2021 , investments on non - accrual status represented 0.3 % and 0.7 % of the total investment portfolio at fair value and amortized cost , respectively . The percentage of non- accrual investments was unchanged compared to December 31 , 2020 ; As of March 31 , 2021 , 63 % of the Company's approximately $ 1,608.0 million of total principal amount of debt outstanding was in unsecured debt and 37 % in secured debt . SELECTED FINANCIAL HIGHLIGHTS ( in $ millions , except per share data ) Investment portfolio , at fair value³ Total debt outstanding Net assets Net asset value per share Net debt to equity As of March 31 , 2021 As of December 31 , 2020 $ 3,202.6 $ 3.242.8 $ 1,608.0 $ 1,644.4 $ 1,625.9 $ 1,615.1 $ 16.00 $ 15.91 0.96x 1.00x