GOLUB CAP BDC INC

Ticker: GBDC CUSIP: 38173M102 Class: COM

DENALI ADVISORS LLC's Holding History (CIK: 0001142941)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 372,620 Value ($000) $5,056 Avg Close $13.54 Range $12.90 - $14.02

Q3 2025

Shares 433,255 Value ($000) $5,931 Avg Close $14.01 Range $13.21 - $14.80

Q2 2025

Shares 542,148 Value ($000) $7,942 Avg Close $13.49 Range $11.70 - $14.15

Q1 2025

Shares 554,527 Value ($000) $8,396 Avg Close $13.93 Range $13.31 - $14.40

Q4 2024

Shares 541,003 Value ($000) $8,202 Avg Close $13.42 Range $12.92 - $13.85

Q3 2024

Shares 589,649 Value ($000) $8,910 Avg Close $12.89 Range $11.85 - $13.56

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	372,620	$5,056	$13.54	$12.90 - $14.02
Q3 2025	433,255	$5,931	$14.01	$13.21 - $14.80
Q2 2025	542,148	$7,942	$13.49	$11.70 - $14.15
Q1 2025	554,527	$8,396	$13.93	$13.31 - $14.40
Q4 2024	541,003	$8,202	$13.42	$12.92 - $13.85
Q3 2024	589,649	$8,910	$12.89	$11.85 - $13.56