Great Elm Capital Corp. Announces Record and Payment Dates For First Quarter 2021 Quarterly Cash Distribution of $0.10 Per Share

Rhea-AI Summary

Great Elm Capital Corp. (GECC) has announced a quarterly cash distribution of $0.10 per share, payable on March 31, 2021, to stockholders of record by March 15, 2021. GECC, a business development company, focuses on investing in middle market companies through debt instruments. The firm aims to deliver attractive, risk-adjusted returns via both current income and capital appreciation.

This announcement follows their previous earnings disclosure and highlights GECC's ongoing commitment to providing value to its shareholders.

Positive

• Quarterly cash distribution of $0.10 per share scheduled for March 31, 2021.
• Focus on generating attractive, risk-adjusted returns through investments in middle market companies.

Negative

• None.

WALTHAM, Mass., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (“we,” “us,” “our,” or “GECC,”) (NASDAQ: GECC), a business development company (BDC), today announced that the previously announced first quarter 2021 quarterly cash distribution of $0.10 per share is payable on March 31, 2021 to stockholders of record as of March 15, 2021.   

About Great Elm Capital Corp.
Great Elm Capital Corp. is an externally managed, specialty finance company focused on investing in debt instruments of middle market companies. GECC elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. GECC seeks to generate attractive, risk-adjusted returns through both current income and capital appreciation.

Cautionary Statement Regarding Forward-Looking Statements
Statements in this communication that are not historical facts are “forward-looking” statements within the meaning of the federal securities laws. These statements are often, but not always, made through the use of words or phrases such as “expect,” “anticipate,” “should,” “will,” “estimate,” “designed,” “seek,” “continue,” “upside,” “potential” and similar expressions. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are: conditions in the credit markets, the price of GECC common stock, the performance of GECC’s portfolio and investment manager and risks associated with the economic impact of the COVID-19 pandemic on GECC and its portfolio companies. Information concerning these and other factors can be found in GECC’s Annual Report on Form 10-K and other reports filed with the SEC. GECC assumes no obligation to, and expressly disclaims any duty to, update any forward-looking statements contained in this communication or to conform prior statements to actual results or revised expectations except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.

This press release does not constitute an offer of any securities for sale.

Media & Investor Contact:
Investor Relations
+1 (617) 375-3006
investorrelations@greatelmcap.com

Adam Prior
The Equity Group Inc.
+1 (212) 836-9606
aprior@equityny.com

FAQ

What is the quarterly cash distribution amount announced by GECC?

GECC announced a quarterly cash distribution of $0.10 per share.

When is the cash distribution payable to GECC stockholders?

The cash distribution is payable on March 31, 2021, to stockholders of record as of March 15, 2021.

What type of company is Great Elm Capital Corp.?

Great Elm Capital Corp. is a business development company focused on investing in debt instruments of middle market companies.

What is the purpose of GECC's investments?

GECC aims to generate attractive, risk-adjusted returns through current income and capital appreciation.