Welcome to our dedicated page for Great Elm Capital news (Ticker: GECC), a resource for investors and traders seeking the latest updates and insights on Great Elm Capital stock.
Great Elm Capital Corp (GECC), a specialty finance company operating as a business development company (BDC), provides focused middle market debt solutions. This page serves as the definitive source for all official GECC announcements, offering investors and stakeholders timely access to material developments.
Find curated press releases covering earnings reports, debt portfolio updates, leadership changes, and regulatory filings. Our aggregation ensures comprehensive tracking of GECC's strategic initiatives in leveraged finance and capital markets. Key updates include dividend declarations, SEC Form 10-Q/K filings, and material investment activity disclosures.
Bookmark this page to monitor GECC's middle market positioning through verified news sources. Check regularly for updates on credit facility expansions, capital structure adjustments, and other events impacting shareholder value in the BDC sector.
Great Elm Capital Corp. (GECC) reported its fourth-quarter and full-year financial results for 2021, highlighting a net investment income of $7.1 million or $1.58 per share. The company experienced net unrealized losses of approximately ($23.6 million), primarily due to investments in Avanti. GECC successfully acquired Sterling Commercial Credit, enhancing its position in specialty finance. The Board approved a dividend of $0.45 per share for the second quarter of 2022, representing a 10.8% yield on NAV. The company underwent leadership changes, appointing Matt Kaplan as CEO and new board members.
Great Elm Capital Corp. (NASDAQ: GECC) announced a conference call on March 4, 2022, at 11:00 a.m. ET to discuss its financial results for Q4 and the full year ending December 31, 2021. The results will be released prior to the stock market opening on the same day. Interested participants can join the call by dialing (844) 820-8297 for U.S. and (661) 378-9758 for international access.
Great Elm Capital Corp. focuses on generating income and capital appreciation through debt and equity investments in specialty finance businesses.
Great Elm Capital Corp. (GECC) has acquired a majority equity interest in Sterling Commercial Credit, LLC for $7.54 million, comprising $4.94 million in cash and $2.60 million in GECC shares. This acquisition enhances GECC’s specialty finance platform, enabling the offering of asset-based loans to middle-market companies across the U.S. Sterling, established in 2004, will leverage this transaction to expand its lending products. CEO Edwin Small will continue to lead Sterling, with Michael Keller appointed as Chairman. The acquisition aims to provide greater capital solutions and foster growth.
Great Elm Capital Corp. (GECC) announced a 6-for-1 reverse stock split, effective February 28, 2022. This means that every six shares of the Company's common stock will be consolidated into one share. Fractional shares will be redeemed for cash at the market price prior to the effective date. The move is part of the company's strategy to enhance shareholder value and improve its stock price.
GECC, a business development company, aims to generate both current income and capital appreciation through debt and equity investments.
Great Elm Capital Corp. (GECC) announced a fourth quarter 2021 cash distribution of $0.10 per share, payable on December 30, 2021. The record date for stockholders is December 15, 2021. GECC, a business development company, focuses on generating current income and capital appreciation through strategic investments, including in specialty finance businesses. The company cautions that forward-looking statements may involve risks and uncertainties, specifically related to credit market conditions and the economic impact of the COVID-19 pandemic.
Great Elm Specialty Finance, a subsidiary of Great Elm Capital Corp. (GECC), has appointed Michael P. Keller to lead its private direct lending efforts, particularly in asset-based lending and subordinated debt investing. Keller brings over $20 billion in asset management experience and aims to expand GECC’s influence in specialty finance markets. CEO Peter Reed expressed confidence in Keller's abilities to enhance the company's lending strategies, facilitating organic growth and acquisitions to drive shareholder value.
Great Elm Capital Corp. (GECC) reported its third-quarter financial results for 2021, showing a net investment income (NII) of $1.6 million, down from $2.1 million in Q2 2021. NII per share decreased to $0.07, impacted by legal fees related to a legacy investment. The company acquired a majority stake in Lenders Funding, enhancing its specialty finance platform, and issued $13.25 million in equity. Net assets grew to $99.4 million, but NAV per share dropped to $3.70. A quarterly dividend of $0.10 per share for Q1 2022 has been approved.
Great Elm Capital Corp. (GECC) has announced a conference call on November 5, 2021, at 11:00 a.m. ET to discuss its third-quarter financial results for the period ending on September 30, 2021. The results will be released before the market opens on the same day. Investors can join the call by dialing in approximately five minutes early and providing the passcode 'GECC'. Additionally, a presentation will be available on the company's website, showcasing its focus on generating income and capital appreciation through debt and equity investments.
Great Elm Capital Corp. (GECC) has announced the acquisition of a majority equity interest in Lenders Funding, LLC for $7.25 million, comprising $4 million in cash and $3.25 million in GECC shares. Lenders Funding specializes in providing risk-sharing funding solutions for asset-based lenders since 2000. The acquisition aims to enhance GECC's focus on specialty finance and leverage Lenders Funding's extensive network and experience in the capital market. This partnership is expected to improve revenue streams for both entities.
Great Elm Capital Corp. (GECC) announced a cash distribution of $0.10 per share for the third quarter of 2021, payable on September 30, 2021, to stockholders recorded as of September 15, 2021. GECC operates as a business development company focusing on investments in debt and equity securities to generate income and capital appreciation. They are regulated under the Investment Company Act of 1940. The company cautions that forward-looking statements are subject to risks, including market conditions and impacts from the COVID-19 pandemic.
