Great Elm Capital Corp. Declares Special Distribution of $0.05 Per Share
December 20 2019 - 6:00AM
Great Elm Capital Corp. (“we,” “us,” “our” or “GECC”) (NASDAQ:
GECC) today announced that its Board of Directors declared a
special distribution of $0.05 per share, which is payable on
January 27, 2020 to stockholders of record as of December 27, 2019.
“We are pleased to announce a year-end special
distribution for the third consecutive year,” remarked Peter A.
Reed, GECC’s Chief Executive Officer. “When combined with our $1.00
annual base distribution, this $0.05 special distribution brings
our 2019 total distributions to $1.05, representing a total
distribution yield of approximately 11.6% on our 9/30/19 NAV.”
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 targets special situations
and catalyst-driven investments as it 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 and the performance
of GECC’s portfolio and investment manager. 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)
375-3006investorrelations@greatelmcap.com
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