Great Elm Capital Corp. (“GECC”) Declares $0.10 Per Common Share Special Cash Distribution
December 12 2023 - 4:15PM
Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC),
a business development company, today is pleased to declare a
special cash distribution of $0.10 per common share (the “Special
Distribution”). The Special Distribution will be payable on January
12, 2024 to stockholders of record as of December 29, 2023.
“We are very pleased to be able to deliver a
special cash distribution of $0.10 per common share to
stockholders,” said Matt Kaplan, GECC’s Chief Executive Officer.
“This special distribution is attributable to our portfolio’s
strong performance throughout 2023, including our net investment
income exceeding our regular quarterly distribution for each of the
first three quarters of the year, and underscores our unwavering
commitment to maximizing shareholder value.”
About Great Elm Capital Corp.
GECC is an externally managed business
development company that seeks to generate current income and
capital appreciation by investing in debt and income generating
equity securities, including investments in specialty finance
businesses.
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, rising interest rates,
inflationary pressure, 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 Securities and
Exchange Commission. 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
investorrelations@greatelmcap.com
Source: Great Elm Capital Corp.
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