Great Elm Capital Corporation (NASDAQ:GECC ) Q4 2024 Results Conference Call March 11, 2025 8:30 AM ET Company Participants Matt Kaplan - Chief Executive Officer Keri Davis - Chief Financial Officer Mike Keller - President, Great Elm Specialty Finance Conference Call Participants Mickey Schleien - Ladenburg Thalmann Erik Zwick - Lucid Capital Markets Operator Greetings, and welcome to the Great Elm Capital Corporation Fourth Quarter 2024 Financial Results Call. [Operator Instructions] As a reminder, this conference is being recorded.
Company to Host Conference Call and Webcast at 8:30 AM ET on March 11, 2025 Company to Host Conference Call and Webcast at 8:30 AM ET on March 11, 2025
PALM BEACH GARDENS, Fla., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today is pleased to declare a special cash distribution of $0.05 per common share (the “Special Distribution”). The Special Distribution will be payable on January 15, 2025 to stockholders of record as of December 31, 2024.
Great Elm Capital Corporation has shown significant improvements in net investment income, liquidity, and capital deployment, doubling the previous year's amount. Despite these positive developments, GECC's smaller size and predominantly floating rate portfolio pose risks, especially with declining interest rates. GECC's dividend coverage has strengthened, with a current coverage ratio of 111%, making the 13% yield likely safe in the near term.
Great Elm Capital (GECC) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.40 per share a year ago.
PALM BEACH GARDENS, Fla., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (“we,” “our,” the “Company” or “GECC”) (NASDAQ: GECC), a business development company, today announced its financial results for the third quarter ended September 30, 2024.
Conference Call Scheduled for Thursday, October 31, 2024 at 8:30 a.m. ET Conference Call Scheduled for Thursday, October 31, 2024 at 8:30 a.m. ET
PALM BEACH GARDENS, Fla., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today that it has caused notices to be issued to the holders of its 6.75% Notes due 2025 (CUSIP No. 390320 406; NASDAQ: GECCM) (the “Notes”) regarding the Company's exercise of its conditional option to redeem, in whole, the issued and outstanding Notes, pursuant to Section 1104 of the Indenture, dated as of September 18, 2017, by and between the Company and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as trustee (the “Trustee”), and Section 1.01(h) of the Second Supplemental Indenture, dated as of January 19, 2018, by and between the Company and the Trustee. The Company will redeem all of the issued and outstanding Notes on October 12, 2024 (the “Redemption Date”), subject to the condition precedent that the Company closes its public offering of 8.125% Notes due 2029 (the “2029 Notes Offering”). At the Company's discretion, the Redemption Date may be delayed until such time (including more than 60 days after the date hereof) as the 2029 Notes Offering has been completed, or the redemption of the Notes may not occur and the notices to the holder of the Notes may be rescinded if the 2029 Notes Offering is not completed by the Redemption Date or by the date to which the Redemption Date is delayed. The Notes will be redeemed at 100% of their principal amount, plus accrued and unpaid interest thereon from September 30, 2024, through, but excluding, the Redemption Date (the “Redemption Price”). Questions relating to the notice of redemption should be directed to Equiniti Trust Company, LLC via telephone at 1 (800) 937–5449.
Conference Call Scheduled for Thursday, August 1, 2024 at 5:00 p.m. ET Conference Call Scheduled for Thursday, August 1, 2024 at 5:00 p.m. ET
PALM BEACH GARDENS, Fla., July 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today announced it issued $22 million of additional 8.50% notes due 2029 (the “GECCI Notes”) in a registered direct offering to an institutional investor.