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) announced that its 2023 Annual Stockholders’ Meeting is scheduled for June 1, 2023. Stockholders of record as of April 10, 2023, will receive a notice of the meeting and proxy statement around April 21, 2023. GECC is a business development company focused on generating current income and capital appreciation through investments in debt and income-generating equity securities, particularly in specialty finance businesses.
Great Elm Capital Corp. (GECC) announced its financial results for Q4 and the full year ending December 31, 2022. The company reported a net investment income (NII) of $2.3 million, or $0.30 per share, more than doubling from $1.1 million in Q3 2022. However, net assets decreased to $84.8 million from $95.5 million in the previous quarter, largely due to unrealized losses. GECC's asset coverage ratio stood at 154.4%. The company declared a quarterly dividend of $0.35 per share, yielding 12.5% based on year-end NAV. GECC also launched a new healthcare financing venture with Berkadia, aiming to enhance its investment strategy.
Great Elm Capital Corp. (NASDAQ: GECC) announced a conference call scheduled for March 2, 2023 at 8:30 a.m. ET to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The earnings release will be available before the market opens on the same day. Investors can access the call via a dial-in number or a webcast through the company's Investor Relations section. Great Elm Capital Corp. focuses on generating income and capital appreciation through investments in debt and equity securities in specialty finance.
Great Elm Capital Corp. (GECC) has launched Great Elm Healthcare Finance (GEHF) in partnership with Berkadia, targeting US healthcare sector funding. Led by industry veteran Michael Gervais as CEO, GEHF aims to provide capital for working capital, refinancing, acquisition, and recapitalization across various healthcare facilities. This venture, leveraging GECC's existing infrastructure and Berkadia's expertise, promises to capitalize on growing investment opportunities in healthcare. The management team boasts over 30 years of combined experience in healthcare finance.
Great Elm Capital Corp. (GECC) announced its third-quarter financial results for 2022, reporting a net investment income (NII) of $1.1 million, or $0.14 per share. The company experienced a decline in net assets to $95.5 million from $97.6 million in the previous quarter. NAV per share also fell to $12.56 from $12.84. The board approved a $0.45 quarterly dividend for Q4 2022, yielding 14.3% based on September's NAV. The formation of Great Elm Healthcare Finance was highlighted as a key development, aiming to support healthcare-related businesses.
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