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. reports business development company developments tied to its debt and income-generating equity investment portfolio. News commonly covers quarterly financial results, net asset value, net investment income, distributions, liquidity, revolving credit availability, private credit deployment and portfolio diversification.
Company updates also address portfolio credit events, non-accrual investments, CLO joint venture distributions, common-stock issuance, share repurchase authorization, note offerings or redemptions, adviser fee matters and board or executive leadership changes. GECC is externally managed by Great Elm Capital Management, LLC and operates with an investment objective of current income and capital appreciation.
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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.