Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) to Issue $0.53 Quarterly Dividend

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) announced a quarterly dividend on Saturday, May 16th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.5253 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Monday, June 15th.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Stock Performance

NASDAQ:GECCI traded down $0.06 on Friday, hitting $25.34. 460 shares of the stock were exchanged, compared to its average volume of 3,644. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a 52 week low of $24.87 and a 52 week high of $25.72. The company’s 50-day moving average price is $25.31 and its 200 day moving average price is $25.31.

Great Elm Capital Corp is a closed-end management investment company organized as a business development company under the Investment Company Act of 1940. The firm focuses on providing customized debt financing solutions to privately held, lower-middle market companies across North America. Its investment strategy emphasizes senior secured loans and structured credit instruments designed to meet the unique capital needs of growing businesses.

The 8.50% Notes due 2029 form an integral part of Great Elm Capital’s capital structure, offering long-term funding that supports its portfolio of credit investments.