Full Circle Capital Corporation (FULL)

[Enterprising Investor]

Full Circle Capital Corporation Stockholders Approve Merger With Great Elm Capital Corporation (10/31/16)

Transaction Expected to Close in Early November 2016

GREENWICH, Conn., Oct. 31, 2016 (GLOBE NEWSWIRE) -- Full Circle Capital Corporation (“Full Circle”) (NASDAQ:FULL) today announced that its stockholders have approved its merger (the "Merger") with Great Elm Capital Corporation (“Great Elm”). Approximately 84% of the votes cast by Full Circle’s stockholders were in favor of the Merger. The Merger is expected to become effective on November 3, 2016.

“We are excited to enter into this next chapter and thank Full Circle stockholders for their considerable support for the merger,” said Peter A. Reed, Chief Executive Officer of Great Elm. “We are ready to utilize our significant experience in middle market credit investing as we seek to generate both capital appreciation and interest income over the long-term and to deliver a sustainable regular distribution to our stockholders.”

“We want to thank our stockholders for their support, and we look forward to completing the merger with Great Elm,” said Gregg J. Felton, Chief Executive Officer of Full Circle.

When the Merger becomes effective, Full Circle’s stockholders will be entitled to receive a special cash distribution of $0.24 per share, and each outstanding share of Full Circle common stock will be converted into the right to receive 0.2219 of a share of Great Elm common stock. Great Elm intends to begin making monthly distributions to its stockholders beginning in the second full calendar month after the completion of the Merger. Following the Merger, Great Elm’s shares of common stock will trade on NASDAQ under the ticker symbol “GECC”.

Houlihan Lokey served as exclusive financial advisor to the special committee of Full Circle’s board of directors. Clifford Chance US LLP advised the special committee, and Sutherland Asbill & Brennan LLP is counsel to Full Circle.

Skadden, Arps, Slate, Meagher & Flom LLP, Schulte Roth & Zabel LLP and Akin Gump Strauss Hauer & Feld LLP are legal counsel for the acquisition group.

About Full Circle Capital Corporation

Full Circle Capital Corporation (www.fccapital.com) is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Full Circle lends to and invests in senior secured loans and, to a lesser extent, mezzanine loans and equity securities issued by lower middle-market companies that operate in a diverse range of industries. For additional information visit Full Circle’s website www.fccapital.com.

About MAST Capital Management

Founded in 2002, MAST Capital Management, LLC ("MAST") is an SEC-registered investment adviser that specializes in event-driven and credit investments, focusing predominantly on middle market opportunities. Currently, MAST manages and sub-advises approximately $900 million for sophisticated institutional and family office investors globally. The Boston-based firm is employee-owned with a minority stake held by Dyal Capital Partners, a subsidiary of Neuberger Berman.

About Great Elm Capital Group, Inc.

Great Elm Capital Group ("GECG") is a NASDAQ listed holding company headquartered in Boston, Massachusetts. Additional information about GECG is available on its website at www.greatelmcap.com.

http://www.globenewswire.com/news-release/2016/10/31/884939/0/en/Full-Circle-Capital-Corporation-Stockholders-Approve-Merger-With-Great-Elm-Capital-Corporation.html

[tedkov]

Full Circle Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
August 1, 2016
Tags: NewsPoints Full Circle Great Elm United States Corporate Affairs Mergers &
Acquisitions

Full Circle Capital Corp. shareholders are upset with the purchase of the Company by Great Elm. Full Circle shareholders will own approximately 38% of the combined company.
The shareholders contend that there are inherent conflicts of interest, and
that the purchase price is insufficient in light of the company's growth
prospects.

Full Circle did not immediately respond to requests for a comment.

To contact the law firm handling on behalf of shareholders of
Full Circle for more information call toll free 800.511.7037

[RRSilverShadow]

Proposed Merger News:

Full Circle Capital's (FULL) CEO Gregg Felton on Proposed Merger with Great Elm Capital Corporation (Transcript) >FULL
1 day 4 hours 3 minutes ago - DJNF
From Seeking Alpha: Full Circle Capital's (FULL) CEO Gregg Felton on Proposed Merger with Great Elm Capital Corporation (Transcript) http://seekingalpha.com/a/2de7y?p=djnw

(END) Dow Jones Newswires

June 24, 2016 12:17 ET (16:17 GMT)

[zingding18]

Lots of buying here in the last ten minutes of trading

[zingding18]

Lots of buying here in the last ten minutes of trading

[$Pistol Pete$]

$FULL 6 Months Analysis For Review

http://www.stockta.com/cgi-bin/analysis.pl?symb=FULL&num1=1&cobrand=windchart&mode=stock

[dvan]

Tax loss selling part 2

http://seekingalpha.com/article/3735686-tax-loss-harvesting-history-for-business-development-companies

[dvan]

Tax loss selling BDCs

http://seekingalpha.com/article/3729486-tax-loss-selling-or-continued-rally-for-business-development-companies

[dvan]

Dividend announcement.
http://www.nasdaq.com/article/full-circle-capital-corporation-full-ex-dividend-date-scheduled-for-september-28-2015-cm523952

[dvan]

Increase of share repurchase.......
http://www.nasdaq.com/press-release/full-circle-capital-corporation-announces-fourth-quarter-and-full-year-fiscal-2015-results-20150914-00828

[pappi]

Be nice to see this thrive and the CANN play recover to something impressive.

- p

[dvan]

http://www.nasdaq.com/press-release/full-circle-capital-corp-to-release-fiscal-fourth-quarter-2015-results-on-monday-september-14-2015-20150908-00389

[dvan]

BDCs Explained ...
http://seekingalpha.com/article/3456566-tpg-specialty-lendings-income-falls-4-million-why

[dvan]

Recovery in works. Up to 3.80s then down to 3.30s.... BS

[dvan]

Only positive .... looking good for the drip ... GLA

[dvan]

http://seekingalpha.com/article/3267695-analysts-have-the-recipe-for-bdc-investing-success

[dvan]

http://www.nasdaq.com/article/full-circle-capital-corporation-full-ex-dividend-date-scheduled-for-june-26-2015-cm490604

[dvan]

I would venture to say that 11 plus percent dividend is enough. Go get that at the bank. lol GLA

[protagonist12]

This BDC is losing too much money and not any getting deals done. Seems more and more this is just an insider enrichment scheme. Only thing good about this co is the dividend, what have they ever accomplished?

[dvan]

CFO bought 300 shares today @ 3.80 POSTED

[Grand2000]

got you back DVAN. thanks. now lets make this happen

[dvan]

The last purchase of shares by CEO was @ 4.50 - 4.70 range... if I remember correctly. That will be the new base soon. GLA

[Grand2000]

I agree. chart looks good for reversal. just need to get through those 3.84s tomorrow

[dvan]

Nice to see the 3.80s .... 4.00 plus coming soon. GLA

[dvan]

Time to move up following a long downhill run. GLA

[GMONEY4]

Added on this dip.

[qian]

Wow

[willlbone]

FULL is empty.

[Cbdpotential]

Whoa

[MonestHind]

This thing has steadily declined ever since it was recommended by the 420Investor service.

Amazing how consistent these recommendations fail for $50/month.

[Cbdpotential]

Good afternoon

[protagonist12]

Interesting chart 8 red candles in a row on a NASDAQ stock wow! Who knows where bottom is, company has been out of the MJ sector for awhile now, not that they were ever in it. But now they're just another BDC without stated plans of expansion into that industry so PPS makes sense given that momo investors abandoned ship months ago. All I know is BDCs are difficult to value because of the wide range of funding projects.

What I don't understand is why these guys never tried to do any other MJ deals after CANN fell apart. And to think many people were actually touting this as the most stable stock in the weed sector. LoL where are those people now?

[PENNIEStoSTACKS]

I was just looking at the chart and was wondering where the bottom will be

[pappi]

Four % drop yesterday. Year end tax loss write-off selling for sure on this one. RSI at the lowest this puppy has ever seen, as I see from a quick chart glance. Acc/dist line still on a decline plane.

Timing...what contrarian fun. I've been holding off since deciding to watch and wait for weeks. When do you add a chunk more for a year of memorable dollar cost averaging on a monthly dividend stock...

-p

[qian]

Hell yea, ive been adding a few hundred every week or so, im a big contrarian though.

[pappi]

The contrarian in me is thinking a year end bottom for this is approaching.....and I am tempted to add. Of course, being contrarian, one can only hope to anticipate the real bottom. Anyone else out there watching this for a better 2015 performance?

-p

[Liam859]

Exactly... Just desperate folk tryin to feel better about their investment

[MONEYMADE]

Why is this posted here???

[qian]

Whys FULL pps dropping????? I thought an insider loaded up on shares

[protagonist12]

Yeah but what does that have to do with FULL?

[IPO$]

Per CANN 8-K:
ITEM 8.01 OTHER EVENTS




On September 25, 2014, the Company filed a lawsuit in the United States District Court for the District of Colorado against Stephen G. Calandrella (“Calandrella”) in order to recover the profits Calandrella obtained through short-swing trading in the Company’s common stock. Such profits, which the Company believes Calandrella obtained unlawfully, are rightfully owed to the Company. The Company brought the lawsuit against Calandrella under section 16(b) of the Exchange Act.



According to the complaint filed in federal court, Calandrella failed to report all of his holdings of the Company’s common stock to the Company. Instead, while a principal stockholder, he engaged in a series of purchases and sales of the Company’s common stock within a six-month period in violation of federal securities law. Pursuant to section 16(b) of the Exchange Act, the complaint demands that Calandrella return to the Company his profits on such trades with interest. The lawsuit is captioned Advanced Cannabis Solutions, Inc. v. Stephen G. Calandrella, Colorado District Court Civil Action No. 14-CV-02649.



As previously announced, on March 27, 2014, the Securities and Exchange Commission temporarily suspended trading in CANN common stock. The Securities and Exchange Commission’s stated reason for the stop trading order was that “[t]here are questions regarding whether certain undisclosed affiliates and shareholders of Advanced Cannabis common stock engaged in an unlawful public distribution of securities.”



As a result of that suspension, the Company was delisted from the OTC markets. In attempting to get relisted on the OTC Bulletin Board, the Company learned that Calandrella’s conduct was a subject of the regulatory action that led to the temporary suspension and subsequent delisting of ACS stock. The Company began an investigation into Calendrella¹s activities. The Company¹s investigation is ongoing.




The Company continues to work with all applicable agencies to seek active quotation of its common stock.

[qian]

I dont understand, whats with the selloffs?!

[Sage7243]

So much for my boring stock. Yikes!

[qian]

what happened today? Why did the price drop like this?

[Sage7243]

There are some Fullish sellers today. I am excited about the new PR. 2015 will rock this stock!

[Sage7243]

THE STREET rates a FULL buy.

I believe this company will come full circle to increased profitability.

http://www.thestreet.com/story/12766146/3/buy-rated-dividend-stocks-top-3-companies-sph-pflt-full.html

IMO

[ospreyeye]

FULL Chart: A Gravestone Doji formed on Thursday........Parabolic SAR Bullish Flip on Thursday............FULL closed right @ the 20 DMA @ 7.90 resistance.........as this chart shows MA(20) has been resistance since support broke on the 18th of June.......a downtrend followed the 18th's close..........when FULL forms candles above the 20 Day Moving Average a new up trend can begin.........FULL on new Up Trend Radar.............................$$$

[Hulk Hogan is God]

19 days till everybody and their grandma are talking about people getting high in Washington State.

[Hulk Hogan is God]

20 days till cnn is going crazy showing Seattle pot shops.

[Hulk Hogan is God]

Tick tock July 1, get ready for mainstream pot
media!