Great Elm Capital Corp (GECC)

[IanWhitfield]

Is anyone here planning on exercising their rights under this new offering to purchase more shares at the offered price?

In light of the recent share price drop, it seems people are unloading there shares due to the upcoming dilution.

It appears to me that the intended use of the new capital as stated in the prospectus and the announcement makes sense in the long term.

"The Company intends to use the net proceeds from the offering primarily to (i) make opportunistic investments, in accordance with its investment objectives and policies, in assets that the Company’s external investment manager, Great Elm Capital Management, Inc., believes have become undervalued due to the current extreme market volatility, and on more attractive terms than the Company would otherwise be able to obtain under typical, less volatile market conditions and (ii) support its existing portfolio companies through the COVID-19 pandemic."

Are most of you invested here for the short term and will be hurt by the dilution or am I missing something?