
Saturday, November 28, 2020 8:38:33 AM
http://www.investor.greatelmcc.com/static-files/b915df09-5bdf-4c02-ac58-b37eb3c51ba8
Scroll down to the next to the last page. Exhibit 99.3
GREAT ELM CAPITAL CORP. DECLARES QUARTERLY CASH DISTRIBUTION
OF $0.10 PER SHARE
WALTHAM, MA, November 9, 2020 – Great Elm Capital Corp. (“we,” “us,” “our,” “GECC,” or “Great Elm BDC”), (NASDAQ: GECC), a business development company (BDC), today announced that Great Elm BDC’s Board set the distribution for the quarter ending March 31, 2021 at $0.10 per
quarter.
The distributions will be paid in cash and covered by net investment income. The record and payment dates for the distribution are expected to be set by GECC in December pursuant to authority granted by the Board.
Peter A. Reed, GECC’s Chief Executive Officer, stated, “We were pleased to increase the cash portion of our distribution while maintaining a favorable overall return to shareholders following the completion of our rights offering. On an annualized basis, this currently represents a 9.6% yield on NAV (based on Net Asset Value of $90.8 million, or $4.18 per share, after giving effect to the rights offering) and a 15.4% yield on the November 6, 2020 closing price of $2.60.
These foot notes were also on page 24 of the Investor Presentation from November 9th which was Exhibit 99.2
The Company had previously delivered a monthly distribution of $0.083 per share.
The majority of our fourth quarter 2020 distributions will be paid in shares of common stock in order to maximize liquidity and strengthen our balance sheet.
Recent GECC News
- Great Elm Capital Corp. (“GECC”) Declares $0.05 Per Common Share Special Cash Distribution and Approves First Quarter 2025 Distribution of $0.37 Per Common Share • GlobeNewswire Inc. • 12/16/2024 09:16:46 PM
- Great Elm Capital Corp. (“GECC”) Raises $13.2 Million of Equity at Net Asset Value • GlobeNewswire Inc. • 12/12/2024 01:30:58 PM
- Great Elm Capital Corp. Announces Third Quarter 2024 Financial Results • GlobeNewswire Inc. • 10/31/2024 10:00:00 AM
- Great Elm Capital Corp. (“GECC”) Schedules Third Quarter 2024 Earnings Release and Conference Call • GlobeNewswire Inc. • 10/30/2024 08:15:12 PM
- Great Elm Capital Corp. Prices Public Offering of $36,000,000 of 8.125% Notes Due 2029 • GlobeNewswire Inc. • 09/12/2024 09:00:55 PM
- Great Elm Capital Corp. Announces Conditional Redemption of 6.75% Notes due 2025 • GlobeNewswire Inc. • 09/12/2024 09:00:18 PM
- Great Elm Capital Corp. Announces Public Offering of Unsecured Notes • GlobeNewswire Inc. • 09/12/2024 12:41:02 PM
- Form 40-APP/A - Application for exemption and other relief filed under the Investment Company Act of 1940: [Amend] • Edgar (US Regulatory) • 08/29/2024 09:07:58 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2024 08:33:40 PM
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 08/16/2024 12:01:28 AM
- Form N-2 - Registration statement for closed-end investment companies • Edgar (US Regulatory) • 08/01/2024 08:28:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 08:10:40 PM
- Great Elm Capital Corp. Announces Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/01/2024 08:05:00 PM
- Great Elm Capital Corp. (“GECC”) Schedules Second Quarter 2024 Earnings Release and Conference Call • GlobeNewswire Inc. • 07/30/2024 06:00:00 PM
- Form 40-17G - Fidelity Bond [Rule 17G-1(g)] • Edgar (US Regulatory) • 07/19/2024 09:11:47 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 07/12/2024 04:15:08 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 07/11/2024 08:52:59 PM
- Great Elm Capital Corp. (“GECC”) Issues $22 Million of Additional GECCI Notes • GlobeNewswire Inc. • 07/09/2024 08:05:00 PM
- Great Elm Capital Corp. (“GECC”) Raises $12 Million of Equity at Net Asset Value • GlobeNewswire Inc. • 06/24/2024 11:30:00 AM
- Great Elm Capital Corp. Announces First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/02/2024 08:05:00 PM
- Great Elm Capital Corp. (“GECC”) Schedules First Quarter 2024 Earnings Release and Conference Call • GlobeNewswire Inc. • 04/30/2024 08:00:00 PM
- Great Elm Capital Corp. Prices Public Offering of $30,000,000 of 8.50% Notes Due 2029 • GlobeNewswire Inc. • 04/09/2024 09:48:50 PM
- Great Elm Capital Corp. Announces Public Offering of Unsecured Notes • GlobeNewswire Inc. • 04/09/2024 12:30:34 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/09/2024 01:28:57 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/08/2024 02:30:06 AM
FEATURED Animoca Brands leads Hivello funding round ahead of Token Listing • Feb 10, 2025 10:20 AM
51 Labs Expands Sports Nutrition Line with Five New Innovative Products, Company in final phase of name and ticker symbol change • CAFI • Feb 10, 2025 9:00 AM
UAV Corp. Expanding in the Global UAV Market, Projected to Exceed $58 Billion by 2027, with Increasing Government and Commercial Sector Adoption • UMAV • Feb 6, 2025 8:30 AM
VAYK Project $700K 2024 Revenue with $150K Net Profit • VAYK • Feb 5, 2025 12:43 PM
UAV Corp (UMAV) Kicks Off Landmark "SKY" Hangar Project with Land Clearing at Costin Airport Setting Stage for Q1 2025 Groundbreaking • UMAV • Feb 5, 2025 8:30 AM
HealthLynked Corp. Releases Annual Shareholder Letter Highlighting Recent Product Development and Strategic Vision for the Future • HLYK • Feb 4, 2025 8:00 AM