Replies to post #23 on Great Elm Capital Corp (GECC)

[Mototeam]

Mine is on the DRIP program too, so they bought more shares, but it's always current share price on the dividend payout date. Which ended up being 3.59 a share. Anyway, I did send them a message inquiring about it, just waiting to hear back. I use Robinhood for this and a few other divvy stocks like ET and NGL, this is the 1st time it's been messed up, so it will be interesting to see what the response is.

[Mototeam]

So I got an explanation from Robinhood.

Hi Shane,

Thanks for reaching out about the GECC dividend. This particular dividend paid out a bit differently than common cash dividends.

GECC declared a “Dividend with Option”. The default option here was Cash. Since the cash option was prorated, shareholders received a combination of cash and stock.


So after looking at my share count I could see the additional shares. The weird thing was that the cash portion(@ .0198) of the dividend is the only portion that is listed in my account history, the other shares just showed up without being listed anywhere. I'm guessing because it was technically a cash reinvestment. And if I do the math on the other additional shares then it all works out right