Great Elm Capital Corp. 8.50% NOTES DUE 2029 (GECCI) to Issue Quarterly Dividend of $0.53 on March 31st

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) declared a quarterly dividend on Friday, January 1st. Stockholders of record on Sunday, March 15th will be paid a dividend of 0.5313 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, March 13th.

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

Shares of GECCI traded up $0.03 during trading hours on Wednesday, hitting $25.45. The stock had a trading volume of 917 shares, compared to its average volume of 4,871. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a 1-year low of $24.75 and a 1-year high of $25.72. The firm has a 50 day simple moving average of $25.26 and a 200-day simple moving average of $25.36.

Institutional Investors Weigh In On Great Elm Capital Corp. 8.50% NOTES DUE 2029

A hedge fund recently bought a new stake in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. purchased a new stake in shares of Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 116,338 shares of the company’s stock, valued at approximately $2,923,000.

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.