Great Elm Capital Corporation Declares Third Quarter 2020 Monthly Base Distributions, Payable on August 21, 2020. September 21, 2020 and October 21, 2020
June 25, 2020 at 03:40 pm IST
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Great Elm Capital Corporation declared third quarter 2020 monthly base distribution of $0.083 per share. The distributions will be paid in cash or shares of the Company’s common stock at the election of the shareholders, although the total amount of cash to be distributed to all shareholders will be limited to approximately 10% of the total distributions to be paid to all shareholders. Record dates are July 31, 2020, August 31, 2020 and September 30, 2020. The dividend will be payable on August 21, 2020. September 21, 2020 and October 21, 2020.
Great Elm Capital Corp. is an externally managed business development company. The Company seeks to generate current income and capital appreciation by investing in debt and income generating equity securities, including investments in specialty finance businesses. It invests in secured and senior secured debt instruments of middle market companies, as well as income-generating equity investments in specialty finance companies. It also makes investments throughout other portions of a companyâs capital structure, including subordinated debt, mezzanine debt, and equity or equity-linked securities. The Company's investment advisor is Great Elm Capital Management, Inc. (GECM).
Great Elm Capital Corporation Declares Third Quarter 2020 Monthly Base Distributions, Payable on August 21, 2020. September 21, 2020 and October 21, 2020