Great Elm Capital Corp. Declares $0.10 Per Common Share Special Cash Distribution
Portfolio Pulse from Benzinga Newsdesk
Great Elm Capital Corp. (GECC) has announced a special cash distribution of $0.10 per common share, payable on January 12, 2024, to shareholders of record as of December 29, 2023. The distribution is a result of the company's strong portfolio performance and net investment income exceeding regular quarterly distributions for the first three quarters of 2023.
December 12, 2023 | 9:17 pm
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GECC has declared a special cash distribution of $0.10 per share, reflecting its strong performance and net investment income for 2023.
The declaration of a special cash distribution typically indicates a company's strong financial health and is often viewed positively by investors. This can lead to a short-term increase in stock price as it reflects the company's ability to generate excess cash and its commitment to returning value to shareholders.
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