Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) to Issue Quarterly Dividend of $0.53

Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) declared a quarterly dividend on Saturday, August 15th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.5313 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Tuesday, September 15th. This is a 1.1% increase from Great Elm Capital Corp. 8.50% NOTES DUE 2029’s previous quarterly dividend of $0.53.

Great Elm Capital Corp. 8.50% NOTES DUE 2029 Trading Up 0.0%

Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock opened at $25.33 on Friday. The stock has a 50-day moving average of $25.25 and a two-hundred day moving average of $25.29. Great Elm Capital Corp. 8.50% NOTES DUE 2029 has a one year low of $24.95 and a one year high of $25.72.

Hedge Funds Weigh In On Great Elm Capital Corp. 8.50% NOTES DUE 2029

An institutional investor recently bought a new position in Great Elm Capital Corp. 8.50% NOTES DUE 2029 stock. Karpus Management Inc. bought a new position in Great Elm Capital Corp. 8.50% NOTES DUE 2029 (NASDAQ:GECCI) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 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.