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Stock impact report

Great Elm Capital Corp. Announces Fourth Quarter and Year End 2018 Financial Results; Fourth Quarter Net Investment Income of $0.25 Per Share; Board Sets Second Quarter 2019 Distribution o...

Great Elm Capital Corp. - Closed End Fund (GECC) 
Last great elm capital corp. - closed end fund earnings: 11/14 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: greatelmcc.com/investor-relations
Company Research Source: GlobeNewswire
WALTHAM, Mass., March 13, 2019 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (“we,” “us,” “our” or “GECC”), (NASDAQ: GECC), today announced its financial results for the quarter ended December 31, 2018. FINANCIAL HIGHLIGHTS(1) Net investment income (“NII”) for the quarter ended December 31, 2018 was approximately $2.7 million, or $0.25 per share, equating to 1.0x distribution coverage for the quarter. For the year ended December 31, 2018, we generated $1.44 per share in NII vs. approximately $1.00 per share in base distributions paid ($0.083 per share per month), representing greater than 1.4x distribution coverage. Including our special distribution of $0.24 per share, the distribution coverage was approximately 1.2x.In March 2019, the Board of Directors (the “Board”) set monthly distributions of $0.083 per share for the second quarter of 2019, representing a yield of approximately 9.6% on December 31, 2018 net asset value (“NAV”). Including the special distribution, the annual dis Show less Read more
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