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Stock impact report

Great Elm Capital Corp. Announces Investment in Prestige Capital Corporation

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., Feb. 22, 2019 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (“we,” “us,” “our” or “GECC”), (NASDAQ: GECC), announced that on February 8, 2019 it acquired 80.0% of the outstanding equity interests in Prestige Capital Corporation (“PCC”) from PCC’s retiring founder, Harvey Kaminski. PCC is a commercial finance company specializing in factoring for early stage and mid-sized companies. Alan Eliasof and Stuart Rosenthal, who have each been with PCC and worked with Mr. Kaminski for more than 20 years, will continue to own the remaining equity in PCC. Messrs. Eliasof and Rosenthal will manage PCC as Chief Executive Officer and President, respectively. Mr. Kaminski has agreed to provide consulting services to PCC during its transition over the next year. “PCC has an excellent, long-term track record of profitably growing its business while maintaining a very strong underwriting culture,” remarked Peter A. Reed, GECC’s Chief Executive Officer. “The combination of PCC’s strong Show less Read more
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