Great Elm Capital Corp. Announces Results of Its Annual Stockholders’ Meeting and Majority Approval of Modified Minimum Asset Coverage Requirements
Great Elm Capital Corp. - Closed End Fund (GECC)
Last great elm capital corp. - closed end fund earnings: 11/14 06:00 am
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US:NASDAQ Investor Relations:
greatelmcc.com/investor-relations
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Source: GlobeNewswire
WALTHAM, Mass., May 07, 2018 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company”) (NASDAQ:GECC), an externally managed, business development company focused on investing in debt instruments of leveraged middle market issuers, today announced that a majority of the stockholders of the Company approved the application of the modified minimum asset coverage requirements set forth in Section 61(a)(2) of the Investment Company Act of 1940, as amended, in accordance with the Small Business Credit Availability Act ("SBCAA") that was signed into law on March 23, 2018. As a result of such approval, and subject to satisfying certain ongoing disclosure requirements under the SBCAA, effective May 4, 2018, the asset coverage ratio test applicable to the Company has been decreased from 200% to 150%, permitting the Company to incur additional leverage. Peter A. Reed, the Company’s Chief Executive Officer, stated, “We believe the passage of the SBCAA benefits the Company and its stockholder
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GECC
Earnings
- 2/29/24 - Beat
GECC
Sec Filings
- 4/24/24 - Form 8-K
- 4/18/24 - Form N-2
- 4/17/24 - Form CERT
- GECC's page on the SEC website