'Baby Bond' With A Safe 6.4% Yield, 255% Asset Coverage, Short Duration And Limited Interest Rate Risk [Seeking Alpha]
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: Seeking Alpha
Summary Co-produced with Julian Lin of High Dividend Opportunities . Source note: All tables and images from Great Elm's website , unless otherwise stated. Great Elm Capital Corp, 6.50% notes due 2022 (GECCL) is a baby bond (bond issued by a BDC) issued by Great Elm Capital Corp ( GECC ) in September 2017, so this is a relatively new issue. This bond was issued at a coupon rate of 6.50% and matures on September 18, 2022 (or about 4 years from today). It is callable beginning September 18, 2019. GECCL pays a quarterly coupon payment of $0.406 (annual coupon of $1.625), at the last day of January, April, July and October of each year. It goes ex-dividend about 2 weeks before the dividend payment date. The baby bond traded during the past 52 weeks at a price with a high of $25.90. GECCL recently traded at $25.22 for a yield of 6.4% and represents a nice buying opportunity. This bond can be a good addition to conservative i
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GECC
News
- Great Elm Capital Corp. Prices Public Offering of $30,000,000 of 8.50% Notes Due 2029GlobeNewswire
- Great Elm Capital Corp. Announces Public Offering of Unsecured NotesGlobeNewswire
- Great Elm Capital Corp. (NASDAQ:GECC) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Great Elm Capital Corp. Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Great Elm Capital Corp. Announces Fourth Quarter and Full Year 2023 Financial ResultsGlobeNewswire
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