Great Elm Group Reports Fiscal 2024 Second Quarter Financial Results [Yahoo! Finance]
Great Elm Group, Inc. (GEG)
Company Research
Source: Yahoo! Finance
WALTHAM, Mass., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal second quarter ended December 31, 2023. Fiscal Second Quarter 2024 and Other Recent Highlights On February 8, 2024, GECC raised $24 million of equity capital from a special purchase vehicle (“SPV”) that acquired GECC common stock at net asset value, supported by a GEG investment into the SPV of $6 million. Great Elm launched a credit fund, Great Elm Credit Income Fund, LLC (“GECIF”), during the quarter, focused on income generation and capital preservation through direct lending, syndicated credit and opportunistic credit investing. Fee-paying assets under management totaled approximately $461 million as of December 31, 2023, up 2% from September 30, 2023, and up 5% year-over-year. Assets under management totaled approximately $655 million as of December 31,
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GEG
Analyst Actions
- 2/14/24 - TheStreet
GEG
Sec Filings
- 3/18/24 - Form 4
- 3/13/24 - Form 4
- 3/7/24 - Form 4
- GEG's page on the SEC website