WALTHAM, Mass., Dec. 26, 2017 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (“we”, “us”, “our” or “GECC”),
(NASDAQ:GECC), today announced that its Board of Directors declared a special distribution of $0.20 per share, which is payable on
January 30, 2018 to stockholders of record as of December 29, 2017.
“As we have consistently out-earned our declared distributions this year, we are pleased to announce a year-end
special distribution to our stockholders of $0.20 per share. In addition to this special distribution, we have paid/declared
approximately $1.00 per share in regular distributions in 2017 year to date, bringing our full year distribution to $1.20 per
share, representing 9.7% of our September 30th NAV,” said Peter A. Reed, President and Chief Executive Officer of
GECC.
About Great Elm Capital Corp.
Great Elm Capital Corp. is an externally managed, specialty finance company focused on investing in debt
instruments of middle market companies. GECC elected to be regulated as a business development company under the Investment Company
Act of 1940, as amended. GECC focuses on special situations and catalyst-driven investments as it seeks to generate attractive,
risk-adjusted returns through both current income and capital appreciation.
Cautionary Statement Regarding Forward-Looking Statements
Statements in this communication that are not historical facts are “forward-looking” statements within the
meaning of the federal securities laws. These statements are often, but not always, made through the use of words or phrases such
as “expect,” “anticipate,” “should,” “will,” “estimate,” “designed,” “seek,” “continue,” “upside,” and “potential,” and similar
expressions. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and
other factors that could cause actual results to differ materially from the results expressed in the statements. Among the key
factors that could cause actual results to differ materially from those projected in the forward-looking statements are the
following: conditions in the credit markets, the price of GECC common stock, performance of GECC’s portfolio and investment
manager. Information concerning these and other factors can be found in GECC’s Form 10-K and other reports filed with the SEC. GECC
assumes no obligation to, and expressly disclaims any duty to, update any forward-looking statements contained in this
communication or to conform prior statements to actual results or revised expectations except as required by law. Readers are
cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
This press release does not constitute an offer of any securities for sale.
Media & Investor Contact:
Meaghan K. Mahoney
Senior Vice President
+1 (617) 375-3006
investorrelations@greatelmcap.com
