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Great Elm Capital Corp., 6.50% Notes due 9/18/2022
Ticker Symbol: GECCL* CUSIP: 390320307 Exchange: NGM
* NOTE: This security is no longer trading as of 7/23/2021
Security has been Called for: Friday, July 23, 2021
June 23, 2021, the Company caused notices to be issued to the holders of its 6.50% Notes due 2022 (CUSIP No. 390320 307; NASDAQ: GECCL) (the “Notes”) regarding the Company’s exercise of its option to redeem, in whole, the issued and outstanding Notes. The Company will redeem all of the issued and outstanding Notes on July 23, 2021 (the “Redemption Date”). The Notes will be redeemed at 100% of their principal amount, plus accrued and unpaid interest thereon from April 30, 2021, through, but excluding, the Redemption Date.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Great Elm Capital Corp., 6.50% Notes due 2022, issued in $25 denominations, redeemable at the issuer's option on or after 9/18/2019 at $25 per note plus accrued and unpaid interest, and maturing 9/18/2022. Interest distributions of 6.50% per annum ($1.625 per annum or $0.40625 per quarter) will be paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (GECC)
IPO - 9/14/2017 - 1.14 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $28.4 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 800 South Street, Suite 230, Waltham, MA 02453 |
| Main Phone Number |
617-375-3006 |
| Fax Number |
Not Available |
| Investor Relations
Meaghan K. Mahoney
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617-375-3006
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| CEO - Peter A. Reed |
CFO - Keri A. Davis |
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