Great Elm Capital Corp. (GECC) successfully raised $24 million through the issuance of shares, with a $6 million investment from Great Elm Group, Inc. (GEG). GECC's preliminary fourth-quarter 2023 financial results were announced, with a net investment income of $0.43 per share and net assets of $98.7 million. The Board approved a quarterly cash distribution of $0.35 per share for the quarter ending March 31, 2024. GECC focuses on generating current income and capital appreciation through debt and income-generating equity securities, including investments in specialty finance businesses.

GECC Raises $24 Million in Investment