Great Elm Capital Corp. (“GECC”) Declares $0.05 Per Common Share Special Cash Distribution and Approves First Quarter 2025 Distribution of $0.37 Per Common Share

Core Points - Great Elm Capital Corp. (GECC) has declared a special cash distribution of $0.05 per common share, payable on January 15, 2025, to stockholders of record as of December 31, 2024 [1] - The Board of Directors has approved a quarterly cash distribution of$0.37 per share for the first quarter of 2025, representing a 14.5% annualized yield based on the closing market price of $10.24 on December 16, 2024 [2] - The base quarterly distribution has increased by 5.7$0.35 to $0.37 per share, reflecting the company's strong income generation throughout the year [3] Company Overview - Great Elm Capital Corp. is an externally managed business development company focused on generating current income and capital appreciation through investments in debt and income-generating equity securities, including specialty finance businesses and CLOs [4]