Great Elm Capital Corp. Announces $5 Million Stock Repurchase Program
Under the program, GECC is authorized to repurchase shares of its common stock in open market transactions, including block purchases, depending on prevailing market conditions and other factors.
The repurchase program may be extended, modified or discontinued at any time for any reason. The program does not obligate GECC to acquire any specific number of shares of common stock, and all repurchases will be made in accordance with U.S. Securities and Exchange Commission Rule 10b-18 and accomplished through a Rule 10b5-1 plan, which set certain restrictions on the method, timing, price and volume of stock repurchases. Unless extended or terminated by its board of directors, the termination date for the repurchase program will be on
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Source: Great Elm Capital Corp.