GECCO

Great Elm Capital Corp. preferred securities are senior equity securities that pay fixed or floating rate dividends and rank above common stock in the capital structure. These preferred shares provide holders with priority claims on distributions and assets in the event of liquidation compared to common stockholders. The securities typically pay regular dividends at a predetermined rate and may have special features such as cumulative dividends or redemption provisions. Preferred shares generally do not carry voting rights except in specific circumstances defined in the issuance terms. These securities offer investors income-oriented exposure to Great Elm Capital Corp. with less volatility than common stock but subordinate claims compared to the company's debt obligations.