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Great Elm Capital announces secondary offering of shares

Great Elm Capital Corp. registered for sale 7,902,467 common shares by selling stockholders from time to time.

Great Elm Capital Management Inc. affiliate Great Elm Capital Group Inc., MAST Credit I Opportunities Master Fund Ltd., MAST Select Opportunities Master Fund LP and MAST Admiral Master Fund LP will be offering 1,966,667 common shares, 2,656,484 common shares, 3,104,561 common shares and 174,755 common shares for sale, respectively.

The shares are being offered at a maximum per-share price of $11.38, making the maximum aggregate price of the offering about $89.9 million.

As of close of business April 6, the shares traded at $11.40 per share. The net asset value per share as of Dec. 31, 2016, was $13.52.

The company will not receive any proceeds from the secondary offering.