Great Elm Capital Corp (GECC) Odd-Lot Tender Offer

Company: Great Elm Capital Corp.
Ticker: GECC
Market Cap: ~$150mm
Size of Action: up to $10mm
Type of Transaction: Tender Offer with Odd-Lot provision
Current Price: $11.40
Tender Price: $11.50 to $12.17
Potential Gain (%): 1-7%
Expiration: May 5th 5pm
Tender Limit (Shares): 99
Max Investment ($): $1,130
Max Gain ($): ~$75
Link: Press Release
Summary: Great Elm Capital is offering to buy up to $10mm of its shares between $11.50 to $12.17.
Odd Lot Provision: ... tendering stockholders whose shares are tendered at or below the purchase price owning fewer than 100 shares, or “odd lot” holders, will have their shares purchased without proration...
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