Dividend Increase
The Board declared a 6% increase to the quarterly base dividend to $0.37 per share for the first quarter of 2025, up from $0.35, showcasing a commitment to delivering meaningful value to shareholders.
Market Capitalization Growth
GECC's market capitalization doubled from $60 million to over $120 million over 2023 and 2024, indicating strong growth.
Net Asset Value Growth
NAV per share increased by over $0.60, and total return on stock was nearly 80%, outperforming the Cliffwater and S&P BDC indices.
CLO Joint Venture
Executed a joint venture with a high-quality partner to invest in CLOs, improving long-term returns for shareholders.
Corporate Portfolio Growth
Corporate portfolio grew by 34% in 2024, holding $240 million of investments and increasing exposure to first lien loans.