Great Elm Group, Inc. announces an Equity Buyback for $10 million worth of its shares.
November 08, 2023 at 04:56 pm EST
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Great Elm Group, Inc. (NasdaqGS:GEG) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its shares.
Great Elm Group, Inc. is an alternative asset management company. The Company is focused on growing a scalable and diversified portfolio of long-duration, permanent capital vehicles across corporate credit, specialty finance, real estate, and other asset classes. The Company and its subsidiaries manage Great Elm Capital Corp., a business development company, and Monomoy Properties REIT, LLC, an industrial-focused real estate investment trust, in addition to other investments. Its wholly owned subsidiaries include Great Elm Capital Management, Inc. (GECM), Great Elm Opportunities GP, Inc. (GEO GP), Great Elm Capital GP, LLC (GEC GP), Great Elm FM Acquisition, Inc. (FM Acquisition), Great Elm DME Holdings, Inc. (DME Holdings), Great Elm DME Manager, LLC (DME Manager), and Monomoy BTS Corporation (MBTS), among others.