Financial Performance (Q2 2024) - Net Investment Income (NII) was $3.1 million, or $0.32 per share, compared to $3.2 million, or $0.37 per share in Q1 2024[6, 12] - Net assets were $126.0 million, or $12.06 per share, compared to $118.8 million, or $12.57 per share in Q1 2024[6] - NAV per share was adversely impacted by ~$0.39 due to write-downs of illiquid investments on non-accrual in two companies[6] - Asset coverage ratio was 171.0% compared to 180.2% in Q1 2024[6] - Debt-to-equity ratio was 1.41x compared to 1.25x in Q1 2024[6] Distribution - A distribution for the quarter ending September 30, 2024, was approved at a rate of $0.35 per share[6, 7] - This equates to a 13.0% annualized yield on the Company's closing market price of $10.73 on July 31, 2024[6, 7] - It also represents an 11.6% annualized yield on the Company's June 30, 2024 NAV of $12.06 per share[6, 7] Portfolio Composition (as of June 30, 2024) - Total portfolio fair value was $297.7 million[11] - Debt investments comprised 70.7% of the portfolio, with a fair value of $210.4 million and a weighted average current yield of 13.1%[21] - Equity investments included $28.1 million in CLO Formation JV (9.4%), $15.6 million in dividend-paying equity investments (5.2%), $15.0 million in Great Elm Specialty Finance (5.0%), and $19.2 million in other equity investments (6.4%)[21]

Great Elm Capital (GECC) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.03%. A quarter ago, it was expected that this company would post earnings of $0.42 per share when it actually produced earnings of $0.37, delivering a surprise of -11.90%. Over the last four quarters, the com ...

PALM BEACH GARDENS, Fla., July 30, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC"), (NASDAQ: GECC), a business development company, today announced it will release its financial results for the second quarter ended June 30, 2024 after the close of market trading on Thursday, August 1, 2024, and discuss these results in a conference call at 5:00 p.m. ET. Date/Time: Thursday, August 1, 2024 – 5:00 p.m. ET Webcast The call and presentation will also be simultaneously webcast over the ...

To access the call, please dial-in approximately five minutes before the start time and, when asked, provide the operator with passcode "GECC". An accompanying slide presentation will be available in pdf format via the "Events and Presentations" section of Great Elm Capital Corp.'s website here after the issuance of the earnings release. Source: Great Elm Capital Corp. Thursday, August 1, 2024 – 5:00 p.m. ET Webcast The call and presentation will also be simultaneously webcast over the internet via the "Eve ...

"We are pleased to announce this tack-on debt financing on the heels of our $12 million equity raise at NAV last month, further optimizing our weighted average cost of capital," said Matt Kaplan, GECC's Chief Executive Officer. "Our ability to attract capital from institutional partners is a testament to the strength of our platform." GECC is an externally managed business development company that seeks to generate current income and capital appreciation by investing in debt and income generating equity sec ...

PALM BEACH GARDENS, Fla., July 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC"), (NASDAQ:GECC), a business development company, today announced it issued $22 million of additional 8.50% notes due 2029 (the "GECCI Notes") in a registered direct offering to an institutional investor. "We are pleased to announce this tack-on debt financing on the heels of our $12 million equity raise at NAV last month, further optimizing our weighted average cost of capital," said Matt Kaplan, GEC ...

Core Viewpoint - Great Elm Capital Corp. (GECC) has successfully issued approximately 1.0 million shares at a net asset value of $12.03 per share, raising a total of $12 million to support its growth initiatives [1][2]. Group 1: Financial Performance - GECC has raised $38 million of non-dilutive equity year-to-date, enhancing its platform expansion efforts [2]. - The gross net asset value of GECC has increased by nearly 80% since the management and board refresh in March 2022, benefiting shareholders [2]. Group 2: Strategic Initiatives - The investment in Prosper Peak Holdings, LLC (PPH) is part of GECC's strategy to expand its capital base and support its credit platform [2][6]. - Great Elm Group, Inc. (GEG), the parent company of GECC's investment manager, has made a $3 million investment in PPH, further aligning its interests with shareholders [6]. Group 3: Company Overview - GECC is an externally managed business development company focused on generating current income and capital appreciation through investments in debt and income-generating equity securities, including specialty finance businesses [3].

PALM BEACH GARDENS, Fla., June 24, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC"), (NASDAQ:GECC), a business development company, today announced it issued approximately 1.0 million shares of the Company's common stock at a current net asset value of $12.03 per share, for an aggregate gross purchase price of $12 million, to Prosper Peak Holdings, LLC ("PPH"). "We have raised $38 million of non-dilutive equity year-to-date, bolstering our efforts to expand the platform," said Matt ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-01211 Great Elm Capital Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employe ...

Exhibit 99.1 GREAT ELM CAPITAL CORP. ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Company to Host Conference Call and Webcast at 5:00 PM ET Today PALM BEACH GARDENS, Florida, May 2, 2024 – Great Elm Capital Corp. ("we," "our," the "Company" or "GECC") (NASDAQ: GECC), a business development company, today announced its financial results for the first quarter ended March 31, 2024. First Quarter and Other Recent Highlights: Management Commentary "With 2024 underway, we were pleased to generate NII that cover ...