PALM BEACH GARDENS, Fla., Feb. 26, 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 fourth quarter and full year ended December 31, 2023 prior to the opening of the stock market on Thursday, February 29, 2024, and discuss these results in a conference call at 8:30 a.m. ET. Date/Time:Thursday, February 29, 2024 – 8:30 a.m. ET   Participant Dial-In Numbers: (United States):( ...

Great Elm Capital Corporation (NASDAQ:GECC) Q3 2023 Results Conference Call November 2, 2023 8:30 AM ET Company Participants Garrett Edson - IR Matt Kaplan - CEO Keri Davis - CFO Mike Keller - President, Great Elm Specialty Finance Operator Greetings. Welcome to the Great Elm Capital Corp. Third Quarter 2023 Financial Results. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Garrett Edson, a representative of the company. You may begin ...

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 September 30, 2023 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. Emp ...

Great Elm Capital Corporation (NASDAQ:GECC) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Matt Kaplan - President and Chief Executive Officer Keri Davis - Chief Financial Officer and Treasurer Mike Keller - President, Great Elm Specialty Finance Adam Kleinman - Chief Compliance Officer Operator Good morning, ladies and gentlemen, and welcome to the Great Elm Corp. Second Quarter 2023 Financial Results. At this time, all participants are in listen-only mode. A question-and-a ...

Portfolio Investment Type Mix1 August 3, 2023 ©2023 Great Elm Capital Corp. 14 0% 5% 10% 15% 20% 25% GECC's Specialty Finance Platform is led by Michael Keller as it continues to expand across the "Continuum of Lending" By adding one-stop shop / complementary loan products, we enhance our ability to hold onto profitable relationships longer, across the lending continuum 1 Excludes three non-accrual debt investments with a fair value of zero and two equity investments with a fair value of zero. 2 Weighted av ...

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 June 30, 2023 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. Employer ...

Great Elm Capital Corporation (NASDAQ:GECC) Q1 2023 Earnings Conference Call May 4, 2023 8:30 AM ET Company Participants Garrett Edson - Investor Relations ICR Matt Kaplan - President and Chief Executive Officer Keri Davis - Chief Financial Officer and Treasurer Michael Keller - President, Great Elm Specialty Finance Adam Kleinman - Chief Compliance Officer Operator Greetings and welcome to the Great Elm Capital Corp. First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this c ...

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, 2023 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 ...

Financial Data and Key Metrics Changes - In Q4 2022, the net investment income (NII) was $2.3 million or $0.30 per share, more than doubling from $1.1 million or $0.14 per share in Q3 2022 [10][15][24] - The net asset value (NAV) per share decreased to $11.16 as of December 31, 2022, down from $12.56 at the end of Q3 2022 [8][19] - The asset coverage ratio was approximately 154.5% as of December 31, 2022, compared to 165.5% as of September 30, 2022 [10] Business Line Data and Key Metrics Changes - The company deployed approximately $38 million into new investments at average yields of about 12% in Q4 2022, while monetizing about $20 million of assets at yields below 10% [7] - The average yield on the credit portfolio increased to 12.4% at year-end from 11.6% at September 30, 2022 [7] Market Data and Key Metrics Changes - The company noted a market difference in floating rate debt, which increased to 50% of the debt investment portfolio at year-end, up from 48% at the prior quarter-end [7] Company Strategy and Development Direction - The company aims to construct a high-quality diversified portfolio focused on cash-yielding investments, with a significant shift towards senior secured floating rate investments [5][15] - A strategic initiative includes scaling the specialty finance platform, with the formation of a healthcare finance platform in partnership with Berkadia [17][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about covering the new distribution level of $0.35 per share for Q1 2023, citing momentum and a growing portfolio [6][30] - The management highlighted a focus on finding investments with limited risk of permanent capital impairment and durable returns in the current market environment [23] Other Important Information - The Board of Directors authorized a cash distribution of $0.35 per share for the quarter ending March 31, 2023, equating to a 12.5% annualized dividend yield based on the December 31 NAV [25] Q&A Session Summary Question: What is the outlook for the dividend? - Management is optimistic about covering the $0.35 dividend in the upcoming quarter, indicating solid progress in transforming the company [30] Question: How is the specialty finance platform performing? - The specialty finance platform is making significant progress, with a robust pipeline of potential investments and ongoing negotiations with financing partners [21][29]

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|------------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Investor | | | | | | | | | | Presentation Quarter Ended December 31, 2022 March 2, 2023 | | | | | | | | | | NASDAQ: GECC | | | | | | | | | | | | | | | | | | You should consider the inve ...