Welcome to our dedicated page for Great Elm Capital news (Ticker: GECC), a resource for investors and traders seeking the latest updates and insights on Great Elm Capital stock.
Great Elm Capital Corp. (GECC) is an externally managed business development company that regularly reports on its investment activity, portfolio performance, and capital structure through earnings releases and SEC filings. As a BDC focused on debt and income-generating equity securities, including specialty finance businesses and CLOs, GECC generates a steady stream of company-specific news relevant to investors who follow corporate credit and income-focused strategies.
News about GECC often centers on its quarterly financial results, where the company discloses total investment income, net investment income, net asset value per share, and details on portfolio deployment and monetizations. These updates also describe the composition of its portfolio across corporate credit, specialty finance, CLO investments, and equity holdings, as well as the weighted average yield and mix of floating versus fixed rate instruments in its debt portfolio.
Another recurring theme in GECC’s news flow is capital markets and balance sheet activity. The company issues press releases on offerings of senior notes, amendments to its revolving credit facility with City National Bank, equity raises through private placements and at-the-market programs, and actions such as share repurchase authorizations. GECC also announces Board decisions on quarterly cash distributions to common shareholders, including the per-share amount and related dates.
Investors can also find event-driven updates, such as GECC’s detailed communication regarding its investments in First Brands Group, LLC following that company’s bankruptcy filing, and preliminary estimates of the impact on net asset value and investment income. Earnings call announcements, including dates, times, and access details for webcasts and slide presentations, provide additional context for those seeking deeper insight into management’s commentary. This news page aggregates these items so readers can track GECC’s financial results, portfolio developments, and financing decisions over time.
Great Elm Capital Corp. (NASDAQ: GECC), a business development company, has scheduled its second quarter 2025 earnings release and conference call. The company will release financial results for Q2 ended June 30, 2025, after market close on Monday, August 4, 2025.
A conference call to discuss the results will be held on Tuesday, August 5, 2025, at 8:30 a.m. ET. Participants can join via phone using U.S. dial-in (877) 407-0789 or international dial-in (201) 689-8562 with passcode "GECC". The call will include an accompanying slide presentation available through GECC's website, and a simultaneous webcast will be accessible via the company's "Events and Presentations" section.
Great Elm Capital Corp. (NASDAQ: GECC) reported strong Q1 2025 financial results, achieving record total investment income of $12.5 million. The company increased its quarterly distribution by 5.7% to $0.37 per share, representing a 14.7% annualized yield. Net investment income (NII) reached $4.6 million ($0.40 per share), up from $2.1 million in Q4 2024.
The CLO JV contributed significantly, providing $3.8 million in cash distributions during Q1 2025. Net assets were $132.3 million ($11.46 per share) as of March 31, 2025, down from $136.1 million in Q4 2024. The company's portfolio included $341.9 million in total investments, with 62.4% in corporate credit debt investments. The weighted average current yield on the debt portfolio was 12.3%, with 73% in floating rate instruments.
Great Elm Capital Corp (NASDAQ: GECC), a business development company, has scheduled its first quarter 2025 earnings release and conference call. The company will release financial results for Q1 ending March 31, 2025, after market close on Monday, May 5, 2025.
The earnings discussion will take place via conference call on Tuesday, May 6, 2025, at 8:30 a.m. ET. Participants can join using the following dial-in numbers:
- United States: (877) 407-0789
- International: (201) 689-8562
The call will include an accompanying slide presentation, accessible through GECC's website under the "Events and Presentations" section. A simultaneous webcast will also be available through the company's website.
Great Elm Capital Corp. (GECC) has announced its Q4 and full year 2024 financial results. Net investment income (NII) for Q4 2024 was $2.1 million ($0.20 per share), down from $4.1 million ($0.39 per share) in Q3 2024. The company's net assets reached $136.1 million ($11.79 per share) as of December 31, 2024.
Key highlights include:
- Raised $13.2 million of equity at Net Asset Value from Summit Grove Partners
- Asset coverage ratio improved to 169.7% from 166.2% in Q3
- Declared a $0.05 per share special distribution
- Increased quarterly dividend by 5.7% to $0.37 per share
The company's portfolio totaled $324.3 million at fair value, with 63.8% in corporate credit investments. The weighted average current yield on the debt portfolio was 12.4%, with 72% in floating rate instruments. During Q4, GECC deployed $47.2 million into new investments at a 12.9% weighted average yield and monetized $57.5 million of investments.
Great Elm Capital Corp. (NASDAQ: GECC), a business development company, has announced its upcoming fourth quarter and full year 2024 financial results release schedule. The company will release its financial results after market trading on Monday, March 10, 2025.
A conference call to discuss these results is scheduled for Tuesday, March 11, 2025, at 8:30 a.m. ET. Investors can access the call using the passcode 'GECC'. An accompanying slide presentation will be available on GECC's website in the 'Events and Presentations' section following the earnings release. The call and presentation will also be simultaneously webcast through the company's website.
Great Elm Capital Corp. (NASDAQ: GECC) has announced two significant distributions: a special cash distribution of $0.05 per share payable on January 15, 2025, and a quarterly distribution of $0.37 per share for Q1 2025. The quarterly distribution represents a 5.7% increase from the previous $0.35 per share and equates to a 14.5% annualized yield based on the December 16, 2024 closing price of $10.24.
CEO Matt Kaplan expressed confidence in the company's platform to generate durable long-term income, attributing the special distribution to strong portfolio income generation throughout the year.
Great Elm Capital Corp. (GECC) has announced a significant equity raise of $13.2 million through the issuance of approximately 1.1 million shares at a net asset value of $12.06 per share to Summit Grove Partners, Additionally, Great Elm Group (GEG) invested $3.3 million in Summit Grove Partners, strengthening alignment with shareholders.
The company has raised nearly $50 million of equity at net asset value year-to-date. Since management and board refresh in March 2022, GECC has nearly doubled its gross net asset value, demonstrating substantial growth and portfolio expansion.
Great Elm Capital Corp. (GECC) reported strong financial results for Q3 2024, with net investment income of $4.1 million ($0.39 per share), up from $3.1 million ($0.32 per share) in Q2 2024. The company's net assets were $125.8 million ($12.04 per share) as of September 30, 2024. GECC issued $41.4 million of 8.125% unsecured notes due 2029 and redeemed all outstanding 6.75% notes due 2025. The Board approved a quarterly dividend of $0.35 per share, representing a 14.0% annualized yield. Total investments stood at $333.3 million, with a weighted average current yield of 12.8% on the debt portfolio.
Great Elm Capital Corp. (NASDAQ: GECC) announced it will release its third quarter 2024 financial results before market opening on Thursday, October 31, 2024. The company will host a conference call at 8:30 a.m. ET to discuss the results. Participants can join via phone using dial-in numbers (877) 407-0789 (US) or (201) 689-8562 (International) with passcode 'GECC'. A slide presentation will be available on GECC's website, and the call will be simultaneously webcast through the company's Events and Presentations section.
Great Elm Capital Corp. (GECC) has announced a conditional redemption of its 6.75% Notes due 2025. The redemption is set for October 12, 2024, contingent on the successful closing of GECC's public offering of 8.125% Notes due 2029. The 2025 Notes will be redeemed at 100% of their principal amount, plus accrued and unpaid interest from September 30, 2024, through the Redemption Date.
GECC reserves the right to delay the Redemption Date or cancel the redemption if the 2029 Notes Offering is not completed as planned. This move suggests GECC is restructuring its debt, potentially to take advantage of more favorable terms or to extend its debt maturity profile.