Great Elm Capital Corp. reports amended Schedule 13G/A disclosing passive holdings by Northern Right entities and related parties. As of March 31, 2026, Northern Right Capital Management, L.P. beneficially owned 383,971 shares (approximately 2.8%) of Common Stock. The filing ties percentage calculations to April 27, 2026 outstanding shares of 13,892,045. Individual holdings disclosed include Northern Right Capital (QP), L.P. 149,911 shares (1.1%), Northern Right Long Only Master Fund LP 57,873 shares (0.4%), and Matthew A. Drapkin 76,333 shares with aggregate reporting of 3.3% for related parties. The filing contains customary disclaimers of beneficial ownership and cross‑entity attribution notes.
Great Elm Capital Corp. reports amended Schedule 13G/A disclosing passive holdings by Northern Right entities and related parties. As of March 31, 2026, Northern Right Capital Management, L.P. beneficially owned 383,971 shares (approximately 2.8%) of Common Stock. The filing ties percentage calculations to April 27, 2026 outstanding shares of 13,892,045. Individual holdings disclosed include Northern Right Capital (QP), L.P. 149,911 shares (1.1%), Northern Right Long Only Master Fund LP 57,873 shares (0.4%), and Matthew A. Drapkin 76,333 shares with aggregate reporting of 3.3% for related parties. The filing contains customary disclaimers of beneficial ownership and cross‑entity attribution notes.
Great Elm Capital Corp. reported first quarter 2026 results and announced a leadership change. Net investment income was $5.0 million, or $0.36 per share, up from $0.31 in the prior quarter, helped by a $2.8 million incentive fee waiver. Net asset value per share declined to $7.74 from $8.07 as unrealized losses outweighed realized gains.
The board appointed Jason Reese as Chief Executive Officer, effective after the Q1 10-Q filing, succeeding Matt Kaplan, who remains a portfolio manager at the external adviser. GECC called or repurchased all $57.5 million of 2026 notes, leaving no funded debt maturities until 2029, and maintained strong liquidity with about $10 million in cash, $50 million of revolver availability, and $4 million of liquid exchange-traded assets as of March 31, 2026.
The board declared a $0.25 per share cash distribution for the second quarter of 2026, equating to an 18% annualized yield on the May 1, 2026, closing price and 12.9% on NAV. The company repurchased roughly 1% of outstanding shares at an average 36% discount to March 31, 2026 NAV, and its adviser waived all accrued incentive fees through June 30, 2026.
Great Elm Capital Corp. reported first quarter 2026 results and announced a leadership change. Net investment income was $5.0 million, or $0.36 per share, up from $0.31 in the prior quarter, helped by a $2.8 million incentive fee waiver. Net asset value per share declined to $7.74 from $8.07 as unrealized losses outweighed realized gains.
The board appointed Jason Reese as Chief Executive Officer, effective after the Q1 10-Q filing, succeeding Matt Kaplan, who remains a portfolio manager at the external adviser. GECC called or repurchased all $57.5 million of 2026 notes, leaving no funded debt maturities until 2029, and maintained strong liquidity with about $10 million in cash, $50 million of revolver availability, and $4 million of liquid exchange-traded assets as of March 31, 2026.
The board declared a $0.25 per share cash distribution for the second quarter of 2026, equating to an 18% annualized yield on the May 1, 2026, closing price and 12.9% on NAV. The company repurchased roughly 1% of outstanding shares at an average 36% discount to March 31, 2026 NAV, and its adviser waived all accrued incentive fees through June 30, 2026.
Great Elm Capital Corp. reports softer first-quarter 2026 results as its investment portfolio shrinks and unrealized losses rise. Total investment income was $9.5 million, down from $12.5 million a year earlier, reflecting a smaller, lower-yielding debt book. Total expenses were $4.5 million, but advisory costs turned negative after the external manager waived $2.8 million of accrued incentive fees, boosting net income and net asset value.
The portfolio’s fair value declined to $267.2 million from $298.3 million at year-end 2025, with a weighted average debt yield of 11.56%. Realized gains of $2.6 million were offset by $8.4 million of net unrealized depreciation, driven primarily by CLO and Universal Fiber holdings. Liquidity included $9.6 million in money market investments, and notes payable totaled $174.0 million, mainly maturing between three and five years.
Great Elm Capital Corp. reports softer first-quarter 2026 results as its investment portfolio shrinks and unrealized losses rise. Total investment income was $9.5 million, down from $12.5 million a year earlier, reflecting a smaller, lower-yielding debt book. Total expenses were $4.5 million, but advisory costs turned negative after the external manager waived $2.8 million of accrued incentive fees, boosting net income and net asset value.
The portfolio’s fair value declined to $267.2 million from $298.3 million at year-end 2025, with a weighted average debt yield of 11.56%. Realized gains of $2.6 million were offset by $8.4 million of net unrealized depreciation, driven primarily by CLO and Universal Fiber holdings. Liquidity included $9.6 million in money market investments, and notes payable totaled $174.0 million, mainly maturing between three and five years.
Great Elm Capital Corp. is redeeming all of its 5.875% Notes due 2026 on May 27, 2026. Holders will receive 100% of principal, equal to $25.00 per Note, plus $0.228472 of accrued and unpaid interest per Note through, but excluding, the redemption date.
After May 27, 2026, interest on the redeemed Notes will stop accruing, and holders’ remaining right will be to receive the redemption payment upon surrender of their Notes. Notes held in book-entry form will be processed through The Depository Trust Company, with Equiniti Trust Company, LLC acting as trustee and paying agent.
Great Elm Capital Corp. is redeeming all of its 5.875% Notes due 2026 on May 27, 2026. Holders will receive 100% of principal, equal to $25.00 per Note, plus $0.228472 of accrued and unpaid interest per Note through, but excluding, the redemption date.
After May 27, 2026, interest on the redeemed Notes will stop accruing, and holders’ remaining right will be to receive the redemption payment upon surrender of their Notes. Notes held in book-entry form will be processed through The Depository Trust Company, with Equiniti Trust Company, LLC acting as trustee and paying agent.
Great Elm Capital Corp. is asking stockholders to vote at its 2026 virtual annual meeting on May 29, 2026. The proxy seeks election of two Class I directors, Mark Kuperschmid and Richard Cohen, and ratification of Deloitte & Touche LLP as independent auditor for 2026.
Stockholders of record on April 1, 2026 may vote online, by telephone, by mail, or during the live webcast using a 16-digit control number. The document details board structure and committees, director and executive biographies, stock ownership, related-party ties to Great Elm Group, and fees paid to the external manager and Deloitte.
Great Elm Capital Corp. is asking stockholders to vote at its 2026 virtual annual meeting on May 29, 2026. The proxy seeks election of two Class I directors, Mark Kuperschmid and Richard Cohen, and ratification of Deloitte & Touche LLP as independent auditor for 2026.
Stockholders of record on April 1, 2026 may vote online, by telephone, by mail, or during the live webcast using a 16-digit control number. The document details board structure and committees, director and executive biographies, stock ownership, related-party ties to Great Elm Group, and fees paid to the external manager and Deloitte.
Great Elm Capital Corp. director Jason W. Reese filed an initial ownership report showing indirect holdings of the company’s Common Stock. According to the filing, 87,237 shares are held by IC Leverage Income Fund, LLC and 229,460 shares are held by Imperial Capital Group Holdings II, LLC. Mr. Reese has voting and dispositive power over the shares held by both entities.
Great Elm Capital Corp. director Jason W. Reese filed an initial ownership report showing indirect holdings of the company’s Common Stock. According to the filing, 87,237 shares are held by IC Leverage Income Fund, LLC and 229,460 shares are held by Imperial Capital Group Holdings II, LLC. Mr. Reese has voting and dispositive power over the shares held by both entities.
Great Elm Capital Corp. reported fourth quarter 2025 results showing strong income but significant valuation pressure. Total investment income was $12.6 million, generating net investment income of $4.4 million, or $0.31 per share, more than 50% higher than the prior quarter as higher cash income from investments flowed through.
However, net realized and unrealized losses of about $26.4 million, mostly unrealized, reduced net asset value from $10.01 to $8.07 per share, with full‑year net losses of $49.1 million. The board declared a $0.30 per share cash distribution for the first quarter of 2026, equating to a 19.2% annualized yield on the February 27, 2026 closing price of $6.26.
The company is also reshaping governance and its balance sheet. Jason Reese was appointed Executive Chairman, succeeding Matthew Drapkin, and the external adviser waived all accrued incentive fees of approximately $2.3 million, or $0.16 per share, as of December 31, 2025, plus first quarter 2026 incentive fees. GECC repurchased and called portions of its GECCO notes and authorized up to $10 million of common share repurchases, while ending 2025 with $5 million of cash, $50 million of undrawn revolver capacity, and about $11 million of liquid exchange‑traded assets.
Great Elm Capital Corp. reported fourth quarter 2025 results showing strong income but significant valuation pressure. Total investment income was $12.6 million, generating net investment income of $4.4 million, or $0.31 per share, more than 50% higher than the prior quarter as higher cash income from investments flowed through.
However, net realized and unrealized losses of about $26.4 million, mostly unrealized, reduced net asset value from $10.01 to $8.07 per share, with full‑year net losses of $49.1 million. The board declared a $0.30 per share cash distribution for the first quarter of 2026, equating to a 19.2% annualized yield on the February 27, 2026 closing price of $6.26.
The company is also reshaping governance and its balance sheet. Jason Reese was appointed Executive Chairman, succeeding Matthew Drapkin, and the external adviser waived all accrued incentive fees of approximately $2.3 million, or $0.16 per share, as of December 31, 2025, plus first quarter 2026 incentive fees. GECC repurchased and called portions of its GECCO notes and authorized up to $10 million of common share repurchases, while ending 2025 with $5 million of cash, $50 million of undrawn revolver capacity, and about $11 million of liquid exchange‑traded assets.
Great Elm Capital Corp. (GECC) describes its business as a closed-end, externally managed BDC and RIC that seeks current income and capital appreciation by lending to middle‑market companies and specialty finance platforms. It focuses on secured and senior secured debt, CLO equity through its CLO Formation JV, LLC, and income‑generating equity in specialty finance businesses.
The filing highlights concentration in a limited number of portfolio companies and industries, with large positions in the CLO JV, Great Elm Specialty Finance, LLC, and Vivos Holdings, LLC. GECC outlines rigorous, research‑driven underwriting and ongoing monitoring, including detailed due diligence and active portfolio oversight.
The company explains its external management agreement with Great Elm Capital Management, LLC, including a 1.50% base management fee on average adjusted gross assets and performance‑based incentive fees tied to net investment income above a 7.00% annualized hurdle and to realized capital gains. It also discloses extensive risk factors, such as credit risk in middle‑market borrowers, distressed lending exposure, regulatory constraints of BDC and RIC status, cybersecurity, and potential conflicts of interest.
Great Elm Capital Corp. (GECC) describes its business as a closed-end, externally managed BDC and RIC that seeks current income and capital appreciation by lending to middle‑market companies and specialty finance platforms. It focuses on secured and senior secured debt, CLO equity through its CLO Formation JV, LLC, and income‑generating equity in specialty finance businesses.
The filing highlights concentration in a limited number of portfolio companies and industries, with large positions in the CLO JV, Great Elm Specialty Finance, LLC, and Vivos Holdings, LLC. GECC outlines rigorous, research‑driven underwriting and ongoing monitoring, including detailed due diligence and active portfolio oversight.
The company explains its external management agreement with Great Elm Capital Management, LLC, including a 1.50% base management fee on average adjusted gross assets and performance‑based incentive fees tied to net investment income above a 7.00% annualized hurdle and to realized capital gains. It also discloses extensive risk factors, such as credit risk in middle‑market borrowers, distressed lending exposure, regulatory constraints of BDC and RIC status, cybersecurity, and potential conflicts of interest.
Great Elm Capital Corp. is redeeming $20,000,000 aggregate principal amount of its 5.875% Notes due 2026 on March 31, 2026. Holders will receive 100% of principal, or $25.00 per Note, plus any accrued and unpaid interest through, but excluding, the redemption date.
Interest from December 31, 2025 to March 31, 2026 will be paid on March 31, 2026 to holders of record as of March 15, 2026, so the company does not expect additional accrued interest outstanding on the redemption date. After redemption, interest on the redeemed Notes will cease to accrue and holders’ remaining right will be payment of the redemption price upon surrender.
Great Elm Capital Corp. is redeeming $20,000,000 aggregate principal amount of its 5.875% Notes due 2026 on March 31, 2026. Holders will receive 100% of principal, or $25.00 per Note, plus any accrued and unpaid interest through, but excluding, the redemption date.
Interest from December 31, 2025 to March 31, 2026 will be paid on March 31, 2026 to holders of record as of March 15, 2026, so the company does not expect additional accrued interest outstanding on the redemption date. After redemption, interest on the redeemed Notes will cease to accrue and holders’ remaining right will be payment of the redemption price upon surrender.
Keri Davis, CFO of Great Elm Capital Management (the external manager of Great Elm Capital Corp.), reported changes in her beneficial ownership of GECC common stock. On 09/19/2025 she received an equity award of 3,820 shares as compensation for her role at the manager, with 955 shares vesting immediately and the remainder vesting in equal annual installments through 09/20/2028. Also on 09/19/2025 she received 1,406 shares from a stock dividend related to prior vested awards. On 09/23/2025 there was a net share settlement disposing of 2,725 shares at a price of $11.43, leaving her with 21,893 shares beneficially owned following the reported transactions.