{"id":1016388,"date":"2026-11-02T17:22:39","date_gmt":"2026-11-02T22:22:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/great-elm-capital-corp-announces-third-quarter-2026-financial-results\/"},"modified":"2026-11-02T17:22:39","modified_gmt":"2026-11-02T22:22:39","slug":"great-elm-capital-corp-announces-third-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/great-elm-capital-corp-announces-third-quarter-2026-financial-results\/","title":{"rendered":"Great Elm Capital Corp. Announces Third Quarter 2026 Financial Results"},"content":{"rendered":"

\nCompany to Host Conference Call and Webcast at 8:30 AM ET on November 3, 2026
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\n Disciplined Portfolio Management and Selective Capital Deployment, Supported by a Growing Pipeline of Differentiated Investment Opportunities<\/em>
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\n Net Investment Income (\u201cNII\u201d) of $0.17 Per Share in 3Q26<\/em>
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\n NAV of $7.40 Per Share as of September\u00a030, 2026<\/em>
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\n Strong Liquidity Position with Approximately $6 Million of Cash and Equivalents, $44 Million of Revolving Credit Facility Availability, and Ample Liquid Assets as of September\u00a030, 2026<\/em>
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\n Redeemed $6.5 Million of GECCI Notes due April 2029, Retiring a Portion of Highest Cost and Nearest Term Debt<\/em>
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\n Year-to-Date through October 30, 2026, Repurchased Approximately 350,000 Shares at a 33% Discount to NAV on September 30, 2026<\/em>
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\n Board Declares $0.25 Per Share Distribution for 4Q26, Resulting in an Annualized Dividend Yield of 20.2% on GECC\u2019s Closing Price as of October 30, 2026<\/em>
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PALM BEACH GARDENS, Fla., Nov. 02, 2026 (GLOBE NEWSWIRE) — Great Elm Capital Corp. (\u201cwe,\u201d \u201cour,\u201d the \u201cCompany\u201d or \u201cGECC\u201d) (NASDAQ: GECC), a business development company, today announced its financial results for the third quarter ended September 30, 2026.<\/p>\n

\n Management Commentary<\/strong>\n <\/p>\n

Jason Reese, Chairman of the Board of Directors and Chief Executive Officer of the Company, stated: \u201cOur third quarter results reflect a challenging credit environment and continued pressure on certain portfolio investments, particularly our CLO joint venture. While net investment income and NAV declined during the quarter, we remain focused on strengthening portfolio performance, maintaining disciplined underwriting standards and positioning GECC for more consistent earnings and long-term value creation.\u00a0<\/p>\n

\u201cWe made meaningful progress advancing our investment strategy during the quarter, expanding our pipeline of private investment opportunities and further diversifying the portfolio. We continue to emphasize credit quality, attractive risk-adjusted returns and durable cash income, while leveraging our institutional relationships to access differentiated opportunities across private credit and select equity investments. Importantly, our underlying credit portfolio remains healthy. We also saw positive momentum across our specialty finance platform, with distributions from Great Elm Specialty Finance increasing meaningfully during the quarter.\u00a0<\/p>\n

\u201cWe remain actively engaged with our CLO partners to address performance and identify opportunities to enhance the value of those investments. At the same time, we continue to manage our balance sheet proactively, reducing our highest-cost debt while maintaining substantial liquidity and financial flexibility. We also repurchased shares at a significant discount to NAV, reflecting our confidence in the long-term value of our portfolio and our commitment to disciplined capital allocation.<\/p>\n

\u201cLooking ahead, we believe our growing pipeline of differentiated investments, strong liquidity position and continued focus on portfolio optimization provide a solid foundation for improving earnings performance and creating long-term shareholder value.\u201d<\/p>\n

\n Recent Board Actions and Shareholder Returns<\/strong>\n <\/p>\n