{"id":990595,"date":"2026-08-05T20:14:25","date_gmt":"2026-08-06T00:14:25","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/great-elm-capital-corp-announces-second-quarter-2026-financial-results\/"},"modified":"2026-08-05T20:14:25","modified_gmt":"2026-08-06T00:14:25","slug":"great-elm-capital-corp-announces-second-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/great-elm-capital-corp-announces-second-quarter-2026-financial-results\/","title":{"rendered":"Great Elm Capital Corp. Announces Second Quarter 2026 Financial Results"},"content":{"rendered":"

\nCompany to Host Conference Call and Webcast at 8:30 AM ET on August 6, 2026
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\n GECC\u2019s Investment Adviser Waives Incentive Fees Totaling $0.9 million or $0.06 Per Share for the Quarter Ended June 30, 2026, in Addition to Previously Waiving all $2.8 million, or $0.20 Per Share of Accrued Incentive Fees Through March 31, 2026\u00a0<\/em>
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\n Net Investment Income (\u201cNII\u201d) of $0.32 Per Share in 2Q26<\/em>
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\n NAV of $7.95 Per Share as of June\u00a030, 2026, Growing Approximately 3% Quarter-over-Quarter<\/em>
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\n Approximately $1.9 Million of Net Realized and Unrealized Investment Gains Generated During 2Q26<\/em>
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\n Strong Liquidity Position with Approximately $6 Million of Cash and Equivalents, $39 Million of Revolving Credit Facility Availability, and Ample Liquid Assets as of June\u00a030, 2026<\/em>
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\n Extended Revolving Credit Facility Maturity from 2027 to 2029<\/em>
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\n Called Remaining $18.6 Million of GECCO Notes due June 2026, Leaving No Debt Maturity Until 2029<\/em>
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\n In July 2026, Called $6.5 Million of GECCI Notes due April 2029, Retiring Highest Cost Debt<\/em>
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\n Board Declares $0.25 Per Share Distribution for 3Q26, Resulting in an Annualized Dividend Yield of 18.9% on GECC\u2019s Closing Price as of August 4, 2026<\/em>
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PALM BEACH GARDENS, Fla., Aug. 05, 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 second quarter ended June 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 second quarter results reflect continued progress toward the priorities we established earlier this year. We increased NAV, generated net investment income that fully covered our quarterly distribution, reported approximately $1.9 million of net realized and unrealized gains, and further strengthened our balance sheet.<\/p>\n

We remain disciplined in how we deploy capital. During the quarter, we completed several attractive private credit investments, selectively expanded our broadly syndicated investment portfolio, and continued to actively manage portfolio risk. At quarter end, less than 1% of investments were on nonaccrual, reflecting the quality of the portfolio and our disciplined underwriting approach.<\/p>\n

We also continued to strengthen our capital structure by retiring all outstanding GECCO notes during the quarter, extending the maturity of our revolving credit facility, and, subsequent to quarter end, calling $6.5 million of GECCI notes, our highest cost debt. Combined with meaningful cash on hand, $39 million of available capacity under our revolving credit facility, and ample liquid investments, we believe GECC is well positioned to pursue attractive investment opportunities while maintaining financial flexibility.<\/p>\n

Although the market remains competitive, we believe our disciplined investment process, strong liquidity, and conservative balance sheet position us to continue creating long-term value for our shareholders.\u201d<\/p>\n

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