Earnings ·
Great Elm Capital reports Q3 NII of $0.17 per share and declares $0.25 quarterly distribution
GECCGreat Elm Capital Corp.
Great Elm Capital Corp. reported third-quarter 2026 net investment income (NII) of $2.4 million, or $0.17 per share, down from $4.5 million in the prior quarter due to lower total investment income and reinstated incentive fee accruals. Net asset value declined 6.9% to $7.40 per share as of September 30, 2026, driven by realized and unrealized losses including a $3.3 million write-down in its CLO joint venture. The board declared a quarterly cash distribution of $0.25 per share for the fourth quarter, payable December 31 to holders of record on December 15. Additionally, the company redeemed $6.5 million of senior notes due April 2029 and repurchased approximately 350,000 shares year-to-date at a 33% discount to NAV. Great Elm Capital Corp. is an externally managed business development company that invests in debt and income-generating equity securities.