Recent Updates — GECCG

Great Elm Capital Corp. reported second quarter 2026 financial results, announcing a Net Investment Income (NII) of $0.32 per share and a Net Asset Value (NAV) of $7.95 per share as of June 30, 2026. The company declared a quarterly cash distribution of $0.25 per share for the third quarter of 2026, payable on September 30, 2026, to stockholders of record as of September 15, 2026. Management waived incentive fees totaling $0.9 million ($0.06 per share) for the current quarter and previously waived $2.8 million through March 31, 2026. The firm retired all outstanding GECCO notes during the quarter and extended its revolving credit facility maturity to 2029. Great Elm Capital Corp. is a business development company that invests in debt and income-generating equity securities.

Great Elm Capital Corp. has issued a notice to redeem $6,500,000 of its 8.50% Notes due 2029. The partial redemption, involving 260,000 Notes, is scheduled for August 19, 2026. The redemption price is 100% of the principal amount, or $25.00 per Note, plus accrued and unpaid interest of $0.28924 per Note. This action is being taken pursuant to the company's option under the existing Indenture and Sixth Supplemental Indenture. Great Elm Capital Corp. is a business development company providing investment capital to small and mid-sized businesses.

Great Elm Capital Corp. entered into a sixth amendment to its Loan, Guarantee and Security Agreement with City National Bank on June 8, 2026. The amendment updates the maturity date for borrowings under the Revolving Facility to the earlier of June 8, 2029, or March 31, 2029, if the 8.50% notes due 2029 have not been refinanced by that date.