Great Elm Capital reports Q4 NII of $0.31/share, appoints Jason Reese as Executive Chairman

Great Elm Capital Corp.

Net investment income of $0.31 per share in Q4 2025, up >50% from $0.20 in Q3 2025.
GAAP NAV fell to $8.07 per share from $10.01; pro forma NAV $8.23 after incentive fee waiver of $2.3M.
Board declared $0.30/share Q1 2026 dividend, annualized yield of 19.2% on $6.26 closing price.
Jason Reese appointed Executive Chairman, succeeding Matthew Drapkin; Drapkin continues as GEG Vice Chairman.
Called $20M of GECCO notes for redemption on Mar 31, 2026; $10M common stock repurchase authorized.

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