Highest-materiality recent filing
Directors Kuperschmid and Cohen reelected at Great Elm Capital Corp. annual meeting
Mark Kuperschmid reelected with 6,104,023 votes for, 1,162,844 withheld.
GECC posts Q1 NII $0.36/shr, appoints Jason Reese CEO, waives incentive fees
Q1 NII $5.0M ($0.36/shr) vs $4.4M ($0.31/shr) QoQ; total investment income $9.5M, down from $12.6M.
Great Elm Capital Corp. to redeem all 5.875% Notes due 2026 on May 27, 2026
Redemption of all outstanding 5.875% Notes (CUSIP 390320604, NASDAQ: GECCO) on May 27, 2026.
Great Elm Capital Corp. to redeem $20M of 5.875% Notes due 2026 on March 31, 2026
Company exercises option to redeem $20M aggregate principal of its 5.875% Notes due 2026 (GECCO) at 100% of par.
Great Elm Capital reports Q4 NII of $0.31/share, appoints Jason Reese as Executive Chairman
Net investment income of $0.31 per share in Q4 2025, up >50% from $0.20 in Q3 2025.
GECC Q3 NAV per share $10.01, NII $0.20; maintains $0.37 dividend, $10M buyback
Q3 NAV per share $10.01 vs $12.10 in Q2, drop driven by First Brands bankruptcy unrealized losses of ~$24.4M.
Great Elm Capital Corp. updates on First Brands bankruptcy; expects ~$1.15-$1.25/sh NAV hit
First Brands (auto parts) bankruptcy: GECC places $9.3M First Lien and $16.2M Second Lien loans on non-accrual; direct NAV impact ~$16.5M, or $1.15-$1.25/sh.
Underwriters exercise over-allotment for $7.5M of Great Elm Capital's 7.75% Notes due 2030
Underwriters exercised over-allotment in full for $7.5M of 7.75% Notes due 2030 on Oct 1, 2025.
Great Elm Capital Corp. issues $50M of 7.75% Notes due 2030
Issued $50M aggregate principal of 7.75% Notes due 2030; underwriters have option for additional $7.5M until Oct 4, 2025.
Great Elm Capital Corp. announces $50M offering of 7.75% notes due 2030
Offering of $50M aggregate principal amount of 7.75% notes due 2030, plus $7.5M overallotment option.
Redeems $30M aggregate principal of 8.75% Notes due 2028 (CUSIP 390320 802) on Sept 30, 2025 at 100% of par plus accrued interest.
Great Elm Capital Corp. raises $15M equity via 1.29M share issuance to affiliate of Booker Smith
Issued 1.29M shares at $11.65/share for gross proceeds of $15.0M to an affiliate of newly appointed director Booker Smith.
Great Elm upsizes revolver to $50M, cuts rate to SOFR+2.50%
Revolving facility increased from $25M to $50M, with option to raise to $90M.
Great Elm Capital reports record Q2 TII $14.3M; NII $0.51/sh, NAV $12.10
Record total investment income $14.3M; NII $5.9M ($0.51/sh), up from $0.40/sh in Q1 2025.
Great Elm Capital Corp. stockholders elect Chad Perry as director, ratify Deloitte as auditor
Director Chad Perry elected with 7,225,709 votes for, 678,522 withheld; broker non-votes 2,067,510.
Great Elm Capital Corp. files $100M ATM equity distribution agreement with Lucid Capital Markets
Entered agreement to sell up to $100M of common stock in at-the-market offerings.
Great Elm Capital Corp posts record Q1 TII of $12.5M; NII $0.40/share, dividend raised to $0.37
Total investment income record $12.5M ($1.08/share); NII $4.6M ($0.40/share) vs $2.1M ($0.20) in Q4 2024.
GECC Q4 NII down to $0.20/share; Board raises dividend 5.7% to $0.37
Q4 NII $2.1M ($0.20/sh) vs $4.1M ($0.39/sh) in Q3; pressured by lower CLO JV distributions and financing costs.
Special cash distribution of $0.05 per common share payable Jan 15, 2025 to holders of record Dec 31, 2024.
Great Elm Capital raises $13.2M in private placement at NAV; GEG invests $3.3M in purchaser
Issued 1,094,527 common shares at $12.06 NAV per share to Summit Grove Partners for $13.2M.
Great Elm Capital Q3 NII $0.39/share exceeds $0.35 dividend; record total investment income $11.7M
Q3 2024 NII $4.1M ($0.39/share), up from $3.1M ($0.32/share) in Q2 2024.
Great Elm Capital Corp. issues $36M of 8.125% notes due 2029 to refinance 2025 notes
Issued $36M aggregate principal of 8.125% notes due 2029; underwriters can purchase up to $5.4M more.
Conditional redemption of all outstanding 6.75% Notes due 2025 at 100% of principal plus accrued interest.
Great Elm Capital Corp. amends CLO JV agreement, admits Crown LB as 5% member
JV formed to invest in CLO entities and warehouse facilities; GECC owns 71.25%, Green 23.75%, Crown 5.0%.
GECC Q2 NII $0.32 vs $0.37 Q1; NAV $12.06; illiquid asset write-downs $0.39/sh
Net investment income $3.1M ($0.32/sh) vs $3.2M ($0.37/sh) Q1; GAAP EPS ($0.14).
Great Elm Capital issues $22M additional 8.50% notes due 2029 in registered direct offering
GECC issued $22M additional aggregate principal of 8.50% Notes due 2029 (GECCI) to an institutional investor.
Great Elm Capital Corp. Raises $12M Equity at Net Asset Value from Prosper Peak Holdings
Issued 997,506 shares of common stock at net asset value of $12.03 per share for aggregate proceeds of approximately $12 million.
Great Elm Capital Corp. reports annual meeting voting results; directors elected
Matthew A. Drapkin elected with 5,677,486 votes for, 381,662 withheld.
GECC Q1 NII $0.37/share covers $0.35 dividend; NAV falls to $12.57 on $0.55 write-downs
NII per share $0.37 vs $0.43 in Q4 2023; EPS ($0.05) due to unrealized losses.
Upon Mr. Reese's assumption of this role, Matt Kaplan, who was appointed President and Chief Executive Officer of the Company effective March 4, 2022, concluded his service as the Company's President and Chief Executive Officer.
On May 1, 2026, the Company's board of directors appointed Jason W. Reese to serve as the Company’s Chief Executive Officer effective immediately following the filing of the Company’s Form 10-Q for the period ended March 31, 2026.
Max materiality 0.85 · Median 0.65 · Most common event debt