Quarterly ResultAug 5, 2026, 04:15 PM
Great Elm Capital Q2 NII $0.32/Share; NAV $7.95/Share, Up 3% QoQ
AI Summary
Great Elm Capital Corp. announced its second quarter 2026 financial results, reporting Net Investment Income (NII) of $0.32 per share and a Net Asset Value (NAV) of $7.95 per share, representing a 3% quarter-over-quarter increase. The company's investment adviser waived $0.9 million in incentive fees for the quarter, contributing to NII covering the quarterly distribution. Strategic actions included extending the revolving credit facility maturity to 2029, calling $18.6 million in GECCO Notes, and subsequently retiring $6.5 million of GECCI Notes in July 2026. The Board also declared a $0.25 per share distribution for the third quarter.
Key Highlights
- Net Investment Income (NII) was $0.32 per share for Q2 2026.
- Net Asset Value (NAV) was $7.95 per share as of June 30, 2026, growing approximately 3% quarter-over-quarter.
- The investment adviser waived incentive fees totaling $0.9 million, or $0.06 per share, for Q2 2026.
- Net realized and unrealized investment gains generated during Q2 2026 were approximately $1.9 million.
- The company called the remaining $18.6 million of GECCO Notes due June 2026.
- The revolving credit facility maturity was extended from 2027 to 2029.
- A quarterly distribution of $0.25 per share was declared for Q3 2026.
- The company repurchased 0.1 million shares for $0.5 million at a 37% discount to NAV.
Price Impact
More from GECC