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AI brief of an SEC Form 8-K · Great Elm Capital Corp. (GECC)

Great Elm Capital Q3 net investment income falls to $0.17 per share from $0.32

Negative Impact 4 of 5 earnings Written later

Great Elm Capital Corp. reported third quarter 2026 results showing lower net investment income, a smaller net asset value per share and a net decrease in net assets from operations. Management cited a challenging credit environment and pressure on its CLO joint venture. The Board declared a $0.25 per share fourth quarter distribution, which is above the quarter's $0.17 per share net investment income.

Key points

  • Net investment income was $2.4 million, or $0.17 per share, versus $4.5 million, or $0.32 per share, in the quarter ended June 30, 2026; total investment income fell to $8.7 million from $10.9 million.
  • Net asset value per share was $7.40 on September 30, 2026, down from $7.95 on June 30, 2026; net assets were $102.7 million.
  • Net realized and unrealized losses were $6.6 million, including a $3.3 million decrease in the fair value of the CLO Formation JV investment, resulting in a $4.2 million net decrease in net assets from operations.
  • The Board declared a $0.25 per share distribution payable December 31, 2026, to holders of record as of December 15, 2026; the Company repurchased 349,653 shares for about $1.7 million from January 1 through October 30, 2026.

The filing

CompanyGreat Elm Capital Corp. (GECC)
Form8-K, current report
Filed with the SECNov 2, 2026, 4:22 PM ET
Accession number0001193125-26-443709

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.