• Great Elm Capital posted a first-quarter net loss of $0.05 per share, narrowing from a loss of $1.57 per share in the prior quarter.
• Net investment income rose about 13% quarter-over-quarter to $5 million, or $0.36 per share, while total investment income fell to $9.5 million from $12.6 million.
• Net asset value slipped to $7.74 per share from $8.07, as net realized and unrealized losses totaled $5.7 million, or $0.41 per share.
• Board declared a $0.25 per share second-quarter distribution, while investment adviser Great Elm Capital Management waived all accrued incentive fees through June 30, 2026.
• Jason Reese was appointed CEO, while the company called or repurchased all $57.5 million of GECCO senior notes due June 2026, leaving no funded debt maturity until 2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Great Elm Capital Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-204241), on May 04, 2026, and is solely responsible for the information contained therein.