PALM BEACH GARDENS, Fla., July 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC"), (NASDAQ:GECC), a business development company, today announced it issued $22 million of additional 8.50% notes due 2029 (the "GECCI Notes") in a registered direct offering to an institutional investor. "We are pleased to announce this tack-on debt financing on the heels of our $12 million equity raise at NAV last month, further optimizing our weighted average cost of capital," said Matt Kaplan, GEC ...

文章核心观点 - 公司发行约100万股普通股,以每股12.03美元的净资产价值筹集1200万美元资金 [1] - 公司母公司Great Elm Group投资300万美元入股Prosper Peak Holdings,进一步与股东利益保持一致 [2] - 公司自2022年3月管理层和董事会更新以来,净资产总额增长近80%,有利于公司发展和股东利益 [3] - 公司母公司Great Elm Group承诺支持和扩大公司的信贷平台,并参与Prosper Peak投资,进一步增强公司的资本基础 [3] 公司概况 - 公司是一家外部管理的创业投资公司,通过投资债务和产生收益的股权证券(包括专业金融业务)来获得当前收益和资本增值 [4]

PALM BEACH GARDENS, Fla., June 24, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today announced it issued approximately 1.0 million shares of the Company’s common stock at a current net asset value of $12.03 per share, for an aggregate gross purchase price of $12 million, to Prosper Peak Holdings, LLC (“PPH”). Great Elm Group, Inc. (“GEG”), the parent of the Company’s investment manager, made a $3 million investment in PPH, furth ...

财务数据和关键指标变化 - 公司在第一季度实现净利息收入3.2百万美元,每股0.37美元,较上一季度的3.3百万美元、每股0.43美元有所下降,主要是由于2月份股本增加导致的现金拖累以及某些新投资的现金流时间性影响 [25] - 公司资产净值从2023年12月31日的99百万美元增加至2024年3月31日的119百万美元,但每股净资产从12.99美元下降至12.57美元,主要是由于承继自前任管理层的两家投资公司Research Now和PFS Holdings的估值下降约0.55美元/股 [26] - 公司的资产覆盖率从2023年12月31日的169%提升至2024年3月31日的180.2%,但考虑4月份发行的债券后,资产覆盖率将降至约166.9% [27][28] 各条业务线数据和关键指标变化 - 公司在第一季度新增投资约64百万美元,平均收益率约13%,同时出售了约29百万美元的资产,平均收益率约11% [31] - 公司浮动利率债务占比从上季度的67%提升至69% [32] - 公司整体投资组合收益率为13.1%,大部分新增投资集中在一级抵押贷款,进一步提升了投资组合的信用质量 [32] 各个市场数据和关键指标变化 - 公司的专项金融业务在一季度开局较为疲软,但到季末开始出现积极迹象,管理层正在努力推动交易执行和优化运营 [36][39] - 公司已退出了对Lenders Funding Revolver的投资,进一步简化了专项金融板块 [37] 公司战略和发展方向及行业竞争 - 公司在2月份完成了2400万美元的股权融资,并在4月份发行了3450万美元的8.5%五年期债券,进一步增强了资本实力和财务灵活性 [9][12][14] - 公司新成立了一家CLO投资合资企业,预计将在下半年开始为公司带来可观的分红收益,进一步丰富了投资组合 [15][16] - 公司保持谨慎的投资策略,将资金投向在当前高利率环境和经济周期中表现良好的优质投资 [33][34] 管理层对经营环境和未来前景的评论 - 管理层认为公司在2024年上半年的净利息收入将保持相对稳定,下半年随着CLO合资企业分红的增加以及新投资的部署,净利息收入将显著超过上半年 [20][22] - 管理层表示公司有信心继续覆盖季度基础分红,并有望在年底再次评估是否进行特殊分红 [22] 问答环节重要的提问和回答 问题1 **Jim Fowler 提问** 询问公司在本季度新增的29项投资中,具体投资类型的分布情况 [44] **Matt Kaplan 回答** 超过一半为一级抵押贷款,约1080万美元投资于CLO次级债券(即CLO股权) [45] 问题2 **Jim Fowler 提问** 询问公司如何在CLO股权投资领域获取有吸引力的机会,考虑到该资产类别已经吸引了大量资本 [47] **Matt Kaplan 回答** 公司的CLO股权投资占整体资产规模不到4%,未来有望随着仓位的增加获得可观的收益率和分红,这是公司进入该领域的重要考虑 [48][49] 问题3 **Jim Fowler 提问** 询问公司在医疗保健金融业务方面是否也面临一些经营压力,如报销问题和劳动力成本上升等 [55] **Mike Keller 回答** 公司在医疗保健金融业务中采取的是资产抵押贷款模式,而非无抵押贷款或基于企业价值的贷款,因此能够更好地控制风险 [57][58]

Investor Presentation Forward Looking Statement Statements in this communication that are not historical facts are "forward-looking" statements within the meaning of the federal securities laws. These statements are often, but not always, made through the use of words or phrases such as "expect," "anticipate," "should," "will," "estimate," "designed," "seek," "continue," "upside," "potential," "preliminary" and similar expressions. All such forward-looking statements involve estimates and assumptions that a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 814-01211 Great Elm Capital Corp. (Exact name of registrant as specified in its charter) Maryland 81-2621577 (State or other jurisdiction of incorporation or organizat ...

Exhibit 99.1 GREAT ELM CAPITAL CORP. ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Company to Host Conference Call and Webcast at 5:00 PM ET Today PALM BEACH GARDENS, Florida, May 2, 2024 – Great Elm Capital Corp. (“we,” “our,” the “Company” or “GECC”) (NASDAQ: GECC), a business development company, today announced its financial results for the first quarter ended March 31, 2024. First Quarter and Other Recent Highlights: ▪ In February 2024, the Company raised $24 million of equity at Net Asset Value from ...

PALM BEACH GARDENS, Fla., April 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC") (NASDAQ:GECC) announced today the commencement of an underwritten public offering of unsecured notes due 2029 (the "Notes"). The Notes are expected to be listed on The Nasdaq Global Market under the trading symbol "GECCI," and to trade thereon within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined by negotiations between the Company and the un ...

财务表现 - Great Elm Capital (GECC)第四季度每股收益为0.43美元，低于Zacks Consensus预期的0.44美元[1] - 公司去年同期每股收益为0.30美元，调整后的数据[1] - 公司的盈利惊喜为-2.27%，在过去四个季度中，有两次超过了市场预期[2] - Great Elm Capital第四季度营收为9.16百万美元，超过了Zacks Consensus预期2.37%[3] - 公司去年同期营收为7.33百万美元，过去四个季度中有四次超过了市场预期[3] 股价表现 - 公司股价自年初以来上涨了约0.1%，而标普500指数上涨了6.3%[5] - 公司的盈利前景将影响股价的短期走势，投资者应关注管理层在盈利电话会议上的表态[4] - Great Elm Capital的盈利预期将影响股价走势，投资者可以关注盈利预期的变化[6] 盈利预期 - 投资者可以追踪盈利预期的变化，Zacks Rank等评级工具可以帮助投资者判断股价走势[7] - 公司的盈利预期变化趋势为混合，目前为Zacks Rank 3 (Hold)，预计未来股价将与市场表现一致[8] - 投资者应关注未来季度和本财年的盈利预期变化，当前季度预期每股收益为0.44美元，营收为8.99百万美元[9] 行业前景 - 行业前景对股价表现有重要影响，目前Financial - Investment Management行业在Zacks行业排名中处于前5%[10]

Great Elm Capital Corporation (NASDAQ:GECC) Q4 2023 Results Conference Call February 29, 2024 8:30 AM ET Company Participants Garrett Edson - Investor Relations Matt Kaplan - President and Chief Executive Officer Keri Davis - Chief Financial Officer and Treasurer Mike Keller - President, Great Elm Specialty Finance Adam Kleinman - Chief Compliance Officer Operator Greetings. Welcome to the Great Elm Capital Corporation's Fourth Quarter and Full Year 2023 Earnings Conference Call. At this time, all participa ...