From GlobeNewswire: 2025-05-05 16:15:00

Great Elm Capital Corp. (NASDAQ: GECC) announced its financial results for Q1 2025, with a record total investment income of $12.5 million. NII was $4.6 million, or $0.40 per share, driven by cash flows from the CLO JV. The company’s asset coverage ratio was 163.8% as of March 31, 2025.

GECC increased its quarterly distribution by 5.7% to $0.37 per share for Q1 2025, with a 14.7% annualized yield. NII exceeded the increased distribution, driven by new investments and CLO JV cash flows. Total investments stood at $341.9 million, with a weighted average current yield of 12.3% on the debt portfolio.

In Q1 2025, GECC deployed $37.4 million into 16 investments with a weighted average current yield of 15.1%. Monetizations totaled $13.8 million, including $7.4 million of mandatory debt paydowns. Total investment income for the quarter was $12.5 million, with total expenses at $7.9 million.

As of March 31, 2025, GECC had cash of approximately $1.3 million and total debt outstanding of $207.4 million. The Board approved a quarterly cash distribution of $0.37 per share for Q2 2025, payable on June 30, 2025. The distribution equates to a 14.7% annualized dividend yield.

GECC will discuss its results in a conference call on May 6, 2025, at 8:30 a.m. ET. The call and presentation will be available via webcast on the company’s website. GECC is an externally managed business development company focused on generating current income and capital appreciation through investments in debt and income generating equity securities.



Read more at GlobeNewswire:: Great Elm Capital Corp. Announces First Quarter 2025