Great Elm Capital Corp. (NASDAQ: GECCI)

Great Elm Capital Corp. is a Maryland corporation formed in April 2016 that operates as a closed end externally managed non diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940 and for tax purposes as a regulated investment company.

The company generates revenue primarily from interest income dividend income and fees earned on its debt and equity investments in middle market companies specialty finance businesses and collateralized loan obligations. It also receives income from its joint venture that invests in CLO equity and CLO warehouses and from its ownership of specialty finance subsidiaries that provide factoring asset based lending equipment financing and related services.

Great Elm Capital Corp. operates in the competitive business development company sector where it faces rivals such as other BDCs private equity funds hedge funds mutual funds mezzanine funds and small business investment companies as well as traditional lenders like commercial banks and direct lending funds. Its competitive advantages stem from the expertise of its external manager its focus on specialty finance investments and its established relationships with industry professionals that help generate proprietary deal flow.

The company serves investors who seek current income and capital appreciation through its diversified portfolio of debt and equity investments.