Mission Statement, Vision, & Core Values (2024) of Great Elm Capital Corp. (GECC)

An Overview of Great Elm Capital Corp. (GECC)

General Summary of Great Elm Capital Corp. (GECC)

Great Elm Capital Corp. (GECC) is a publicly traded investment firm focused on various sectors, including specialty finance and structured finance. The company was formed with the aim of delivering strong returns for its shareholders through a diversified portfolio of investments. As of 2024, GECC primarily invests in debt and equity securities, targeting companies that have the potential for significant growth.

In 2024, GECC has reported a total sales revenue of approximately $23.5 million, showing a positive trend in its investment operations. The company's strategic focus includes leveraging its expertise in financial markets to identify investment opportunities that align with its growth objectives.

Company's Financial Performance in the Latest Financial Reports

For the three months ended September 30, 2024, Great Elm Capital Corp. reported a net investment income of $4.072 million, an increase from $3.052 million in the same period of 2023. The net realized gain for the quarter was $226,000 compared to a loss of $1.824 million in the prior year. The total revenue for the nine months ended September 30, 2024, was $23.465 million, up from $21.303 million in the previous year.

As of September 30, 2024, GECC's total assets stood at approximately $427.026 million, with total liabilities of $301.200 million. The net asset value per share was reported at $12.04. The company has maintained a strong asset coverage ratio of approximately 166.2%.

Introduction to Company as a Leader in the Industry

Great Elm Capital Corp. has positioned itself as a significant player in the investment sector, focusing on specialty finance and structured finance. Its strategic investments and commitment to enhancing shareholder value have propelled its growth and reputation within the industry. GECC's diversified portfolio and robust financial performance underscore its leadership status, making it a company to watch in 2024 and beyond. For more detailed insights into GECC's operations and future outlook, further exploration is encouraged.

Mission Statement of Great Elm Capital Corp. (GECC)

Mission Statement of Great Elm Capital Corp. (GECC)

The mission statement of Great Elm Capital Corp. (GECC) serves as a guiding principle in aligning the organization’s strategic objectives and operational practices. It emphasizes the company’s commitment to delivering superior investment performance while maintaining a strong focus on risk management and shareholder value. This mission is crucial for establishing a clear direction for the company's long-term goals and ensuring all stakeholders are aligned towards common objectives.

Core Component 1: Delivering Superior Investment Performance

GECC’s mission underscores its commitment to providing exceptional investment returns to its shareholders. As of September 30, 2024, GECC reported a net investment income of approximately $10.3 million for the nine-month period, reflecting a solid performance in its investment strategies. The company has strategically invested in a diversified portfolio, which includes 54 debt instruments across 45 companies and 20 equity investments in 18 companies, with a fair value of approximately $234.5 million and $98.8 million, respectively.

Core Component 2: Strong Focus on Risk Management

Risk management is a key element of GECC’s mission. The company employs rigorous analysis and monitoring of its investment portfolio to mitigate potential risks. As of September 30, 2024, GECC’s total liabilities stood at approximately $301.2 million, while total assets were reported at $427.0 million, indicating a sound asset coverage ratio. This approach ensures that the company maintains a robust financial position, capable of weathering market fluctuations.

Core Component 3: Commitment to Shareholder Value

GECC’s mission statement reflects a strong commitment to maximizing shareholder value. The company has consistently distributed earnings to its shareholders, with a quarterly distribution rate set at $0.35 per share for the quarter ending December 31, 2024. The total distributions to stockholders for the nine months ended September 30, 2024, amounted to approximately $10.3 million, reinforcing its dedication to returning value to its investors.

In conclusion, the mission statement of Great Elm Capital Corp. (GECC) emphasizes its dedication to delivering superior investment performance, maintaining a strong focus on risk management, and maximizing shareholder value. This mission is supported by tangible financial data and strategic operational practices, which position GECC for continued success in the competitive financial landscape.

Vision Statement of Great Elm Capital Corp. (GECC)

Vision Statement of Great Elm Capital Corp. (GECC)

The vision statement of Great Elm Capital Corp. (GECC) focuses on several key components that guide the company’s strategic direction and investment philosophy as of 2024. These components include:

GECC aims to achieve sustainable growth by expanding its portfolio investments across diversified industries. As of September 30, 2024, the company reported a total investment portfolio valued at approximately $333.3 million. This represents a significant increase from $230.6 million at the end of 2023, indicating a robust growth trajectory.

The company emphasizes investing in high-quality assets that offer strong return potential. The investment portfolio is diversified across various sectors, with the following distribution as of September 30, 2024:

GECC is dedicated to maximizing shareholder value through disciplined capital management and regular distributions. For the quarter ending December 31, 2024, the company set a distribution rate of $0.35 per share, to be funded from distributable earnings. This reflects an ongoing commitment to provide returns to its shareholders.

The company prioritizes responsible investment practices, ensuring that its investment decisions align with ethical standards and contribute positively to the communities in which it operates. This includes maintaining a focus on environmental, social, and governance (ESG) factors in its investment strategy.

GECC envisions establishing itself as a leader in the investment sector by leveraging its expertise and strategic partnerships. The total capital commitment to its CLO joint venture was reported at $36.0 million, demonstrating its proactive approach to long-term growth and stability.

In summary, the vision statement of Great Elm Capital Corp. encapsulates its goals of strategic growth, high-quality investments, shareholder value maximization, responsible investment practices, and a long-term vision for success in the investment landscape.

Core Values of Great Elm Capital Corp. (GECC)

Integrity

Integrity is a fundamental value at Great Elm Capital Corp. (GECC), emphasizing transparency, honesty, and ethical decision-making in all business practices. This value is crucial for building trust with stakeholders and maintaining a solid reputation in the financial markets.

GECC has demonstrated its commitment to integrity through rigorous compliance with regulatory standards and ethical guidelines. For instance, the company adheres to the Investment Company Act of 1940, ensuring that all investment practices are above board and transparent. As of September 30, 2024, GECC reported total assets of $427,026,000, with net assets amounting to $125,826,000, indicating sound financial management and adherence to ethical financial reporting.

Collaboration

Collaboration is vital for GECC, fostering teamwork within the organization and with external partners. This core value enhances innovation and leads to better decision-making processes.

In 2024, GECC formed a joint venture, CLO Formation JV, LLC, with a strategic partner, committing $32.0 million in capital to invest in collateralized loan obligations. This collaboration not only diversifies GECC's investment portfolio but also aligns with its strategy to leverage expertise from partners.

Excellence

Excellence drives GECC to achieve high standards in all areas of its operations. This value promotes continuous improvement and a commitment to delivering superior results to clients and stakeholders.

For the nine months ended September 30, 2024, GECC achieved a net investment income of $10,323,000, reflecting its effective investment strategies and operational efficiency. The company's ability to generate income while managing risks showcases its commitment to excellence.

Accountability

Accountability is a core value that ensures GECC takes responsibility for its actions and decisions. This value is crucial for maintaining stakeholder confidence and fostering a culture of trust within the organization.

GECC's accountability is evident in its financial disclosures, where it reported a net realized gain of $2,109,000 for the nine months ended September 30, 2024. The company also maintains transparency in its investment activities, providing detailed reports on performance and risks associated with its portfolio.

Innovation

Innovation at GECC is about embracing change and seeking new ways to enhance its investment strategies and operational processes. This core value is essential for staying competitive in the rapidly evolving financial landscape.

In 2024, GECC invested in technology-driven solutions to improve its portfolio management and analytics capabilities. The company also reported a significant increase in its investment portfolio, which reached $333,283,000 in fair value by September 30, 2024, reflecting its innovative approach to identifying and capitalizing on new investment opportunities.

Article updated on 8 Nov 2024

Resources:

• Great Elm Capital Corp. (GECC) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Great Elm Capital Corp. (GECC)' financial performance, including balance sheets, income statements, and cash flow statements.
• SEC Filings – View Great Elm Capital Corp. (GECC)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.