Successful Capital Raising and Refinancing
Raised significant equity at NAV, doubled the size of the revolver, reduced the revolver's interest rate by 50 basis points, and refinanced the highest cost borrowing at 100 basis points lower.
Nice-Pak Investment Success
Achieved an approximately 38% IRR from a secured loan with warrants to Nice-Pak, acquired in the past quarter.
Strong Specialty Finance Performance
Great Elm Specialty Finance increased its distribution to GECC to $450,000 from $120,000 last quarter.
Dividend and Share Repurchase Approval
The Board approved a $0.37 dividend for Q4 2025 and a $10 million share repurchase program.
CoreWeave Capital Distributions
Received capital distributions totaling $2.9 million in Q3 and an additional $2.8 million in October, covering the original $6 million investment.