v3.26.1
SCHEDULE OF INVESTMENTS (Geographic Composition of Portfolio At Fair Value) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Schedule of Investments [Line Items]    
Investments at Fair Value $ 276,763 [1] $ 331,071 [2],[3]
Percentage of Net Assets 257.51% 293.12%
United States    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 266,901 $ 319,784
Percentage of Net Assets 248.33% 283.13%
Canada    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 2,516 $ 4,092
Percentage of Net Assets 2.34% 3.62%
Bermuda    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 6,975 $ 6,659
Percentage of Net Assets 6.49% 5.90%
Europe    
Schedule of Investments [Line Items]    
Investments at Fair Value   $ 0
Percentage of Net Assets   0.00%
Australia    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 371 $ 536
Percentage of Net Assets 0.35% 0.47%
[1] As of period end, the aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost was $8,392; the aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value was $(79,860); the net unrealized depreciation was $(71,468); the aggregate cost of securities for Federal income tax purposes was $348,231.
[2] As of period end, the aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost was $11,467; the aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value was $80,177; the net unrealized depreciation was $(68,710); the aggregate cost of securities for Federal income tax purposes was $399,781.
[3] Great Elm Capital Corp.’s (the “Company”) investments are generally acquired in private transactions exempt from registration under the Securities Act, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.