“Uncovering the Potential of Great Elm Capital’s YTM Bonds: A Comprehensive Analysis”
The High-Yield Baby Bonds of Great Elm Capital Corp. (GECC) Introduction Great Elm Capital Corp. (GECC) offers high-yield baby bonds, trading at an 8.9% yield, despite being one of the riskiest BDCs. GECC’s mixed portfolio includes 24% equity and significant short-term treasuries, which add to its credit score despite past financial struggles. GECC’s leverage structure,…