Yield Hunting Part 23: Lock In Close To 9% From Great Elm Capital Baby Bonds
Source: SeekingAlpha
2025-05-21 16:13:20 ET
Summary
- Great Elm Capital Corporation's baby bonds offer nearly 9% yields, making them attractive for investors seeking high returns from short-duration, exchange-traded BDC bonds.
- Despite being one of the smallest BDCs with high leverage and a mixed portfolio, GECC has shown recent stability and resilience versus peers.
- Risks include a higher-than-average non-accrual loan rate and weaker asset coverage, but strengths include no secured debt and improving performance.
- I recommend GECCI and GECCZ for locking in top yields, but investors must weigh the moderate risks and monitor the company's ongoing performance.
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Yield Hunting Part 23: Lock In Close To 9% From Great Elm Capital Baby Bonds
Great Elm Capital Corp. 8.75% Notes due 2028
NASDAQ: GECCZ
GECCZ Trading
-0.13% G/L:
$25.1172 Last:
930 Volume:
$25.16 Open:
