Great Elm Capital Corp. is a Business Development Company that generates current income and capital appreciation by investing in debt and equity securities, primarily serving middle-market companies with enterprise values between $100 million and $2 billion. The company invests in secured and senior secured debt, income-generating equity in specialty finance businesses, and collateralized loan obligation (CLO) securities, with investments sourced directly from issuers and through secondary market transactions. Revenue derives from interest income on debt investments, dividend income from equity holdings, capital gains on dispositions, and various fees including prepayment, origination, and consulting fees, while operations are financed through unsecured debt issuances, revolving credit facilities, stock issuances, and operating cash flow. As a Regulated Investment Company, Great Elm must distribute at least 90 percent of taxable investment income annually and comply with leverage and asset diversification requirements under the Investment Company Act.