Net assets on September 30 were approximately $91.5M. NAV per share on September 30 was $9.09, as compared to NAV per share of $10.30 on June 30, driven primarily by unrealized losses in certain investments.
Net assets on June 30 were approximately $103.6M. NAV per share on June 30 was $10.30, as compared to NAV per share of $10.89 on March 31, driven primarily by unrealized losses in certain investments in Avanti Communications Group.
Great Elm Capital announced that its board of directors approved a stock repurchase program under which GECC is authorized to repurchase up to $5M in the aggregate of its outstanding common stock. Unless extended or terminated by its board of directors, the termination date for the repurchase program will be on December 31.