GECCI — what changed in the latest 10-Q
A section-by-section comparison of GECCI's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-02 vs the prior 10-Q · 2026-08-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +11 | −10 | ~32 | 48 |
| Market risk (Item 3) | Text added/removed | +1 | −1 | ~2 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-02
The following table shows the fair value of our portfolio of investments by industry as of September 30, 2026 and December 31, 2025 (in thousands). Investments in short-term securities, including U.S. Treasury Bills and money market mutual funds, are excluded from the table below.
Dividend income increased for the three months ended September 30, 2026 as compared to the three months ended September 30, 2025 primarily driven by an increase in distributions received from the CLO JV, which totaled $2.2 million during the current period compared to $1.5 million in the prior perio…
Other income is comprised of non-refundable carry fees, early repayment fees, and amendment fees on new and amended debt positions. The decrease in other income for the three and nine months ended September 30, 2026, as compared to the prior year periods, was primarily due to one-time fees earned on…
Realized losses for the three months ended September 30, 2026 were primarily driven by the $4.1 million loss on the sale of our investment in Flexsys Cayman Holdings, LP (“Flexsys”). Realized gains for the three months ended September 30, 2026 includes approximately $1.2 million from the realization…
Realized gain for the nine months ended September 30, 2026 includes approximately $2.7 million from the realization of our investment in Stone Ridge Opportunities Fund, LP (“Stone Ridge”), $2.5 million from the realization of our investment in the unsecured bond of American Coastal, and $2.4 million…
Text removed vs the prior filing · source: 10-Q · 2026-08-05
The following table shows the fair value of our portfolio of investments by industry as of June 30, 2026 and December 31, 2025 (in thousands):
Dividend income decreased for the three and six months ended June 30, 2026 as compared to the three and six months ended June 30, 2025 due to fewer holdings in dividend-paying equity investments and reductions in distributions from the investment in the CLO JV which distributed $5.1 million and $7.1…
Other income is comprised of non-refundable carry fees, early repayment fees, and amendment fees on new and amended debt positions. There were no significant changes in other income for the three months ended June 30, 2026 as compared to the three months ended June 30, 2025. The six months ended Jun…
Realized gain for the three and six months ended June 30, 2026 includes approximately $2.7 million from the realization of our investment in Stone Ridge Opportunities Fund, LP (“Stone Ridge”), $1.9 million from distributions from our investment in CW Opportunity 2 LP, and $1.3 million from the parti…
Net realized gain for the three and six months ended June 30, 2025 includes $0.2 million in gains from the realization of our investment in Lummus Technology Holdings unsecured bonds and $0.1 million in gains from the realization of our investment in Harvey Gulf term loan. Net realized gain for the …
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-11-02
To illustrate the potential impact of a change in the underlying interest rate on our net investment income, we have assumed a 1%, 2%, and 3% increase and 1%, 2%, and 3% decrease in the underlying reference rate, and no other change in our portfolio and outstanding revolving credit facility borrowin…
Text removed vs the prior filing · source: 10-Q · 2026-08-05
To illustrate the potential impact of a change in the underlying interest rate on our net investment income, we have assumed a 1%, 2%, and 3% increase and 1%, 2%, and 3% decrease in the underlying reference rate, and no other change in our portfolio as of June 30, 2026. We have also assumed there ar…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice