Ladies and gentlemen, thank you for standing by, and welcome to Great Elm Capital Group's Fiscal Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Mr. Adam Yates. Please go ahead.

Thank you, Michelle, and good morning, everyone. Thank you for joining us for Great Elm Capital Group's Fiscal Fourth Quarter and Full Year 2020 Earnings Conference Call. As a reminder, this webcast is being recorded on Friday, September 18, 2020. If you'd like to be added to our distribution list, you can either e-mail investorrelations@greatelmcap.com or sign up for alerts directly on our website. The slide presentation accompanying this morning's conference call and webcast can be found on Great Elm Capital Group's website, www.greatelmcap.com under Events and Presentations. A link to the webcast is also available on our website as well as in the press release that was disseminated to announce the quarterly and annual results. I'd like to call your attention to the customary safe harbor statement regarding forward-looking information. Also, please note that nothing in today's call constitutes an offer to sell or a solicitation of offers to purchase our securities. Today's conference call includes forward-looking statements and projections, and we ask that you refer to Great Elm Capital Group's filings with the SEC for important factors that could cause actual results to differ materially from these projections. Great Elm Capital Group does not undertake to update its forward-looking statements unless required by law. To obtain copies of the SEC filings, please visit Great Elm Capital Group's website under Financial Info and select SEC Filings. Hosting our call this morning is Peter Reed, Great Elm Capital Group's Chief Executive Officer. I will now turn the call over to Peter.

Thank you, Adam, and good morning, everyone. Thank you for joining us today. I'm joined this morning by our President and COO, Adam Kleinman; our CFO, Brent Pearson; and 2 senior members of our investment team, Adam Yates and John Ehlinger. We will walk through an update on our operating companies, investment management, real estate and general corporate business segments as well as their associated financials. Where relevant in our prepared remarks, we will point you to the corresponding slide in the presentation that Adam referenced. Please turn to Slide 4 for a note to shareholders regarding our current operating environment. We have good momentum in both our DME business as well as our investment management business. Despite a significant negative impact from COVID-19, DME grew its revenue 7.9% year-over-year in the fiscal fourth quarter. DME generated $2.8 million of net income and $7.0 million of adjusted EBITDA in the quarter aided by $5.1 million of government assistance, which reduced its operating expenses. Importantly, DME has resumed its search for attractive add-on acquisition candidates. It is looking for businesses with complementary product lines in existing or tangential geographic markets. In our Investment Management business, Great Elm Capital Corp. has developed an attractive pipeline of potential investments in the specialty finance sector. We have focused on opportunities in this sector, in part because of the performance of GECC's investment in Prestige Capital, which has exceeded internal expectations. In order to capitalize upon this pipeline, GECC announced a rights offering on August 31. If completed, our AUM, revenue and earnings will increase. Please turn to Slide 6. During the quarter ended June 30, 2020, we reported consolidated revenue, net income and adjusted EBITDA of $16.0 million, $4.1 million and $7.0 million, respectively. We are intently focused on growing both revenue and profitability…

[Operator Instructions] I have no questions in queue. I'll turn the call back over to the presenters for closing remarks.

Thank you again for joining us this morning to discuss Great Elm Capital Group's Fiscal Fourth Quarter and Full Year 2020 Financial Results. We appreciate your support and we look forward to creating long-term shareholder value together. Please do not hesitate to reach out to us if we can be helpful with anything in follow-up and have a great day.

Thank you, everyone. This will conclude today's conference call. You may now disconnect.