Great Elm Capital Corp. Q2 NII $0.23/sh, NAV drops to $12.84; declares $0.45 dividend

Great Elm Capital Corp.

2023-Q2 EPS reported -$1.97

NII per share $0.23 vs $1.31 in Q1; EPS ($0.87) on realized/unrealized losses of ($5.7M).
NAV per share fell to $12.84 from $15.06 (Q1/22) and $23.40 (Q2/21).
Completed rights offering: ~3.0M shares sold at $12.50, gross proceeds $37.5M.
Quarterly dividend of $0.45/sh approved for Q4 2022; 14.0% annualized yield on NAV.
Total investments $204.6M; deployed $44.7M into 27 investments at 9.2% yield.

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