secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0000950170-22-014484
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017022014484/0000950170-22-014484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017022014484/gecc-20220804.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-014484

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer