Great Elm Capital Corp Q3 2022 NII $0.14/sh; NAV $12.56; declares $0.45 dividend

Great Elm Capital Corp.

2022-Q3 EPS reported -$1.43

Net investment income $1.1M ($0.14/sh) vs. $0.23/sh in Q2; costs tied to healthcare platform formation.
NAV per share $12.56, down from $12.84 in Q2 and $22.17 a year ago; asset coverage 165.5%.
Declared Q4 dividend $0.45/sh, equating to 14.3% annualized yield on NAV and 18% on closing price.
Launched Great Elm Healthcare Finance, a specialty asset-based lending platform led by Michael Gervais.
Deployed $39.9M into 24 investments at 12.1% yield; portfolio fair value $217M with 48% floating-rate debt.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Great Elm Capital Corp. reported financial results for the third quarter ended September 30, 2022.

Period: the third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

Great Elm Capital Corp. (“we,” “us,” “our,” the “Company” or “GECC,”) (NASDAQ: GECC), a business development company, today announced its financial results for the third quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0000950170-22-021553

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