---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-021553"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:24:00.467280+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-021553
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000095017022021553/0000950170-22-021553-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000095017022021553/gecc-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-021553
- JSON: https://secwatch.observer/filing/0000950170-22-021553.json
- Plain text: https://secwatch.observer/filing/0000950170-22-021553.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675033/000095017022021553/0000950170-22-021553-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.