secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000950170-22-021553
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017022021553/0000950170-22-021553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017022021553/gecc-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-021553

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