secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0000950170-23-005688
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Capital Q4 2022 NII $0.30/share, NAV $11.16, declares $0.35 dividend
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- NII $2.3M ($0.30/share) more than doubled from Q3 2022 ($0.14) on higher-yielding floating-rate investments.
- Net assets $84.8M ($11.16/share) down from $95.5M ($12.56) in Q3 2022 due to unrealized losses.
- Board declared $0.35/share quarterly dividend for Q1 2023 (12.5% yield on Dec 31 NAV).
- Formed Great Elm Healthcare Finance with Berkadia; closed three healthcare asset-based loans in Dec 2022.
- Deployed $37.6M into 22 investments at 11.8% weighted average yield; monetized $20.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017023005688/0000950170-23-005688-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017023005688/gecc-20230302.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-005688

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