Great Elm Capital Corp. Q2 NII up 19% to $0.44/share, covers dividend; NAV grows to $12.21

Great Elm Capital Corp.

2023-Q2 EPS reported $1.76

Net investment income of $3.4M ($0.44/share), second consecutive quarter covering $0.35 dividend.
Total investment income $9.0M; only 13% from PIK/accretion, highest cash income quarter.
NAV per share $12.21, up from $11.88 in Q1; asset coverage ratio 161.5%.
Deployed $23M in new investments at 14.8% yield; exited Lenders Funding equity/sub notes.
Q3 dividend of $0.35/share declared, payable Sept 29, 2023 to record Sept 15.

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