secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037550
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017023037550/0000950170-23-037550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017023037550/gecc-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037550

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