Great Elm Capital Corp Q3 NII $0.40/share, NAV rises to $12.88, dividend $0.35

Great Elm Capital Corp.

2023-Q3 EPS reported $2.77

NII $3.1M ($0.40/share) vs $0.44 prior; NII covered dividend for third straight quarter.
Net assets $97.9M ($12.88/share), up from $92.9M ($12.21); coverage 168.4% vs 161.5%.
Refinanced $42.8M of 6.50% notes due 2024 with $40M of new 8.75% notes due 2028 and cash.
Quarterly dividend of $0.35/share for Q4 2023 (15.8% yield on $8.88 price).
Total investment income $9.3M; cash income highest ever, only 12% from PIK/accretion.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Great Elm Capital Corp. reported the third quarter ended September 30, 2023 results: revenue $9.3 million, EPS $1.02 per share.

Period: the third quarter ended September 30, 2023
Revenue: $9.3 million
EPS: $1.02 per share
Result: reported results

Exact text from the filing

▪ Third consecutive quarter of NII more than covering the dividend, even after refinancing items. ▪ Highest cash income quarter in the Company’s history, with only 12% of GECC’s $9.3 million Total Investment Income attributable to PIK and accretion income. ▪ Net assets increased to $97.9 million, or $12.88 per share, on September 30, 2023, as compared to $92.9

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Source: SEC EDGAR

accession 0000950170-23-057728

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