---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057728"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:33:29.224439+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-057728
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000095017023057728/0000950170-23-057728-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000095017023057728/gecc-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057728
- JSON: https://secwatch.observer/filing/0000950170-23-057728.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057728.txt

## Key facts
- Earnings Releases
  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
  source text: ▪ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675033/000095017023057728/0000950170-23-057728-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.