secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000950170-23-057728
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 Q3 NII $0.40/share, NAV rises to $12.88, dividend $0.35
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017023057728/0000950170-23-057728-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017023057728/gecc-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-057728

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