secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0000950170-24-012860
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Capital raises $24M equity at NAV; Q4 NAV $12.99/share, NII $0.43; declares $0.35 dividend
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- Issued 1,850,424 shares at $12.97 NAV/share for $24M gross in private placement; $6M from Great Elm Group.
- Preliminary Q4 2023 NAV of $98.7M ($12.99/share) and net investment income of $0.43/share.
- Board declared Q1 2024 distribution of $0.35/share, equating to 14.6% yield on Feb 8 close of $10.26.
- CEO says non-dilutive capital supports growth strategy and portfolio diversification.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017024012860/0000950170-24-012860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017024012860/gecc-20240208.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012860

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