Great Elm Capital Q4 NII $0.43/share; raised $24M equity at NAV; dividend $0.35

Great Elm Capital Corp.

2023-FY EPS reported $3.33

Q4 NII $3.3M ($0.43/sh) vs $3.1M ($0.40) in Q3; full-year NII $12.5M ($1.65) exceeded $1.50 dividends.
Net assets rose to $98.7M ($12.99/sh) from $97.9M ($12.88) in Q3; asset coverage 169%.
Feb 2024 raised $24M equity at NAV via SPV, with $6M from Great Elm Group; amended revolver to 2027 at SOFR+300bps.
Board approved $0.35 Q1 dividend (13.1% annualized yield on $10.66 close); paid $0.10 special in Jan.
Weighted average debt yield 13.8%; deployed $29.9M at 14% yield; monetized $36.2M at 11% yield.

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 0.95

Great Elm Capital Corp. reported the quarter ended December 31, 2023 results: revenue $9.2 million, EPS $0.55 per share.

Period: the quarter ended December 31, 2023
Revenue: $9.2 million
EPS: $0.55 per share
Result: reported results

Exact text from the filing

12.5%. Sales aggregated to $21.4 million at a weighted average current yield of 9.6%. - 2 - Financial Review Total investment income for the quarter ended December 31, 2023 was $9.2 million, or $1.21 per share. Net expenses for the quarter ended December 31, 2023 were approximately $5.7 million, or $0.74 per share. Net realized and unrealized gains for the quarter

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Great Elm Capital Corp. reported financial results for the full year ended December 31, 2023.

Period: the full year ended December 31, 2023
Result: reported results

Exact text from the filing

Full Year 2023 NII of $12.5 million, or $1.65 per share, exceeded $1.50 per share of total declared dividends in 2023.

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Great Elm Capital Corp. filing history →

Source: SEC EDGAR

accession 0000950170-24-022641

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