---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-022641"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:52:11.147580+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-022641
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000095017024022641/0000950170-24-022641-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000095017024022641/gecc-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-022641
- JSON: https://secwatch.observer/filing/0000950170-24-022641.json
- Plain text: https://secwatch.observer/filing/0000950170-24-022641.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675033/000095017024022641/0000950170-24-022641-index.htm
- Earnings Releases
  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
  source text: Full Year 2023 NII of $12.5 million, or $1.65 per share, exceeded $1.50 per share of total declared dividends in 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675033/000095017024022641/0000950170-24-022641-index.htm

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