secwatch.observer — SEC 8-K summary
======================================

Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0000950170-24-022641
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017024022641/0000950170-24-022641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017024022641/gecc-20240229.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-022641

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