---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-052084"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:36:45.576462+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GECC Q1 NII $0.37/share covers $0.35 dividend; NAV falls to $12.57 on $0.55 write-downs

## Summary
- NII per share $0.37 vs $0.43 in Q4 2023; EPS ($0.05) due to unrealized losses.
- NAV per share $12.57, down $0.42 from Dec 31, 2023, hit by $0.55 write-downs on illiquid legacy assets.
- Asset coverage ratio improved to 180.2% (pro forma post-notes ~166.9%) from 169.0%.
- Issued $34.5M of GECCI 8.50% notes due 2029 after quarter-end; repaid $5M revolver balance.
- Board maintained $0.35 quarterly dividend, payable June 28 to holders of record June 14.

## SEC filing metadata
- accession: 0000950170-24-052084
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000095017024052084/0000950170-24-052084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000095017024052084/gecc-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-052084
- JSON: https://secwatch.observer/filing/0000950170-24-052084.json
- Plain text: https://secwatch.observer/filing/0000950170-24-052084.txt

## Key facts
- Earnings Releases
  Great Elm Capital Corp. reported first quarter ended March 31, 2024 results: revenue $8.9 million, EPS ($0.05).
  - Period: first quarter ended March 31, 2024
  - Revenue: $8.9 million
  - EPS: ($0.05)
  - Result: reported results
  source text: yield of 12.2%. Sales aggregated to $12.4 million at a weighted average current yield of 9.7%. Financial Review Total investment income for the quarter ended March 31, 2024 was $8.9 million, or $1.03 per share. Net expenses for the quarter ended March 31, 2024 were approximately $5.7 million, or $0.66 per share. Net realized and unrealized losses for the quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675033/000095017024052084/0000950170-24-052084-index.htm

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