---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-089287"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:51:42.031642+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GECC Q2 NII $0.32 vs $0.37 Q1; NAV $12.06; illiquid asset write-downs $0.39/sh

## Summary
- Net investment income $3.1M ($0.32/sh) vs $3.2M ($0.37/sh) Q1; GAAP EPS ($0.14).
- NAV per share $12.06, down from $12.57 Q1, hurt by $0.39/sh write-downs on previously non-accrual illiquid assets.
- Raised $12M equity at NAV from Prosper Peak in June; issued $34.5M 8.50% notes Apr & $22M more July.
- Board declared $0.35/sh quarterly dividend, payable Sep 30, record Sep 16; 13.0% yield on $10.73 market price.
- Debt portfolio yield 13.1%; deployed $108.9M at 11.6% yield; asset coverage 171.0% (down from 180.2% Q1).

## SEC filing metadata
- accession: 0000950170-24-089287
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2024-08-01T23:59:59+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/1675033/000095017024089287/0000950170-24-089287-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000095017024089287/gecc-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-089287
- JSON: https://secwatch.observer/filing/0000950170-24-089287.json
- Plain text: https://secwatch.observer/filing/0000950170-24-089287.txt

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