GECC Q4 NII down to $0.20/share; Board raises dividend 5.7% to $0.37

Great Elm Capital Corp.

Q4 NII $2.1M ($0.20/sh) vs $4.1M ($0.39/sh) in Q3; pressured by lower CLO JV distributions and financing costs.
NAV per share $11.79 (Dec 31) down from $12.04 (Sep 30); asset coverage 169.7%.
Quarterly dividend raised 5.7% to $0.37/sh for Q1 2025; special $0.05 paid in Dec 2024.
Raised $13.2M equity at NAV in Dec from SGP; $3.3M from Great Elm Group.
CLO JV distributed $0.5M in Q4 but $3.8M in 2025 YTD; mgmt expects stronger NII in 2025.

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