---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-036509"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T01:42:07.089170+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-25-036509
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000095017025036509/0000950170-25-036509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000095017025036509/gecc-20250310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-036509
- JSON: https://secwatch.observer/filing/0000950170-25-036509.json
- Plain text: https://secwatch.observer/filing/0000950170-25-036509.txt

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