secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0000950170-25-036509
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017025036509/0000950170-25-036509-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017025036509/gecc-20250310.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-036509

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