---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-063649"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T17:43:46.463307+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Great Elm Capital Corp posts record Q1 TII of $12.5M; NII $0.40/share, dividend raised to $0.37

## Summary
- Total investment income record $12.5M ($1.08/share); NII $4.6M ($0.40/share) vs $2.1M ($0.20) in Q4 2024.
- Quarterly dividend increased 5.7% to $0.37/share, paid Mar 31; Board approved $0.37 for Q2 2025 (14.7% annualized yield on $10.09 close).
- Net asset value $132.3M ($11.46/share) down from $136.1M ($11.79) due to unrealized losses; asset coverage 163.8%.
- CLO JV contributed $3.8M cash distributions in Q1, plus $4.3M in April; debt portfolio yield 12.3% with 73% floating rate.
- EPS $0.04 vs $(0.05) in Q1 2024; deployed $37.4M into 16 investments at 15.1% yield.

## SEC filing metadata
- accession: 0000950170-25-063649
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000095017025063649/0000950170-25-063649-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000095017025063649/gecc-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-063649
- JSON: https://secwatch.observer/filing/0000950170-25-063649.json
- Plain text: https://secwatch.observer/filing/0000950170-25-063649.txt

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