secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2025-05-05T23:59:59+00:00
Accession:  0000950170-25-063649
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017025063649/0000950170-25-063649-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017025063649/gecc-20250505.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-063649

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