Great Elm Capital Corp
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
GECC$5.01+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations (unaudited)
Dollar amounts in thousands (except per share amounts)
| For the Three Months Ended June 30, · For the Six Months Ended June 30, | ||||||
|---|---|---|---|---|---|---|
| 2024 · 2023 · 2024 · 2023 | ||||||
| Investment Income: | ||||||
| Interest income from: | ||||||
| Non-affiliated, non-controlled investments | $5,968 | $5,836 | $11,955 | $11,312 | ||
| Non-affiliated, non-controlled investments (PIK) | 811 | 590 | 1,441 | 1,039 | ||
| Affiliated investments | 31 | 32 | 64 | 62 | ||
| Controlled investments | 953 | 623 | 1,884 | 1,065 | ||
| Controlled investments (PIK) | - | - | - | 233 | ||
| Total interest income | 7,763 | 7,081 | 15,344 | 13,711 | ||
| Dividend income from: | ||||||
| Non-affiliated, non-controlled investments | 1,045 | 327 | 1,431 | 645 | ||
| Controlled investments | 525 | 700 | 910 | 1,316 | ||
| Total dividend income | 1,570 | 1,027 | 2,341 | 1,961 | ||
| Other commitment fees from non-affiliated, non-controlled investments | 175 | 802 | 700 | 1,604 | ||
| Other income from: | ||||||
| Non-affiliated, non-controlled investments | 40 | 67 | 72 | 111 | ||
| Total other income | 40 | 67 | 72 | 111 | ||
| Total investment income | $9,548 | $8,977 | $18,457 | $17,387 | ||
| Expenses: | ||||||
| Management fees | $1,068 | $884 | $2,008 | $1,753 | ||
| Incentive fees | 764 | 842 | 1,562 | 1,552 | ||
| Administration fees | 396 | 341 | 781 | 636 | ||
| Custody fees | 36 | 21 | 72 | 43 | ||
| Directors’ fees | 54 | 53 | 108 | 105 | ||
| Professional services | 413 | 434 | 801 | 970 | ||
| Interest expense | 3,473 | 2,769 | 6,280 | 5,590 | ||
| Other expenses | 286 | 265 | 589 | 503 | ||
| Total expenses | $6,490 | $5,609 | $12,201 | $11,152 | ||
| Net investment income before taxes | $3,058 | $3,368 | $6,256 | $6,235 | ||
| Excise tax | $ | - | $ | - | $5 | $28 |
| Net investment income | $3,058 | $3,368 | $6,251 | $6,207 | ||
| Net realized and unrealized gains (losses): | ||||||
| Net realized gain (loss) on investment transactions from: | ||||||
| Non-affiliated, non-controlled investments | $155 | $542 | $2,511 | $2,387 | ||
| Affiliated investments | (625) | - | (625) | - | ||
| Total net realized gain (loss) | (470) | 542 | 1,886 | 2,387 | ||
| Net change in unrealized appreciation (depreciation) on investment transactions from: | ||||||
| Non-affiliated, non-controlled investments | (3,856) | 3,054 | (7,389) | 5,835 | ||
| Affiliated investments | 827 | (11) | (23) | 152 | ||
| Controlled investments | (885) | (1,751) | (2,509) | (1,219) | ||
| Total net change in unrealized appreciation (depreciation) | (3,914) | 1,292 | (9,921) | 4,768 | ||
| Net realized and unrealized gains (losses) | $(4,384) | $1,834 | $(8,035) | $7,155 | ||
| Net increase (decrease) in net assets resulting from operations | $(1,326) | $5,202 | $(1,784) | $13,362 | ||
| Net investment income per share (basic and diluted): | $0.32 | $0.44 | $0.69 | $0.82 | ||
| Earnings per share (basic and diluted): | $(0.14) | $0.68 | $(0.20) | $1.76 | ||
| Weighted average shares outstanding (basic and diluted): | 9,551,037 | 7,601,958 | 9,105,190 | 7,601,958 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.