Great Elm Capital Corp
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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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.
Sep 30, 2024 · Filed Oct 31, 2024
GECC$5.01+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Assets and Liabilities (unaudited)
Dollar amounts in thousands (except per share amounts)
| September 30, 2024 · December 31, 2023 | ||||
|---|---|---|---|---|
| Assets | ||||
| Investments | ||||
| Non-affiliated, non-controlled investments, at fair value (amortized cost of $259,732 and $179,626, respectively) | $256,777 | $183,335 | ||
| Non-affiliated, non-controlled short-term investments, at fair value (amortized cost of $85,484 and $10,807, respectively) | 85,474 | 10,807 | ||
| Affiliated investments, at fair value (amortized cost of $12,378 and $13,423, respectively) | - | 1,067 | ||
| Controlled investments, at fair value (amortized cost of $80,642 and $46,300, respectively) | 76,506 | 46,210 | ||
| Total investments | 418,757 | 241,419 | ||
| Cash and cash equivalents | 305 | 953 | ||
| Receivable for investments sold | 3,121 | 840 | ||
| Interest receivable | 3,652 | 2,105 | ||
| Dividends receivable | 622 | 1,001 | ||
| Due from portfolio company | 1 | 37 | ||
| Deferred financing costs | 262 | 335 | ||
| Prepaid expenses and other assets | 306 | 135 | ||
| Total assets | $427,026 | $246,825 | ||
| Liabilities | ||||
| Notes payable (including unamortized discount of $5,317 and $2,896, respectively) | $229,967 | $140,214 | ||
| Payable for investments purchased | 66,043 | 3,327 | ||
| Interest payable | 170 | 32 | ||
| Accrued incentive fees payable | 2,594 | 1,431 | ||
| Distributions payable | - | 760 | ||
| Due to affiliates | 1,445 | 1,195 | ||
| Accrued expenses and other liabilities | 981 | 1,127 | ||
| Total liabilities | $301,200 | $148,086 | ||
| Commitments and contingencies (Note 7) | $ | - | $ | - |
| Net Assets | ||||
| Common stock, par value $0.01 per share (100,000,000 shares authorized, 10,449,888 shares issued and outstanding and 7,601,958 shares issued and outstanding, respectively) | $104 | $76 | ||
| Additional paid-in capital | 319,438 | 283,795 | ||
| Accumulated losses | (193,716) | (185,132) | ||
| Total net assets | $125,826 | $98,739 | ||
| Total liabilities and net assets | $427,026 | $246,825 | ||
| Net asset value per share | $12.04 | $12.99 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.