CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Great Elm Capital Corp. (GECC)

BDC - Debt Focused BDC

Data as of Oct. 21, 2021
Market Price $3.51 (+ $0.02)
NAV (June 30, 2021) $3.90 ( $0.00)
Premium / Discount -10.00% (+0.51%)
Fund Info
Inception Nov. 7, 2016
Sponsor Great Elm Capital Management, Inc.
Website www.greatelmcc.com/
Location Massachusetts
Incorporated Maryland
Staggered Board Yes
Objective: current income and capital appreciation by investing in middle-market companies that operate in a diverse range of industries.
Related Indexes
High Income Index
Capital & Leverage
Outstanding Shares 23,508,232
Total Assets (Reported: June 30, 2021) $397M
Estimated Total Assets $156M
Net Assets $92M
Market Cap $83M
Portfolio Turnover 35.00%
Debt-to-Equity 1.7945
Total Leverage 41.35%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 19.38%
Non Lev Exp Ratio 8.63%
Gross Asset Expense Ratio 4.15%
Gross Asset Non Lev Exp Ratio 1.85%
Rel Lev Cost 5.57%
Discount Data
Average Discount (3 Yr) -19.34%
Discount Low(3 Yr) -69.64%
Discount High(3 Yr) 16.47%
Discount Rel Range 69.26%
Comp Discount -15.09
Discount St Dev (1Yr) 13.43
Z-Stat (6mo) 0.48
Z-Stat (1Yr) 0.35
Z-Stat (3Yr) 0.72
Comp Z-Stat (6mo) -0.18
Comp Z-Stat (3Yr) -0.27
Distribution Data
Market Yield 11.40%
Income Yield 11.40%
Lev Adj NAV Yield 7.26%
Av Yield on Debt Investments 11.10
Distribution Frequency Q
Current Distribution $0.100
Current Income $0.100
Ex-Date 9/14/21
Payable Date 9/30/21
Div Growth (3yr) 20.48%
Dividend Change 20.5% on 2/24/21
Expected Div 11/22/21
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2019
Income 100%
ST Gains 0%
QDI 15.0%
LT Gains 0%
RoC 0%
Volume & Liquidity
Average Daily $ (M) $322
Avg Volume 30 day 72,412
Avg Volume 90 day 91,867
Volume Trend -21.18%
Comp Volume Trend -19.28%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): OFS 64.0%
Price St Dev (1Yr) 36.7%
NAV St Dev (1Yr) 39.5%
Earnings / Share (6/30/21) $0.089
Adj Core NII Coverage 89.46%
1 Yr Avg NII Coverage 109.46%
1 Yr Avg Adj Core NII Coverage 109.46%
NII Trend -38.19%
Adj Core NII Trend -38.19%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 1.10%
% Loans with Libor Floor 36%


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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