CEF Advisors AICA Event NAVigator Podcast

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Great Elm Capital Corp. (GECC)

BDC - Debt Focused BDC

Data as of April 23, 2024
Current
Market Price $10.46 (+ $0.31)
NAV (Dec. 31, 2023) $12.99 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -19.48% (+2.39%)
Fund Info
Inception Nov. 7, 2016
Sponsor Great Elm Capital Management, Inc.
Website www.greatelmcc.com/
Phone
Location Massachusetts
Incorporated Maryland
Staggered Board Yes
Term Date N/A
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 9,452,382
Total Assets (Reported: Dec. 31, 2023) $246M
Estimated Total Assets $284M
Net Assets $123M
Market Cap $99M
Portfolio Turnover 98.00%
Debt-to-Equity 1.4200
Total Leverage 56.81%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 25.17%
Non Lev Exp Ratio 13.15%
Gross Asset Expense Ratio 9.53%
Gross Asset Non Lev Exp Ratio 4.98%
Rel Lev Cost 8.01%
Discount Data
Average Discount (3 Yr) -15.90%
Discount Low(3 Yr) -37.38%
Discount High(3 Yr) 15.45%
Discount Rel Range (3 Yr) 33.89%
Comp Discount -19.15
Discount St Dev (1Yr) 7.04
Z-Stat
Z-Stat (6mo) 0.02
Z-Stat (1Yr) 0.66
Z-Stat (3Yr) -0.33
Comp Z-Stat (6mo) -0.93
Comp Z-Stat (3Yr) -0.91
Distribution Data
Market Yield 13.38%
Income Yield 13.38%
Lev Adj NAV Yield 6.87%
Av Yield on Debt Investments 13.80
Distribution Frequency Q
Current Distribution $0.350
Current Income $0.350
Ex-Date 3/14/24
Payable Date 3/29/24
Div Growth (3yr) -41.67%
Dividend Change -22.2% on 3/2/23
Expected Div 5/3/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 100% 99.3%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0.7%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $184
Avg Volume 30 day 15,551
Avg Volume 90 day 17,611
Volume Trend -11.70%
Comp Volume Trend 2.54%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
11.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
40.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
45.0%
Most Correlated Peer (Mk Pr): TSLX 63.0%
Price St Dev (1Yr) 28.3%
NAV St Dev (1Yr) 6.2%
Earnings
Earnings / Share (12/31/23) $0.432
Adj Core NII Coverage 123.35%
1 Yr Avg NII Coverage 117.84%
1 Yr Avg Adj Core NII Coverage 117.84%
NII Trend 2.05%
Adj Core NII Trend 2.05%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.78
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.73
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.65
Portfolio Data
Avg Libor Floor % 0.98%
% Loans with Libor Floor 67%

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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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