CEF Advisors AICA Event NAVigator Podcast

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Great Elm Capital Corp. (GECC)

BDC - Debt Focused BDC

Data as of July 1, 2022
Current
Market Price $12.70 (+ $0.20)
NAV (March 31, 2022) $15.06 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -15.67% (+1.33%)
Fund Info
Inception Nov. 7, 2016
Sponsor Great Elm Capital Management, Inc.
Website www.greatelmcc.com/
Phone
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 7,601,391
Total Assets (Reported: March 31, 2022) $315M
Estimated Total Assets $208M
Net Assets $114M
Market Cap $97M
Portfolio Turnover 52.00%
Debt-to-Equity 2.0536
Total Leverage 45.06%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio -2.15%
Non Lev Exp Ratio -16.61%
Gross Asset Expense Ratio -0.50%
Gross Asset Non Lev Exp Ratio -3.88%
Rel Lev Cost 7.51%
Discount Data
Average Discount (3 Yr) -14.93%
Discount Low(3 Yr) -69.64%
Discount High(3 Yr) 16.47%
Discount Rel Range 62.67%
Comp Discount -2.15
Discount St Dev (1Yr) 8.77
Z-Stat
Z-Stat (6mo) -1.05
Z-Stat (1Yr) -0.98
Z-Stat (3Yr) -0.05
Comp Z-Stat (6mo) 0.57
Comp Z-Stat (3Yr) 0.28
Distribution Data
Market Yield 14.17%
Income Yield 14.17%
Lev Adj NAV Yield 8.24%
Av Yield on Debt Investments 10.40
Distribution Frequency Q
Current Distribution $0.450
Current Income $0.450
Ex-Date 6/22/22
Payable Date 6/30/22
Div Growth (3yr) -9.64%
Dividend Change -25.0% on 5/11/22
Expected Div 8/10/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2021 2019 - 2021
Income 100% 99.3%
ST Gains 0% 0%
QDI 0% 5.0%
LT Gains 0% 0.7%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $300
Avg Volume 30 day 40,224
Avg Volume 90 day 23,645
Volume Trend 70.12%
Comp Volume Trend 53.65%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
5.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
-2.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
8.0%
Most Correlated Peer (Mk Pr): GSBD 28.0%
Price St Dev (1Yr) 27.5%
NAV St Dev (1Yr) 27.2%
Earnings
Earnings / Share (3/31/22) $1.294
Adj Core NII Coverage 53.12%
1 Yr Avg NII Coverage 174.88%
1 Yr Avg Adj Core NII Coverage 67.86%
NII Trend 224.31%
Adj Core NII Trend -25.48%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.38
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.61
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.54
Portfolio Data
Avg Libor Floor % 1.09%
% Loans with Libor Floor 31%

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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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