Business Context and Reporting Period
This Form 8-K filing by Great Elm Capital Corp. reports events occurring on December 26, 2018, with the report dated December 27, 2018. The filing primarily addresses the declaration of a special distribution and the scheduling of upcoming quarterly base distributions.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to shareholder distributions:
- Special Distribution: $0.24 per share.
- Q1 2019 Monthly Base Distribution: $0.083 per share.
Material Changes
The material event reported is the Board of Directors' declaration of a special distribution of $0.24 per share to stockholders of record on December 28, 2018. Additionally, the Company confirmed the record and payment dates for the previously announced Q1 2019 monthly base distributions.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on operational outlook, or discussion of risks and contingencies beyond the standard incorporation of the press release. The document focuses strictly on the mechanics of the distribution payments.
Distribution Schedule
| Month | Rate | Record Date | Payable Date |
|---|---|---|---|
| January | $0.083 | January 31, 2019 | February 15, 2019 |
| February | $0.083 | February 28, 2019 | March 15, 2019 |
| March | $0.083 | March 29, 2019 | April 15, 2019 |
Investor Verification Checklist
- Verify the record date of December 28, 2018, to confirm eligibility for the $0.24 special distribution.
- Confirm the total cash outflow impact of the special distribution combined with the Q1 2019 base distributions.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the source of funds for the special distribution.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-Q or 10-K for revenue and liquidity metrics.