80-40615409

September 29, 2016

VIA EDGAR

U.S. Securities and Exchange Commission 100 F Street, NE Washington, DC 20549

RE: Form 40-33 – Civil Action Document Filed Against Full Circle Capital Corporation (File No. 1:16-cv-03237-RDB)

Ladies and Gentlemen:

Pursuant to Section 33 of the Investment Company Act of 1940, as amended, enclosed for filing please find a copy of the complaint filed in the United States District Court for the District of Maryland by Daniel Saunders, on behalf of himself and all others similarly situated, against Full Circle Capital Corporation (the "Company"), Mark C. Biderman, Edward H. Cohen, Terence Flynn, Thomas A. Ortwein, John E. Stuart, Gregg J. Felton, Great Elm Capital Corp., Great Elm Capital Group, Inc. and Mast Capital Management, LLC, involving the Company and certain directors and officers of the Company that has been delivered to the Company.

Please do not hesitate to contact me at (203) 900-2104 if you have any questions regarding this filing.

Sincerely,

/s/ Michael J. Sell

Michael J. Sell Chief Financial Officer, Treasurer and Secretary

Enclosure:

cc: Peter Reed, Chief Executive Officer, Great Elm Capital Corp. Michael K. Hoffman, Skadden, Arps, Slate, Meagher & Flom LLP John J. Mahon, Schulte Roth & Zabel LLP

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