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Stellus Capital Investment Corporation (NYSE: SCM) is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Headquartered in Houston, Texas, Stellus Capital is dedicated to maximizing the total return for its stockholders through a combination of current income and capital appreciation.
The company primarily invests in private middle-market companies with EBITDA ranging between $5 million to $50 million. Stellus Capital employs a strategic investment approach utilizing first lien, second lien, unsecured debt, and mezzanine debt financing, often coupled with corresponding equity co-investments. The sectors targeted by the company include business services, energy, industrials, government services, healthcare, software, and specialty finance.
Stellus Capital Investment Corporation is managed by its investment adviser, Stellus Capital Management, a firm known for its financial acumen and industry expertise. The company generates revenue primarily from interest income on debt investments, capital gains, and distributions.
Recent financial performances underscore the company's robust operational strategy. For the quarter ended September 30, 2023, Stellus reported a U.S. GAAP net investment income of $0.47 per share and core net investment income of $0.49 per share, covering the regular dividend declared of $0.40 per share. The loan portfolio, valued at $886 million, is yielding 11.5%. Operating expenses were detailed at $16.3 million against an investment income of $27.2 million for the same period.
Stellus maintains a solid liquidity position with a senior secured revolving credit agreement allowing for borrowings up to $265 million, with potential expansion up to $280 million. As of September 30, 2023, $162.3 million was outstanding under this facility. The company also raised $21.9 million through its At-the-Market Program (ATM Program) during the quarter.
The Board of Directors has declared consistent monthly dividends, affirming the company's commitment to shareholder returns. For the first quarter of 2024, a total of $0.40 per share will be distributed, reflecting financial stability and consistent income generation capabilities.
Stellus Capital continues to engage in disciplined portfolio management and prudent investment strategies, ensuring sustained growth and value maximization for its investors. For more information on Stellus Capital Investment Corporation, please visit their website.
Stellus Capital Investment Corporation (NYSE: SCM) reported positive financial results for the second quarter of 2022, covering its dividend with a net investment income of $6.17 million ($0.32 per share). The portfolio's fair value grew to $852 million, and the bank credit facility was expanded to $265 million. The yield on loans increased by 80 basis points since Q1. An additional dividend of $0.06 was declared for Q3, totaling $0.34 per share. Despite unrealized depreciation on investments of $4.29 million, the company maintains asset quality.
Stellus Capital Investment Corporation (NYSE: SCM) will announce its financial results for Q2 2022 on August 3, 2022, after market close. A conference call to discuss the results is scheduled for August 4, 2022, at 11:00 AM CDT, hosted by CEO Robert T. Ladd and CFO W. Todd Huskinson. Investors can access the call via phone or a live webcast on their website. Stellus Capital focuses on maximizing returns for stockholders through investments in private middle-market companies, utilizing various debt financing methods.
Stellus Capital Investment Corporation (NYSE: SCM) has declared a monthly dividend of $0.0933 and an additional dividend of $0.02 for July, August, and September 2022, totaling $0.34 per share for the third quarter. The regular dividend will be paid alongside an additional dividend, constituting $0.34 in total for shareholders of record. Key dates include the ex-dividend dates on July 28, August 30, and September 29, with payment dates scheduled for August 15, September 15, and October 14.
Stellus Capital Management announced the final close of the Stellus Credit Fund III (SCF III), surpassing its target by raising approximately
Stellus Capital Investment Corporation (NYSE: SCM) reported solid financial results for Q1 2022, achieving net investment income of $5.51 million, or $0.28 per share, compared to $5.06 million, or $0.26 per share, in Q1 2021. The company's portfolio increased in fair value by $65 million, reaching $838 million. A total of $3.4 million in realized gains was generated, with a quarterly dividend of $0.28 per share covered by net investment income. An additional dividend of $0.06 for Q2 2022 was declared, totaling $0.34 per share, payable in three increments.
Stellus Capital Investment Corporation (NYSE: SCM) will announce its financial results for Q1 ending March 31, 2022, on May 11, 2022, post-market close. A conference call will follow on May 12, 2022, at 10:00 AM CDT, hosted by CEO Robert T. Ladd and CFO W. Todd Huskinson. Investors may join the call via phone or live webcast through Stellus Capital's website. The company focuses on private middle-market investments, aiming to maximize total returns for shareholders through various financing methods.
Stellus Capital Investment Corporation (NYSE: SCM) reported strong financial results for the fourth quarter and full year 2021. The company achieved a net investment income of $19.8 million, or $1.01 per share, despite a slight decline from $22.0 million in 2020. They raised their quarterly dividend from $0.25 to $0.28 and declared an additional $0.09 per share. Total realized income reached $40.5 million, bolstered by $20.8 million in realized gains from equity investments. The net asset value per share increased to $14.61, reflecting a solid investment portfolio growth.
Stellus Capital Investment Corporation (NYSE: SCM) will announce its fourth-quarter and annual financial results for the year ending December 31, 2021 on March 1, 2022, post-market close. A conference call to discuss the results will take place on March 2, 2022, at 9:00 AM CST, led by CEO Robert T. Ladd and CFO Todd Huskinson. Investors can access the call via phone or live webcast through the company’s website. Stellus Capital focuses on private middle-market companies through various debt financing and equity investments.
Stellus Capital Investment Corporation (NYSE: SCM) declared a monthly dividend of $0.0933 per share for January, February, and March 2022, resulting in an aggregate dividend of $0.28 for the first quarter. This includes an additional previously declared dividend of $0.06 per share, totaling $0.34 to be paid to shareholders. The ex-dividend dates are set between January 27 and March 30, with payment dates scheduled between February 15 and April 15, 2022.
On November 11, 2021, Stellus Capital Investment Corporation (NYSE: SCM) announced a public offering of its common stock, intending to utilize the proceeds for repaying its credit facility and investing in portfolio companies. The offering will be conducted under an effective shelf registration statement with the SEC. Joint book-running managers include Keefe, Bruyette & Woods, Wells Fargo, Oppenheimer, and Goldman Sachs. Investors are urged to read the prospectus supplement for vital information regarding investment risks and objectives.
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