Stellus Capital Investment Corporation Announces $0.40 Second Quarter 2023 Regular Dividend, Payable Monthly in Increments of $0.1333 in May, June, and July 2023

Rhea-AI Summary

Stellus Capital Investment Corporation (NYSE: SCM) declared a monthly dividend of $0.1333 for April, May, and June 2023, resulting in a total of $0.40 per share for the second quarter of 2023. The dividend was announced on April 19, 2023, with the ex-dividend dates set for April 28, May 30, and June 29, 2023. Shareholders on record will receive payments on May 15, June 15, and July 14, 2023. Stellus aims to maximize total returns for shareholders through investments in private middle-market companies, typically with EBITDA ranging from $5.0 million to $50.0 million.

Positive

• Declaration of a monthly dividend of $0.1333, totaling $0.40 for Q2 2023, enhances shareholder income.
• Consistent dividend payments reflect confidence in financial stability and cash flow.

Negative

• None.

HOUSTON, April 19, 2023 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced that its Board of Directors has declared a monthly dividend of $0.1333 for each of April, May, and June, totaling $0.40 per share in the aggregate for the second quarter of 2023. The regular dividend of $0.40 per share will be paid to shareholders of record as detailed below.

Summary of Second Quarter 2023 Regular Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
4/19/2023	4/28/2023	5/1/2023	5/15/2023	$0.1333
4/19/2023	5/30/2023	5/31//2023	6/15/2023	$0.1333
4/19/2023	6/29/2023	6/30/2023	7/14/2023	$0.1333

About Stellus Capital Investment Corporation

The Company 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. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien, second lien, unitranche and mezzanine debt financing, and corresponding equity investments. The Company's investment activities are managed by its investment adviser, Stellus Capital Management. To learn more about Stellus Capital Investment Corporation, visit www.stelluscapital.com under the "Public (SCIC)" link.

FORWARD-LOOKING STATEMENTS

Statements included herein may contain "forward-looking statements" which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contacts
Stellus Capital Investment Corporation
W. Todd Huskinson, (713) 292-5414
Chief Financial Officer
thuskinson@stelluscapital.com

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SOURCE Stellus Capital Investment Corporation

FAQ

What is the dividend amount declared by Stellus Capital Investment Corporation for Q2 2023?

Stellus Capital Investment Corporation declared a monthly dividend of $0.1333, totaling $0.40 per share for Q2 2023.

When will the dividend payment be made to shareholders?

The dividend will be paid on May 15, June 15, and July 14, 2023, for the declared months.

What are the ex-dividend dates for Stellus Capital's Q2 2023 dividends?

The ex-dividend dates are April 28, May 30, and June 29, 2023.

How does Stellus Capital Investment Corporation plan to generate returns for its shareholders?

The company focuses on investing in private middle-market companies through various debt financing and equity investments.