Stellus Capital Investment Corporation Announces Ex-Dividend Date Changes to its $0.40 Second Quarter 2024 Regular Dividend, Payable Monthly in Increments of $0.1333 in May, June, and July 2024

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Stellus Capital Investment (SCM) announced changes to ex-dividend dates for monthly dividends in June and July 2024 due to compliance with amended Securities Exchange Act Rule 15c6-1. The Company declared a monthly dividend of $0.1333 for April, May, and June, totaling $0.40 per share for the second quarter of 2024.

HOUSTON, April 5, 2024 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) today announced changes to the ex-dividend dates related to the Company's monthly dividends payable in June and July 2024. The changes are a result of compliance with the amended Securities Exchange Act Rule 15c6-1 (a) to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date to one business day after the trade date. This shortened settlement cycle applies to all applicable securities transactions occurring on or after May 28, 2024.

The Company previously announced on April 4, 2024 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 2024. The regular dividend of $0.40 per share will be paid to shareholders of record in May, June, and July 2024.

Summary of Second Quarter 2024 Regular Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
4/3/2024	4/29/2024	4/30/2024	5/15/2024	$0.1333
4/3/2024	5/31/2024	5/31/2024	6/14/2024	$0.1333
4/3/2024	6/28/2024	6/28/2024	7/15/2024	$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 changes did Stellus Capital Investment (SCM) announce regarding ex-dividend dates?

SCM announced changes to ex-dividend dates for monthly dividends in June and July 2024 due to compliance with amended Securities Exchange Act Rule 15c6-1.

What was the total monthly dividend declared by Stellus Capital Investment (SCM) for the second quarter of 2024?

SCM declared a total monthly dividend of $0.40 per share for the second quarter of 2024, with $0.1333 for each of April, May, and June.

When will the regular dividend of $0.40 per share be paid to shareholders of Stellus Capital Investment (SCM)?

The regular dividend of $0.40 per share will be paid to shareholders of record in May, June, and July 2024.