Stellus Capital Investment Corporation Declares Additional Monthly Dividend of an aggregate of $0.06 Per Share to be Paid in the First Quarter of 2022

Rhea-AI Summary

On November 1, 2021, Stellus Capital Investment Corporation (NYSE: SCM) announced an additional quarterly dividend of $0.06 per share, to be paid in three monthly installments of $0.02 each starting February 15, 2022. This decision was driven by significant realized gains from their equity portfolio in Q3 2021. This dividend is in addition to the regular quarterly dividend of $0.28 per share for Q4 2021. The ex-dividend dates range from January 27 to March 30, 2022, with record dates from January 28 to March 31, 2022.

Positive

• Additional quarterly dividend of $0.06 per share reflects strong realized gains.
• Confidence in financial performance indicated by increased dividends.

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• None.

HOUSTON, Nov. 1, 2021 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced today that on October 29, 2021, its Board of Directors declared an additional monthly dividend for each of January, February, and March 2022 for an additional aggregate quarterly dividend of $0.06 per share.

Management Commentary

"In addition to our regular dividend of $0.28 per share, in the aggregate, for the fourth quarter of 2021, our Board of Directors has declared a dividend for the first quarter of 2022 of $0.06 per share in the aggregate, or $0.02 paid per month," stated Robert T. Ladd, Chief Executive Officer of the Company.  "This additional dividend is based on the significant realized gains income related to gains generated from our equity portfolio in the third quarter of 2021.

Summary of First Quarter 2022 Additional Monthly Dividends

Declared	Ex-Dividend Date	Record Date	Payment Date	Amount per Share
10/29/21	1/27/2022	1/28/2022	2/15/2022	$0.02
10/29/21	2/24/2022	2/25/2022	3/15/2022	$0.02
10/29/21	3/30/2022	3/31/2022	4/15/2022	$0.02

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 Investors" 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 for SCM in the first quarter of 2022?

Stellus Capital Investment Corporation declared an additional dividend of $0.06 per share for the first quarter of 2022.

When is the payment date for the additional dividend for SCM?

The payment date for the additional dividend is set for February 15, 2022, March 15, 2022, and April 15, 2022.

What are the ex-dividend dates for SCM's additional dividend?

The ex-dividend dates for the additional dividend are January 27, February 24, and March 30, 2022.

How is the additional dividend for SCM funded?

The additional dividend is based on significant realized gains income from the equity portfolio in the third quarter of 2021.

What is the regular dividend amount for SCM?

The regular quarterly dividend for Stellus Capital Investment Corporation is $0.28 per share for the fourth quarter of 2021.