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Stellus Capital Investment Corporation reports news as an externally managed, closed-end, non-diversified investment management company that has elected business development company regulation under the Investment Company Act of 1940. The company invests primarily in private middle-market companies through first lien, second lien, unitranche and mezzanine debt financing, often alongside equity investments, with Stellus Capital Management serving as investment adviser.
Recurring announcements cover quarterly and annual financial results, portfolio funding and repayments, interest income from debt investments, realized and unrealized investment gains or losses, regular monthly dividend declarations, and conference-call schedules tied to financial reporting.
Stellus Capital Investment Corporation (NYSE: SCM) reported strong financial results for Q3 2022, with net investment income of $7.19 million ($0.37 per share) and core net investment income of $6.90 million ($0.35 per share). The company's portfolio grew to $872 million, benefiting from increased loan yields due to rising interest rates. The Board declared a total dividend of $0.34 per share for Q4, including an additional $0.06. Despite net unrealized depreciation of $4.80 million, the company maintained asset quality and a stable portfolio performance.
Stellus Capital Investment Corporation (NYSE: SCM) will announce its third-quarter financial results for the period ending September 30, 2022, on November 3, 2022, post-market close. A conference call to discuss these results is scheduled for November 4, 2022, at 10:00 AM CT, led by CEO Robert T. Ladd and CFO W. Todd Huskinson. Investors can access the call via phone or live webcast on the company's website, with a replay available for 90 days. Stellus Capital focuses on maximizing total return through investments in private middle-market companies, primarily through various debt financing options.
On October 4, 2022, Stellus Capital Investment Corporation (NYSE: SCM) declared a monthly dividend of $0.0933 and an additional dividend of $0.02 for each of October, November, and December 2022. This totals $0.34 per share for the fourth quarter. The regular dividend of $0.28 per share will be paid alongside an additional $0.06 per share, ensuring shareholders receive $0.34 in total. Key dates include payment on November 15 and December 29 for the declared dividends.
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 $1.8 billion. This fund, which succeeded SCF II (closed in September 2018 with $478 million), has allocated investments to 36 portfolio companies. Stellus also launched the Stellus Private Credit BDC, securing $225 million in anchor capital. The firm emphasizes a robust strategy in private credit investments across various industries in the U.S. and Canada.
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.