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 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.
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.
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.
Stellus Capital Investment Corporation (NYSE: SCM) reported strong Q3 2021 results, highlighting a core net investment income of $0.31 per share, surpassing the $0.27 dividend. The net investment income on a GAAP basis was $0.21 per share. The firm achieved $7.9 million in realized gains, leading to an increase in net asset value and a dividend hike to $0.28 for Q4. The investment portfolio's fair value remained stable, with year-to-date investments at $243 million. Total assets reached $827 million and net assets stood at $275.6 million.
Stellus Capital Investment Corporation (NYSE: SCM) will announce its third-quarter financial results for the period ending September 30, 2021, on October 28, 2021, post-market. A conference call to discuss these results is scheduled for October 29, 2021, at 10:00 AM CDT, hosted by CEO Robert T. Ladd and CFO W. Todd Huskinson. The call can be accessed via phone or webcast on the company's website. Stellus aims to maximize shareholder returns through investments in private middle-market companies.