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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) announced a monthly dividend increase to $0.27 per share for July, August, and September, up by $0.02 from the previous quarter. Additionally, a supplemental dividend of $0.01 per share is declared for each of these months. The ex-dividend dates are July 29, August 30, and September 29, with payment dates set for August 13, September 15, and October 15, respectively. This reflects the company’s commitment to returning value to shareholders.
Stellus Capital Investment Corporation (NYSE: SCM) reported Q1 2021 net investment income of $0.26 per share, covering its $0.25 dividend. Core net investment income was $0.28 per share. The portfolio reached over $714 million, boosted by $93 million in new investments. The company issued $100 million in bonds, enhancing capital capacity. Total investment income decreased from $15.3 million in Q1 2020 to $14 million in Q1 2021. Distributions were consistent at $0.25 per share, while net assets increased slightly to $273.4 million, with a stable net asset value per share of $14.03.
Stellus Capital Investment Corporation (NYSE: SCM) has declared a monthly dividend of $0.0833 per share for April, May, and June 2021, totaling $0.25 for the second quarter. The ex-dividend date is April 29, with record dates on April 30, May 28, and June 30. Payments will be made on May 14, June 15, and July 15. Stellus focuses on maximizing returns through investments in private middle-market companies.
Stellus Capital Investment Corporation (NYSE: SCM) is set to release its first-quarter financial results for the period ending March 31, 2021, on May 6, 2021, after market close. A conference call to discuss these results will take place on May 7, 2021, at 10:00 AM CDT, led by CEO Robert T. Ladd and CFO W. Todd Huskinson. The results are anticipated to provide insight into the company's performance, particularly its strategy of investing in private middle-market companies through various debt financing methods. For more details, visit www.stelluscapital.com.
Stellus Capital Investment Corporation (NYSE: SCM) reported its Q4 and full-year results for 2020, highlighting a net increase in net assets from operations of $20.2 million, or $1.04 per share. The company saw a rise in net asset value per share to $14.03, with a total investment income of $56.7 million, down from $58.9 million in 2019. Despite paying $1.15 in dividends, the company faced a net realized loss of $10.1 million on investments. Stellus improved liquidity through refinancing initiatives and increased investments by $43 million since year-end 2020.
Stellus Capital Investment Corporation (SCM) will announce its fourth quarter and annual financial results for 2020 on March 4, 2021, following market closure. A conference call to discuss these results is scheduled for March 5, 2021, at 10:00 AM CDT, led by CEO Robert T. Ladd and CFO W. Todd Huskinson. The call can be accessed via phone or live webcast, with a replay available for a limited time. Stellus Capital primarily invests in private middle-market companies, targeting total returns through income and capital appreciation.
Stellus Capital Investment Corporation (NYSE: SCM) has announced a shift from quarterly to monthly dividend payments starting January 31, 2021. The Board of Directors declared a monthly dividend of $0.0833 per share for January, February, and March 2021, totaling $0.25 per share for the first quarter. CEO Robert T. Ladd expressed confidence in the company's strong liquidity and stable asset quality, believing the impact of COVID-19 has significantly diminished.
Stellus Capital Investment Corporation (NYSE: SCM) announced the pricing of a public offering of $100 million of 4.875% notes due 2026. The notes will mature on March 30, 2026 and will bear interest at a rate of 4.875%, payable semi-annually starting September 30, 2021. Proceeds will be used to redeem 5.75% notes due 2022 and repay credit facility debt, with a current outstanding amount of $171.0 million. The offering, managed by Raymond James, is expected to close around January 14, 2021.
Stellus Capital Investment Corporation (NYSE: SCM) reported its Q3 2020 results, revealing a net investment income of $5.33 million or $0.27 per share, surpassing the $0.25 distribution. The company announced total distributions of $0.56 per share, including a special $0.06 distribution, to fulfill spillover income obligations. Notably, net asset value decreased to $13.17 per share, primarily due to required distributions. The firm extended its $230 million bank facility until 2025, reflecting strong liquidity despite a decline in net unrealized appreciation of investments.
Stellus Capital Investment Corporation (NYSE: SCM) will release its financial results for Q3 2020 on October 30, 2020, before market open. A conference call will follow at 10:00 AM CDT, led by CEO Robert T. Ladd and CFO W. Todd Huskinson. The company focuses on maximizing total returns through investments in private middle-market firms, typically with $5.0 million to $50.0 million in EBITDA, using various debt and equity financing methods. For more details, visit www.stelluscapital.com.