Welcome to our dedicated page for Stellus Cap Invt news (Ticker: SCM), a resource for investors and traders seeking the latest updates and insights on Stellus Cap Invt stock.
Stellus Capital Investment Corporation (NYSE: SCM) is a business development company that regularly reports detailed financial and portfolio information, making its news flow particularly relevant for investors who follow private credit and middle-market lending. As an externally managed, closed-end, non-diversified investment management company, Stellus Capital Investment Corporation focuses on generating current income and capital appreciation by investing primarily in debt of private middle-market and lower middle-market companies, often alongside equity positions.
The SCM news stream features recurring quarterly earnings releases in which the company discusses net investment income, core net investment income, realized and unrealized gains or losses, and changes in net asset value. These updates also include portfolio metrics such as investments at fair value, total assets, net assets, number of portfolio company investments, and weighted average yields on debt and other income-producing investments.
Investors can also find announcements about dividends and distributions, including regular monthly dividends that aggregate to a stated amount per share each quarter. Stellus Capital Investment Corporation discloses record dates, ex-dividend dates, and payment dates for these distributions.
Another key news category involves capital markets and financing activities, such as offerings and reopenings of unsecured notes, redemptions of existing notes, amendments to the senior secured revolving credit facility, and the establishment or use of at-the-market equity programs. These items provide insight into the company’s funding structure, cost of capital, and leverage tools.
Conference call announcements and time changes for earnings calls are also part of the SCM news flow, giving investors scheduling details to listen to management’s commentary on performance and portfolio developments. For users of Stock Titan, the SCM news page offers a centralized feed of these earnings, dividend, financing, and corporate governance updates, allowing for ongoing monitoring of Stellus Capital Investment Corporation’s activities.
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.
Stellus Capital Investment Corporation (NYSE: SCM) has amended and extended its $230 million Senior Secured Revolving Credit Agreement. The commitment termination date has been extended to September 18, 2024, with a final maturity of September 18, 2025. The revision includes a reduction in required asset coverage while pricing and advance rates remain unchanged, with the addition of a LIBOR floor of 0.25%. CEO Robert T. Ladd expressed appreciation for the support from its banking group amid COVID-19.
On September 13, 2020, Stellus Capital Investment Corporation (NYSE: SCM) declared a quarterly dividend of $0.25 per share and a special dividend of $0.06 per share for the fourth quarter of 2020. The ex-dividend date is set for December 14, 2020, and the payment date for these dividends is December 29, 2020. This announcement underlines the company's commitment to providing returns to its shareholders.
On July 29, 2020, Stellus Capital Investment Corporation (NYSE: SCM) announced a regular quarterly dividend of $0.25 per share for Q3 2020. The ex-dividend date is set for September 14, 2020, while the record date is September 15, 2020. Shareholders can expect payment on September 30, 2020. Stellus Capital aims to provide total returns through investments in private middle-market companies, primarily using various debt financing methods.
Stellus Capital Investment Corporation (SCM) reported strong financial results for Q2 2020, with net investment income of $5.44 million or $0.28 per share, surpassing distributions of $0.25 per share. The net asset value increased by 15% to $13.34 per share, and overall liquidity exceeded $45 million. The company declared a regular dividend of $0.25 per share for Q3 2020. However, net realized loss on investments totaled $3.89 million, reflecting ongoing market challenges.
Stellus Capital Investment Corporation (NYSE: SCM) will disclose its financial results for the quarter ending June 30, 2020, on July 31, 2020, prior to market opening. A conference call to discuss these results is scheduled for the same day at 10:00 AM CDT, featuring CEO Robert T. Ladd and CFO W. Todd Huskinson. The company, which focuses on investing in private middle-market firms, aims to maximize total returns through various debt financing methods. Additional information can be accessed through their website.