Stellus Capital Investment Corp (SCM) had a director, J. Tim Arnoult, purchase 1,000 shares of common stock in an open-market transaction on September 16, 2026 at a weighted average price of $7.97 per share. After this purchase, the director directly owns 53,569 shares of Stellus Capital Investment Corp common stock.
Stellus Capital Investment Corporation reported preliminary second-quarter 2026 results, including estimated U.S. GAAP net investment income of $0.25–$0.27 per share and net asset value of $12.76–$12.84 per share as of June 30, 2026. NAV per share rose $0.22–$0.30, or 1.8%–2.4%, from $12.54 as of March 31, 2026, driven mainly by net fair value appreciation and the accretive impact of equity repurchases, partly offset by dividends exceeding NII per share. The company estimates it generated an annualized return on equity of more than 17% for the quarter.
During the quarter, Stellus funded approximately $18 million of investments and received about $49 million of repayments, ending with a portfolio of $965–$975 million at fair value. Investments on non-accrual status comprised 5.4% of the portfolio at fair value and 8.5% at cost, with one portfolio company returning to accrual status and no new non-accrual additions.
Stellus received a U.S. Small Business Administration license for its third SBIC, allowing contribution of $125 million of equity and borrowings of up to $250 million in SBA‑guaranteed debentures, within a $475 million family-of-funds limit. The company repurchased 274,343 shares at a weighted average price of $8.88, for about $2.4 million, leaving approximately $17.6 million available under its $20.0 million program, expected to remain in effect until the earlier of March 2, 2027 or full utilization. Full second-quarter results are expected on August 10, 2026, with a conference call on August 11, 2026.
Stellus Capital Investment Corp director J. Tim Arnoult reported multiple open‑market purchases of common stock. On May 13, 2026, he bought 1,000 shares at $9.27 per share. On May 19, 2026, he bought 9,000 shares at $9.05 per share. On June 23, 2026, he bought 700 shares at $8.29 per share. Following the most recent transaction, he directly owned 51,569 shares of Stellus Capital common stock. A footnote explains that one transaction was reported late due to an inadvertent administrative delay.
Stellus Capital Investment Corporation entered into a new investment advisory agreement with Stellus Capital Management, LLC effective June 22, 2026. The new agreement keeps all economic terms and fee calculations identical to the prior 2012 advisory agreement, changing mainly the date and term.
The agreement runs for an initial two-year period from June 22, 2026, and can continue year-to-year if approved annually by the board or a majority of outstanding voting securities, and by a majority of independent directors, consistent with 1940 Act requirements. It became effective upon the closing of Ridgepost Capital, LLC’s acquisition of Stellus Capital Management, which constituted a change in control of the advisor.
Stellus Capital Investment Corporation reported results of its June 16, 2026 Annual Meeting of Stockholders. As of the April 15, 2026 record date, 28,947,255 common shares were eligible to vote, and 15,974,326 shares were represented in person or by proxy.
Stockholders elected Bruce R. Bilger to a three-year term as director, with 13,650,012 votes for and 2,122,882 votes withheld. They also approved a new investment advisory agreement between the company and Stellus Capital Management, LLC, with 14,244,374 votes for, 721,794 against, and 806,722 abstentions.
Stellus Capital Investment Corporation is calling a virtual 2026 annual meeting on June 16, 2026 to elect one director, approve a new investment advisory agreement, and allow potential adjournment to solicit more proxies. The new agreement is needed because Ridgepost Capital, LLC will acquire all equity in Stellus Capital Management, creating an adviser change in control that terminates the current contract under the 1940 Act.
The New Investment Advisory Agreement keeps fees, services, strategy and management effectively unchanged, differing only in date and term. The board, including all independent directors, unanimously recommends voting in favor of the director nominee and the new advisory agreement, and believes the Ridgepost transaction will add sourcing, capital-raising and operational resources without altering the fund’s investment objectives.
Stellus Capital Investment Corporation is seeking shareholder approval to ratify a New Investment Advisory Agreement that is materially identical to the existing agreement so Stellus Capital Management may continue advising the company following an announced change in control of the Advisor. The Advisor Change in Control contemplates Ridgepost Capital, LLC acquiring Stellus Capital Management; Ridgepost reported $43 billion in assets under management as of December 31, 2025. The Board, including its Independent Directors, unanimously approved the New Investment Advisory Agreement and recommends a vote FOR. The virtual Annual Meeting is scheduled for June 16, 2026, and the record date for voting is April 15, 2026. The proposal requires approval under the 1940 Act by Independent Directors and by stockholders under the statutory “majority of the outstanding voting securities” thresholds described in the proxy.
Stellus Capital Investment Corp director Bruce R. Bilger increased his direct stake through multiple open-market purchases of common stock. On 2026-03-13, he bought 19,417 shares at $8.76, 10,362 shares at $8.70, 11,111 shares at $8.73, and 4,600 shares at $8.75 per share. After these transactions, he directly owned 228,055 shares of Stellus Capital Investment Corp common stock.