HOUSTON, Nov. 1, 2021 /PRNewswire/ -- Stellus Capital
Investment Corporation (the "Company") (NYSE: SCM) announced today
that on October 29, 2021, its Board
of Directors declared an additional monthly dividend for each of
January, February, and March 2022 for
an additional aggregate quarterly dividend of $0.06 per share.
Management Commentary
"In addition to our regular dividend of $0.28 per share, in the aggregate, for the fourth
quarter of 2021, our Board of Directors has declared a dividend for
the first quarter of 2022 of $0.06
per share in the aggregate, or $0.02
paid per month," stated Robert T.
Ladd, Chief Executive Officer of the Company. "This
additional dividend is based on the significant realized gains
income related to gains generated from our equity portfolio in the
third quarter of 2021.
Summary of First Quarter 2022 Additional Monthly
Dividends
|
Declared
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount per
Share
|
|
10/29/21
|
1/27/2022
|
1/28/2022
|
2/15/2022
|
$0.02
|
|
10/29/21
|
2/24/2022
|
2/25/2022
|
3/15/2022
|
$0.02
|
|
10/29/21
|
3/30/2022
|
3/31/2022
|
4/15/2022
|
$0.02
|
About Stellus Capital Investment Corporation
The Company is an externally-managed, closed-end,
non-diversified investment management company that has elected to
be regulated as a business development company under the Investment
Company Act of 1940. The Company's investment objective is to
maximize the total return to its stockholders in the form of
current income and capital appreciation by investing primarily in
private middle-market companies (typically those with $5.0 million to $50.0
million of EBITDA (earnings before interest, taxes,
depreciation and amortization)) through first lien, second lien,
unitranche and mezzanine debt financing, and corresponding equity
investments. The Company's investment activities are managed by its
investment adviser, Stellus Capital Management. To learn more about
Stellus Capital Investment Corporation, visit
www.stelluscapital.com under the "Public Investors" link.
FORWARD-LOOKING STATEMENTS
Statements included herein may contain "forward-looking
statements" which relate to future performance or financial
condition. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of assumptions, risks and uncertainties, which
change over time. Actual results may differ materially from those
anticipated in any forward-looking statements as a result of a
number of factors, including those described from time to time in
filings by the Company with the Securities and Exchange Commission
including the final prospectus that will be filed with the
Securities and Exchange Commission. The Company undertakes no duty
to update any forward-looking statement made herein. All
forward-looking statements speak only as of the date of this press
release.
Contacts
Stellus Capital Investment Corporation
W. Todd Huskinson, (713)
292-5414
Chief Financial Officer
thuskinson@stelluscapital.com
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SOURCE Stellus Capital Investment Corporation
