HOUSTON, Jan. 12,
2023 /PRNewswire/ -- Stellus Capital Investment
Corporation (the "Company") (NYSE: SCM) announced that its Board of
Directors has declared a monthly dividend of $0.1333 for each of January, February, and March,
totaling $0.40 per share in the
aggregate for the first quarter of 2023. Robert T. Ladd, Chief Executive Officer of
Stellus, stated, "I am pleased to announce a regular dividend for
the first quarter of 2023 of $0.40
per share, in the aggregate, payable monthly. This dividend
reflects a 43% increase over the fourth quarter regular dividend of
$0.28 per share or an 18% increase
over the combined fourth quarter dividends of $0.34 per share which included a regular dividend
of $0.28 per share plus an additional
dividend of $0.06 per share. This
increase in our dividend reflects the greater earnings that we are
generating in this higher interest rate environment in which our
loan portfolio is over 95% floating rate and our liability
structure is over 65% fixed rate." The regular dividend of
$0.40 per share will be paid to
shareholders of record in January, February, and March 2023.
Summary of First Quarter 2023
Regular Monthly Dividends
|
Declared
|
Ex-Dividend
Date
|
Record
Date
|
Payment
Date
|
Amount per
Share
|
|
1/11/2023
|
1/30/2023
|
1/31/2023
|
2/15/2023
|
$0.1333
|
|
1/11/2023
|
2/27/2023
|
2/28//2023
|
3/15/2023
|
$0.1333
|
|
1/11/2023
|
3/30/2023
|
3/31/2023
|
4/14/2023
|
$0.1333
|
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 (SCIC)" 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
