Stellus Capital Investment Corporation Reports Results for its Fiscal First Quarter Ended March 31, 2021
Company to Host Quarterly Conference Call on Friday, May 7, 2021 at 10:00 AM CT
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HOUSTON, May 6, 2021 /PRNewswire/ Stellus Capital Investment Corporation (NYSE:SCM) ( Stellus or the Company ) today announced financial results for its fiscal first quarter ended March 31, 2021.
Management Commentary
Robert T. Ladd, Chief Executive Officer of Stellus, stated, I am pleased to report that our first quarter net investment income of $0.26 per share covered our dividend of $0.25 per share. Core net investment income was $0.28 per share. Our portfolio at fair value grew to over $714 million, largely due to strong deployment of $93 million during the period. We are seeing a robust pipeline in early 2021 and have already closed $19 million of investments since the end of the first quarter. We also continue to have available
Stellus Capital Investment Corporation Reports Results for its Fourth Fiscal Quarter and Year Ended December 31, 2020
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HOUSTON, March 4, 2021 /PRNewswire/ Stellus Capital Investment Corporation (NYSE:SCM) ( Stellus or the Company ) today announced financial results for its fourth fiscal quarter and year ended December 31, 2020.
In describing the Company s 2020 activities, Robert T. Ladd, Chairman and Chief Executive Officer of the Company, stated, I am pleased to report that our portfolio has performed well throughout the unprecedented pandemic and that our net asset value has risen back above $14.00 per share. As we have just completed our eighth full year of operations, our shareholders have received $10.99 per share of dividends life-to-date. During 2020, we paid dividends of $1.15 per share and significantly improved our liquidity and available capital position through the upsize and extension of our bank facility t