Stellus Capital Investment Corp (SCM) News & EventsSCMStellus Capital Investment Corp

Stellus Reports Q2 Earnings of $0.26 per Share

Robert Ladd, Chief Executive Officer of Stellus, stated, "I am pleased to report solid operating results for the quarter ended June 30, 2026, in which we earned both U.S. GAAP net investment income and core net investment income of $0.26 per share and net realized income of $0.01 per share. During the quarter, we funded $18 million of investments and received $49 million of repayments, resulting in a total portfolio of $968 million at fair value. I'm also pleased to report that since we announced our Share Repurchase Program in March, we have repurchased 467,317 shares at an average price of $8.50 per share."

Company Estimates Q2 2026 Net Investment Income at $0.25 to $0.27 per Share

"The company's preliminary estimate of second quarter 2026 net investment income is $0.25 to $0.27 per share. The company's preliminary estimate of net asset value per share as of June 30, 2026, is $12.76 to $12.84, representing an increase of $0.22 to $0.30 per share, or 1.8% to 2.4%, from the NAV per share of $12.54 as of March 31, 2026. The estimated NAV per share increase is primarily due to the net fair value appreciation on the investment portfolio and the accretive impact of equity repurchases, partially offset by dividends per share paid in the second quarter in excess of NII per share. As a result, the company estimates that it generated an annualized return on equity of more than 17% for the second quarter of 2026. The company estimates that investments on non-accrual status comprised 5.4% of the total investment portfolio at fair value and 8.5% at cost as of June 30, 2026. During the quarter, loans to one portfolio company were returned to accrual status, and there were no additions to non-accrual status."

CEO Reports Q1 Net Investment Income of 26 Cents per Share

CEO Robert Ladd stated, "I am pleased to report solid operating results for the quarter ended March 31, 2026, in which we earned U.S. GAAP net investment income of 26c per share, core net investment income of 27c per share and net realized income of 29c per share. During the quarter, we funded $28M of investments and received $42M of repayments, resulting in a total portfolio of $990M at fair value. I'm also pleased to report that our investors have received a total of $339M in distributions, equivalent to $18.49 per share, since we began operations."