Stellus Capital Investment (US:SCM) Prnewswireยท2025-08-06 20:05Financial Performance - Stellus Capital Investment Corporation reported U.S. GAAP net investment income of $0.34 per share and core net investment income of $0.35 per share for the quarter ended June 30, 2025 [2][9] - The company funded $23 million in investments and received $32 million in repayments, resulting in a total portfolio valued at $986 million [2][3] - Total investment income for the three months ended June 30, 2025, was $25.7 million, compared to $26.6 million for the same period in 2024 [7][29] Portfolio Activity - As of June 30, 2025, the company had investments at fair value of $985.9 million, an increase from $953.5 million as of December 31, 2024 [5] - The weighted average yield of total investments was 9.6% as of June 30, 2025, slightly down from 9.7% a year earlier [5] - The company had 112 portfolio company investments as of June 30, 2025, up from 105 at the end of 2024 [5] Distributions - The company declared aggregate distributions of $0.40 per share for both the three months ended June 30, 2025, and 2024, totaling $11.4 million and $10.0 million, respectively [15] - Since operations began, investors have received a total of $306 million in distributions, equivalent to $17.35 per share [2] Capital Resources - As of June 30, 2025, the company had $163.1 million in outstanding borrowings under its credit facility, down from $175.4 million at the end of 2024 [13] - The credit facility allows for borrowings of up to $315 million, with an accordion feature for potential expansion to $350 million [12] Recent Investments - During the three months ended June 30, 2025, the company made several new investments, including $4.3 million in Gourmet Specialty Foods, LLC, and $5.7 million in Solid Surface Care Holdings, Inc. [16][18] - The company also realized investments, including full repayments from Florachem Corporation and Anne Lewis Strategies, LLC, totaling $21.5 million [17][19]