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Stellus Capital Investment Corporation Reports Results for its First Fiscal Quarter Ended March 31, 2025
Prnewswire· 2025-05-12 20:10
Core Insights - Stellus Capital Investment Corporation reported solid operating results for the fiscal quarter ended March 31, 2025, with U.S. GAAP net investment income of $0.35 per share and core net investment income of $0.37 per share [2][9] - The company funded $55 million in investments and received $15 million in repayments, resulting in a total portfolio value of $991 million at fair value [2][5] - Since inception, investors have received a total of $295 million in distributions, equating to $16.95 per share [2] Financial Highlights - For the three months ended March 31, 2025, net investment income was $9.79 million, down from $10.24 million in the same period of 2024 [3][9] - Core net investment income for the same period was $10.29 million, compared to $10.61 million in 2024 [3][9] - The company experienced a net realized loss on investments of $5.97 million, an improvement from a loss of $20.38 million in the previous year [3][10] Portfolio Activity - As of March 31, 2025, investments at fair value increased to $991.1 million from $953.5 million at the end of 2024 [5] - The company made new investments totaling $55.4 million during the quarter, significantly higher than $28.5 million in the same period last year [5] - The weighted average yield on total investments remained stable at 9.6% [5] Liquidity and Capital Resources - The company had $221.8 million in outstanding borrowings under its credit facility as of March 31, 2025, up 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] Distributions - The company declared aggregate distributions of $0.40 per share for both the three months ended March 31, 2025, and 2024, totaling $11.1 million and $9.6 million, respectively [15] Recent Developments - On April 1, 2025, the company issued $75 million in 7.250% Notes due 2030, which will bear interest payable semi-annually [22] - The company has declared regular monthly dividends for April, May, and June 2025, at $0.1333 per share [26]
Stellus Capital Investment Corporation Announces Time Change to its First Quarter 2025 Financial Results Conference Call
Prnewswire· 2025-05-12 20:01
Core Viewpoint - Stellus Capital Investment Corporation is set to release its financial results for Q1 2025 on May 12, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results for the first quarter ended March 31, 2025, will be disclosed on May 12, 2025 [1] - A conference call to discuss these results will take place on May 13, 2025, at 10:00 AM Central Time, which is a change from the previously scheduled time [2] Group 2: Conference Call Details - The conference call can be accessed via phone by dialing 888-506-0062 with passcode 260621 [3] - A replay of the conference call will be available starting approximately two hours after the call until May 27, 2025, by dialing 877-481-4010 and entering passcode 52407 [3] - The conference will also be available via live webcast on the company's website, with a replay accessible for approximately 90 days [3] Group 3: Company Overview - Stellus Capital Investment Corporation is an externally-managed, closed-end, non-diversified investment management company regulated as a business development company under the Investment Company Act of 1940 [4] - The company's investment objective is to maximize total return to stockholders through current income and capital appreciation by investing primarily in private middle-market companies with EBITDA between $5.0 million and $50.0 million [4] - Investment activities are managed by Stellus Capital Management, LLC [4]
Scott+Scott Attorneys at Law LLP Reminds Investors of Its Ongoing Investigation Into Compass Diversified Holdings (NYSE: CODI)
GlobeNewswire News Room· 2025-05-12 15:55
Core Viewpoint - Scott+Scott Attorneys at Law LLP is investigating potential misleading statements and failures to disclose material information by Compass Diversified Holdings, which may violate federal securities laws [1]. Company Overview - Compass Diversified Holdings owns and manages a diverse set of middle-market businesses, including Lugano Holdings, Inc., which specializes in luxury jewelry design, manufacturing, and marketing [2]. Recent Developments - On May 7, 2025, Compass issued a press release stating it would not rely on its financial statements for fiscal 2024 due to an ongoing internal investigation into Lugano, leading to a delay in filing its 1Q25 Form 10-Q [3]. - The investigation, conducted by outside counsel and a forensic accounting firm, has preliminarily identified irregularities in Lugano's financing, accounting, and inventory practices [3]. - Following the announcement, Lugano's founder and CEO resigned, and Compass's stock price dropped by $10.70, nearly 62%, closing at $6.55 on May 8, 2025, with unusually high trading volume [3].
Oxford Lane Capital Corp. Schedules Fourth Fiscal Quarter Earnings Release and Conference Call for May 19, 2025
Globenewswire· 2025-05-12 12:00
Group 1 - Oxford Lane Capital Corp. will hold a conference call to discuss its fourth fiscal quarter earnings on May 19, 2025, at 9:00 AM ET [1] - The toll-free dial-in number for the conference call is 1-833-470-1428, with an access code of 818188 [1] - A recorded replay of the call will be available for 30 days after the call, accessible at 1-866-813-9403 with a replay passcode of 138532 [1] Group 2 - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company [2] - The company primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles [2] - CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans for CLO vehicles [2]
Ophævelse af midlertidig forhøjelse af emissiontillæg og indløsningsfradrag i en række afdelinger i Investeringsforeningen Maj Invest
Globenewswire· 2025-05-12 07:00
Core Points - The board of Maj Invest has decided to lower the emission premiums and redemption discounts in several departments to normal levels due to improved market conditions [1] Group 1: Emission Premiums and Redemption Discounts - The emission premiums and redemption discounts for various departments are now set to the following levels: - Danske Obligationer: Emission 0.05, Redemption 0.10 - Globale Obligationer: Emission 0.10, Redemption 0.15 - Globale Obligationer Akk.: Emission 0.10, Redemption 0.15 - Grønne Obligationer: Emission 0.20, Redemption 0.25 - High Income Obligationer: Emission 0.25, Redemption 0.35 - Pension: Emission 0.15, Redemption 0.20 - Big Picture: Emission 0.20, Redemption 0.20 [2] Group 2: Contact Information - For any inquiries, Lise Bøgelund Jensen, the director of the investment management company, can be contacted at phone number 33 28 28 28 [3] Group 3: Attachments - The announcement includes attachments of the prospectuses for various funds, which can also be accessed via the association's website [4]
Blue Owl Capital: Time To Enjoy Nearly 11% Yield
Seeking Alpha· 2025-05-11 14:00
Group 1 - The article discusses the potential for investing in undervalued stocks that are mispriced by the market as May approaches [1] - It suggests that investors may consider joining a platform called Out Fox The Street for insights on these investment opportunities [1] Group 2 - There is no specific company or industry analysis provided in the content [2][3][4]
Berman Tabacco Announces Investigation of Potential Securities Law Violations By Compass Diversified Holdings (CODI)
GlobeNewswire News Room· 2025-05-09 13:50
BOSTON, May 09, 2025 (GLOBE NEWSWIRE) -- Berman Tabacco announces that it is investigating potential securities law violations by Compass Diversified Holdings (“Compass” or the “Company”) (NYSE: CODI). About the Investigation On May 7, 2025, after the markets closed, Compass filed a Form 8-K which stated that the Audit Committee of Board of Directors “commenced an internal investigation into the financing, accounting, and inventory practices of Lugano Holding, Inc. (‘Lugano’), a subsidiary and operating se ...
Prospect Capital Honored for 2025 Middle-Market Deals of the Year Awards for Druid City Independent Sponsor Investment in Healthcare Industry
Newsfilter· 2025-05-09 13:17
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. ("Prospect"), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect has received an Honorable Mention in Mergers & Acquisitions' 2025 Middle-Market Deals of the Year Awards for Prospect's role in providing value-added capital to Druid City Infusion ("Druid City"). The recognition highlights Prospect's role as a significant capital provider and lender in the transaction, whic ...
Prospect Capital Honored for 2025 Middle-Market Deals of the Year Awards for Druid City Independent Sponsor Investment in Healthcare Industry
GlobeNewswire News Room· 2025-05-09 13:17
NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Prospect Capital Management L.P. (“Prospect”), investment adviser to Prospect Capital Corporation (NASDAQ: PSEC) and other funds, announced today that Prospect has received an Honorable Mention in Mergers & Acquisitions’ 2025 Middle-Market Deals of the Year Awards for Prospect's role in providing value-added capital to Druid City Infusion ("Druid City"). The recognition highlights Prospect’s role as a significant capital provider and lender in the transaction, whic ...
Onex Reports First Quarter 2025 Results
Globenewswire· 2025-05-09 11:00
All amounts in U.S. dollars unless otherwise stated TORONTO, May 09, 2025 (GLOBE NEWSWIRE) -- Onex Corporation (TSX: ONEX) today announced its financial results for the first quarter ended March 31, 2025. “Onex continues to make progress and is benefitting from recent operational enhancements and a focus on areas where we have a proven right to compete,” said Bobby Le Blanc, CEO and President. “Our Private Equity and Credit teams have raised an aggregate of $2.5 billion in fee-generating capital since the s ...