Group 1 - David A. Johnson is the founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company, with over 30 years of investment experience [1] - The company engages in a diverse range of investments including stocks, bonds, options, ETFs, REITs, real estate, closed-end funds, hedge funds, and private credit [1] - David holds a Master of Science (MS) Degree in Finance, a Certificate in Financial Planning, and an MBA, indicating a strong educational background in finance and investment analysis [1]

Core Insights - DPRG IM is a management-owned partnership with over 50 years of experience in real estate and financial markets, focusing on understanding industries and investment cycles [1] - The company aims to manage real estate equity that is often underutilized, providing a product that addresses the need for managing equity locked in properties [1] - DPRG IM has developed a Leveraged Long Only Absolute Return Strategy (LLARS) that prioritizes regular income while aiming for long-term growth, making it suitable for commercial real estate owners [1] Company Overview - DPRG IM originated from DPRG's private equity business and has established a track record in managing released funds for several years [1] - The company has built strong banking relationships to finance European and UK real estate, adapting to country-specific pricing [1] - DPRG IM operates with a strong management team located in Nicosia, Cyprus, and has a presence in London, Monaco, and Dubai & Abu Dhabi [1] Investment Strategy - The LLARS investment policy focuses on providing regular income on a quarterly basis, which is beneficial for servicing debt payments and maintenance costs [1] - The strategy is designed to enhance rental and free cash flow streams for commercial real estate owners without correlating to the asset's operations [1] - DPRG IM also offers structuring services, including legal, taxation, and cross-jurisdiction expertise to optimize capital efficiency [1] Regulatory Compliance - DPRG IM is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with License No. 454/25, ensuring compliance with regulatory standards [1]

Core Viewpoint - Great Elm Capital (GECC) is experiencing solid improvements in earnings estimates, which is likely to positively impact its stock price momentum [1][2]. Earnings Estimates - Analysts are increasingly optimistic about Great Elm Capital's earnings prospects, leading to higher estimates that should reflect in the stock price [2]. - The current-quarter earnings estimate is $0.44 per share, representing a 37.5% increase from the previous year [6]. - The Zacks Consensus Estimate for the current quarter has risen by 7.41% over the last 30 days, with two estimates increasing and no negative revisions [6]. - For the full year, the earnings estimate stands at $1.54 per share, marking a 21.26% increase from the year-ago figure [7]. - The consensus estimate for the current year has increased by 5.25%, supported by two upward revisions and one negative revision [8]. Zacks Rank - Great Elm Capital has achieved a Zacks Rank 2 (Buy), indicating favorable estimate revisions that suggest strong potential for stock performance [9]. - The Zacks Rank system has a proven track record, with Zacks 1 (Strong Buy) stocks averaging a 25% annual return since 2008 [3]. Stock Performance - Over the past four weeks, Great Elm Capital shares have increased by 7.5%, reflecting investor confidence in its earnings growth prospects [10].

Core Viewpoint - A lawsuit has been filed against Compass Diversified Holdings and its executives for potential violations of federal securities laws, specifically related to alleged misstatements in financial statements [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the Central District of California, captioned Matthews v. Compass Group Diversified Holdings, Inc., et al., No. 25-cv-981 [2]. - Investors have until July 8, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Compass - The complaint alleges that Compass's fiscal 2024 financial statements contained material misstatements regarding unrecorded financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable related to Lugano Holdings, Inc. [3]. - Compass is a statutory trust that manages a group of small and middle-market businesses, including Lugano Holdings, a high-end jewelry designer and manufacturer [3]. Group 3: Stock Market Reaction - Following the announcement on May 7, 2025, that investors should not rely on its fiscal 2024 financial statements, Compass's stock price dropped approximately 62%, from $17.25 per share to $6.55 per share [4]. - The company indicated that it has identified irregularities in Lugano's financing, accounting, and inventory practices, leading to a delay in filing its Q1 2025 financial results [4]. Group 4: Legal Representation - Bleichmar Fonti & Auld LLP, the law firm representing the plaintiffs, is noted for its success in securities class actions and has recovered significant amounts for other clients [6]. - The firm operates on a contingency fee basis, meaning shareholders are not responsible for court costs or litigation expenses [5].

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals, aiming to help them achieve more in life [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational information but does not constitute a recommendation for any specific investment strategy [1] - Invesco advises investors to consult their own legal or tax professionals due to the complexity and variability of federal and state tax laws [1] Group 2 - The opinions expressed by Invesco's authors are based on current market conditions and are subject to change without notice [1] - Invesco's investment advisory services are provided by affiliated investment advisers, and they do not sell securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc., and other broker-dealers [1]

The complaint alleges that on May 7, 2025, Compass issued an 8-K and attached a press release titled "Compass Diversified Discloses Non-Reliance on Financial Statements for Fiscal 2024 Amid an Ongoing Internal Investigation into its Subsidiary, Lugano Holding, Inc." In this release, Compass announced that it "has preliminarily identified irregularities in Lugano's non-CODI financing, accounting, and inventory practices. After discussing with senior leadership and investigators, the Audit Committee of CODI's ...

Core Viewpoint - The "Nansha Financial 30 Measures" aims to enhance Nansha's role as a financial innovation hub and an international financial node within the Guangdong-Hong Kong-Macao Greater Bay Area, providing a comprehensive framework for financial support and development [2][3]. Group 1: Financial Support and Development - The "Nansha Financial 30 Measures" outlines specific financial initiatives across seven dimensions to empower Nansha's development and openness, including enhancing financial services for innovation and entrepreneurship, and supporting high-quality urban development [3]. - The measures include promoting cross-border financial innovation, improving financial regulatory mechanisms, and facilitating the integration of financial markets within the Greater Bay Area [3][4]. Group 2: Focus on Technology and Industry - The measures emphasize the importance of supporting technology-driven industries, including artificial intelligence, life sciences, integrated circuits, and aerospace, aligning financial services with the construction of technology innovation industrial cooperation bases [4][5]. - Specific initiatives include enhancing diversified intellectual property financial services and exploring new business models such as "loans + external direct investment" to support tech enterprises [4]. Group 3: Marine Economy and Insurance - Nansha is accelerating the development of its marine economy, with the "Nansha Financial 30 Measures" proposing increased support for marine industries, commercial aerospace, and unmanned industries [5]. - The measures advocate for the development of marine insurance services, which encompass various sectors such as shipping, offshore wind, and marine ranching, to bolster the growth of emerging marine industries [5]. Group 4: Asset Management and Investment Advisory - The measures call for the establishment of a cross-border asset management center in Nansha, promoting the development of public fund investment advisory services [6]. - This initiative aligns with existing policy advantages in Nansha, such as tax incentives and high-level openness for cross-border trade and investment, aimed at attracting asset management institutions from Hong Kong and Guangdong [6].

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]

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]

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].