Stellus Capital Reports Preliminary Q2 Net Investment Income and Higher NAV
Stellus Capital Management (SCM) reported preliminary second-quarter net investment income of $0.25 to $0.27 per share, in line with expectations for the period. The company also expects its net asset value as of June 30 to increase to between $12.76 and $12.84 per share from $12.54 at the end of Q1. This growth is attributed to appreciation in Stellus' investment portfolio and ongoing share repurchases. The firm outlined a potential reduction in its dividend, signaling that it may adjust payouts as part of broader capital management strategies. Additionally, Stellus Capital has $75 million to $100 million available for new portfolio growth.
Tickers: $SCM
Topics: net asset value net investment income share repurchases