Stellus Capital Investment Corporation Reports Q3 2026 Financial Results
Stellus Capital Investment Corporation (SCM) reported third-quarter results for 2026, characterized by a decline in Net Asset Value (NAV) to $12.93 per share. This 3% quarterly decrease was primarily driven by $0.48 per share in net realized and unrealized losses resulting from portfolio write-downs and the sale of an investment at a discount. Despite these headwinds, the company maintained stable income levels with GAAP Net Investment Income of $0.25 per share, matching its declared dividend. Management is currently focused on restructuring underperforming assets, as nonaccrual loans now represent 5.4% of the portfolio fair value. The firm continues to deploy capital through its SBIC III license and maintains a high floating-rate exposure of 93%.
Tickers: $SCM
Topics: Loan Repayments Net Asset Value Net Investment Income Nonaccrual Loans Portfolio Performance