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Sep 30, 2024
Stellus Capital Q4 2024 Earnings Report
Stellus Capital Investment Corporation reported solid operating results for the fourth fiscal quarter and year ended December 31, 2024.
Key Takeaways
Stellus Capital Investment Corporation reported strong Q4 2024 results with net investment income of $9.64 million and core net investment income of $10.15 million. The company funded $109 million in new investments, bringing the total portfolio to $953 million at fair value. Distributions totaled $10.9 million for the quarter.
Net investment income for Q4 2024 was $9.64 million, or $0.35 per share.
Core net investment income for Q4 2024 was $10.15 million, or $0.37 per share.
The total investment portfolio reached $953 million at fair value as of December 31, 2024.
The company declared aggregate distributions of $0.40 per share for Q4 2024, totaling $10.9 million.
Stellus Capital
Stellus Capital
Forward Guidance
The company's management has evaluated subsequent events through March 4, 2025, and there have been no subsequent events that require recognition or disclosure except for the investment portfolio activity and credit facility updates.
Positive Outlook
- The Credit Facility outstanding balance as of March 4, 2025, was $230.8 million.
- Stellus Capital SBIC LP prepaid all principal and accrued interest related to SBA-guaranteed debentures maturing on March 1, 2025.
- The outstanding balance of SBA-guaranteed debentures as of March 4, 2025, was $308.8 million.
- The company declared a regular monthly distribution of $0.1333 per share for January, February, and March 2025.
- New investments were made in various portfolio companies subsequent to December 31, 2024, indicating continued growth.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- The report does not detail any potential challenges or risks for future operations.
- No explicit reduction in future distributions was mentioned.
- No significant changes in market conditions that could negatively impact the company were highlighted.
- The report does not provide any warnings about potential decreases in investment yields.