Stellus Capital Reports Q1 2025: Core Net Investment Income Declines to $0.37 Per Share, Portfolio Grows to $991M

Reuters
2025/05/13
Stellus Capital Reports Q1 2025: Core Net Investment Income Declines to $0.37 Per Share, Portfolio Grows to $991M

Stellus Capital Investment Corporation reported its financial results for the first fiscal quarter ended March 31, 2025. The company announced a net investment income of $9.79 million, or $0.35 per share, reflecting a slight decrease from the previous year's $10.24 million, or $0.42 per share. Core net investment income, which excludes capital gains incentive fees and income tax accruals, was $10.29 million, or $0.37 per share, compared to $10.61 million, or $0.44 per share, in the same period last year. The company's investment portfolio experienced a net change in unrealized appreciation of $1.2 million, down from $23.5 million in the previous year. Additionally, Stellus reported net realized losses on investments amounting to $6.0 million, compared to $20.4 million in the prior year. The net increase in net assets resulting from operations was $5.0 million, or $0.18 per common share, based on weighted average common shares outstanding of 27,602,612. Stellus funded $55 million in investments and received $15 million in repayments during the quarter, bringing its total investment portfolio to $991 million at fair value. The company also raised over $9 million in equity through its at-the-market equity program. Since operations began, Stellus has distributed a total of $295 million, equivalent to $16.95 per share, to its investors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stellus Capital Investment Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: DA85367) on May 12, 2025, and is solely responsible for the information contained therein.

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