Stellus Capital Investment Corporation (the “Company”) (NYSE: SCM)
announced today that on August 21, 2013 its Board of Directors declared
a dividend for the third quarter 2013 of $0.34 per share payable on
September 27, 2013 to common shareholders of record on September 5,
2013. This distribution equates to an annualized dividend yield of
approximately 9.0% based upon its $15.00 per share initial public
offering price.
About Stellus Capital Investment Corporation
The Company is an externally-managed, closed-end, non-diversified
management investment company that has elected to be regulated as a
business development company under the Investment Company Act of 1940.
The Company’s investment objective is to maximize the total return to
its stockholders in the form of current income and capital appreciation
by investing primarily in private middle-market companies (typically
those with $5.0 million to $50.0 million of EBITDA (earnings before
interest, taxes, depreciation and amortization)) through first lien,
second lien, unitranche and mezzanine debt financing, and corresponding
equity investments. The Company’s investment activities are managed by
its investment adviser, Stellus Capital Management. To learn more about
Stellus Capital Investment Corporation, visit www.stelluscapital.com
under the Stellus Capital Investment Corporation link.
FORWARD-LOOKING STATEMENTS
Statements included herein may contain “forward-looking statements”
which relate to future performance or financial condition. Statements
other than statements of historical facts included in this press release
may constitute forward-looking statements and are not guarantees of
future performance or results and involve a number of assumptions, risks
and uncertainties, which change over time. Actual results may differ
materially from those anticipated in any forward-looking statements as a
result of a number of factors, including those described from time to
time in filings by the Company with the Securities and Exchange
Commission including the final prospectus that will be filed with the
Securities and Exchange Commission. The Company undertakes no duty to
update any forward-looking statement made herein. All forward-looking
statements speak only as of the date of this press release.
Copyright Business Wire 2013