Stellus Capital Investment Corporation Declares Fourth Quarter 2019 Regular Dividend of $0.34 Per Share
HOUSTON, Oct. 17, 2019 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced today that its Board of Directors has declared a regular monthly dividend for each of October, November and December for an aggregate of $0.34 per share.
The Company anticipates that when the tax character of our dividends is reported in January 2020, all of the fourth quarter 2019 distributions will be classified as long term capital gains for our shareholders. The final determination of the tax attributes of our distributions is made annually as of the end of the year based on taxable income for the full year, therefore this information is an estimate only.
Summary of Fourth Quarter 2019 Regular Monthly Dividends
Declared |
Ex-Dividend Date |
Record Date |
Payment Date |
Amount per Share |
10/15/19 |
10/30/19 |
10/31/19 |
11/15/19 |
$0.1133 |
10/15/19 |
11/27/19 |
11/29/19 |
12/13/19 |
$0.1133 |
10/15/19 |
12/30/19 |
12/31/19 |
1/15/20 |
$0.1133 |
About Stellus Capital Investment Corporation
The Company is an externally-managed, closed-end, non-diversified investment management 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 "Public Investors" 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.
Contacts
Stellus Capital Investment Corporation
W. Todd Huskinson, (713) 292-5414
Chief Financial Officer
[email protected]
SOURCE Stellus Capital Investment Corporation
Related Links
http://www.stelluscapital.com/
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