issued                                   (606,145)             (943,248) 
 Offering costs paid for 
  common stock issued                      (243,067)             (225,085) 
 Stockholder distributions 
  paid                                  (26,718,082)          (22,663,688) 
 Proceeds from SBA-guaranteed 
  debentures                                      --            11,400,000 
 Financing costs paid on 
  SBA-guaranteed debentures                       --             (277,590) 
 Financing costs paid on 
  Credit Facility                          (101,348)              (35,000) 
 Borrowings under Credit 
  Facility                               122,400,000            79,700,000 
 Repayments of Credit Facility         (125,751,700)         (116,701,700) 
                                    ----------------      ---------------- 
Net Cash Provided by Financing 
 Activities                      $         9,350,559   $        13,602,125 
                                    ----------------      ---------------- 
Net Increase (Decrease) in 
 Cash and Cash Equivalents       $        12,454,520   $      (28,832,608) 
                                    ----------------      ---------------- 
Cash and Cash Equivalents 
 Balance at Beginning of 
 Period                          $        26,125,741   $        48,043,329 
                                    ----------------      ---------------- 
Cash and Cash Equivalents 
 Balance at End of Period        $        38,580,261   $        19,210,721 
                                    ================      ================ 
Supplemental and Non-Cash 
Activities 
 Cash paid for interest 
  expense                        $        25,882,607   $        25,653,343 
 Income and excise tax paid                1,533,611             1,141,061 
 Increase in distributions 
  payable                                  3,604,347             3,215,948 
 Decrease in deferred offering 
  costs                                      (7,312)               (1,100) 
 
 
             Reconciliation of Core Net Investment Income (1) 
                                (Unaudited) 
 
                                              Three Months Ended 
                                    -------------------------------------- 
                                    September 30, 2024  September 30, 2023 
                                    ------------------  ------------------ 
Net investment income                      $10,259,690         $10,820,799 
Income tax expense                             360,192             335,508 
                                    ------------------  ------------------ 
Core net investment income                 $10,619,882         $11,156,307 
                                    ==================  ================== 
 
Per share amounts: 
Net investment income per share                  $0.39               $0.47 
Core net investment income per 
 share                                           $0.40               $0.49 
 
 
           Reconciliation of Realized Net Investment Income (2) 
                                (Unaudited) 
 
                                              Three Months Ended 
                                    -------------------------------------- 
                                    September 30, 2024  September 30, 2023 
                                    ------------------  ------------------ 
Net investment income                      $10,259,690         $10,820,799 
Net realized loss on investments           (3,297,615)             600,403 
Net realized loss on foreign 
 currency translation                         (22,095)            (22,166) 
                                    ------------------  ------------------ 
Total Realized Net Investment 
 Income                                     $6,939,980         $11,399,036 
                                    ==================  ================== 
 
Per share amounts: 
Net investment income per share                  $0.39               $0.47 
Realized net investment income per 
 share                                           $0.25               $0.50 
 

View original content to download multimedia:https://www.prnewswire.com/news-releases/stellus-capital-investment-corporation-reports-results-for-its-third-fiscal-quarter-ended-september-30-2024-302299456.html

SOURCE Stellus Capital Investment Corporation

(END) Dow Jones Newswires

November 07, 2024 18:09 ET (23:09 GMT)