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)
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