HOUSTON, June 27,
2024 /PRNewswire/ -- Stellus Private Credit BDC ("the
Company") announced that its Board of Trustees has declared a
monthly dividend of $0.1666 for each
of July, August, and September, totaling $0.50 per share in the aggregate for the third
quarter of 2024. The regular dividend of $0.50 per share will be paid to shareholders of
record in July, August, and September
2024.
Summary of Third Quarter 2024 Regular Monthly
Dividends
Declared
|
Record
Date
|
Payment
Date
|
Amount per
Share
|
6/26/2024
|
7/1/2024
|
7/31/2024
|
$0.1666
|
6/26/2024
|
8/1/2024
|
8/30/2024
|
$0.1666
|
6/26/2024
|
9/2/2024
|
9/30/2024
|
$0.1666
|
About Stellus Private Credit BDC
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, as
amended. 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 (including
unitranche) loans, second lien loans and unsecured debt financing,
with corresponding equity co-investments. The Company's investment
activities are managed by its investment adviser, Stellus Private
BDC Advisor, LLC.
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,
including statements about COVID-19 and its impacts, 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 Private Credit BDC
W. Todd Huskinson, Chief Financial
Officer
(713) 292-5414
thuskinson@stelluscapital.com
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SOURCE Stellus Private Credit BDC