Stellus Capital Investment Corporation reported its financial results for the first fiscal quarter ended March 31, 2025. The company announced a net investment income of $9.79 million, or $0.35 per share, reflecting a slight decrease from the previous year's $10.24 million, or $0.42 per share. Core net investment income, which excludes capital gains incentive fees and income tax accruals, was $10.29 million, or $0.37 per share, compared to $10.61 million, or $0.44 per share, in the same period last year. The company's investment portfolio experienced a net change in unrealized appreciation of $1.2 million, down from $23.5 million in the previous year. Additionally, Stellus reported net realized losses on investments amounting to $6.0 million, compared to $20.4 million in the prior year. The net increase in net assets resulting from operations was $5.0 million, or $0.18 per common share, based on weighted average common shares outstanding of 27,602,612. Stellus funded $55 million in investments and received $15 million in repayments during the quarter, bringing its total investment portfolio to $991 million at fair value. The company also raised over $9 million in equity through its at-the-market equity program. Since operations began, Stellus has distributed a total of $295 million, equivalent to $16.95 per share, to its investors.
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