Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934


Date of report (Date of earliest event reported): July 8, 2020


Stellus Capital Investment Corporation

(Exact Name of Registrant as Specified in Charter)


 Maryland   814-00971   46-0937320

(State or Other Jurisdiction

of Incorporation)



File Number)


(I.R.S. Employer

Identification No.)

4400 Post Oak Parkway, Suite 2200
Houston, Texas
(Address of Principal Executive Offices)   (Zip Code)


Registrant’s Telephone Number, Including Area Code: (713) 292-5400


Not applicable

(Former Name or Former Address, if Changed Since Last Report)


Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


  ¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


  ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


  ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


  ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:


Title of each class


Trading Symbol(s)


Name of each exchange on which registered

Common Stock, par value $0.001 per share SCM New York Stock Exchange
5.75% Notes due 2022 SCA New York Stock Exchange


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).


Emerging growth company ¨


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨





Item 7.01 Regulation FD Disclosure.


On July 8, 2020, the Registrant issued a press release. A copy of such press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.


The information disclosed herein, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.


Item 9.01 Financial Statements and Exhibits.


(d) Exhibits


  99.1 Press release dated July 8, 2020









Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



  By: /s/ W. Todd Huskinson       
    W. Todd Huskinson
    Chief Financial Officer






Exhibit Index



  99.1 Press release dated July 8, 2020














Exhibit 99.1


Stellus Capital Investment Corporation Provides an Update on its Second Fiscal Quarter Results


HOUSTON— July 8, 2020 (PR NEWSWIRE) Stellus Capital Investment Corporation (NYSE: SCM) (“Stellus” or “the Company”) today provided an update for its second fiscal quarter ended June 30, 2020. Prior to reporting second quarter results later in July, Stellus reports the following:


·all borrowers that were on accrual status at April 1, 2020 made their required payments during the second quarter and no new non-accruals have been added since April 1, 2020;


·the Company announced a $0.25 per share dividend for the quarter;


·net asset value is expected to increase for the second quarter based on tightening credit spreads since March 31, 2020;


·borrowings under the Credit Facility at June 30, 2020 were $185 million, a decline of $25 million since March 31, 2020 with approximately $45 million of unused borrowing capacity;


·cash balances at June 30, 2020 were approximately $23 million of which approximately $19.5 million was at the SBIC subsidiaries; and


·unfunded commitments were approximately $27.6 million at June 30, 2020.


The company expects to report second quarter results on Friday, July 31, 2020.


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.







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.




Stellus Capital Investment Corporation

W. Todd Huskinson, (713) 292-5414

Chief Financial Officer