Stellus Capital Investment Corp to redeem part of 4.875% notes due 2026.

Stellus Capital Investment Corp plans to redeem a portion of its 4.875% notes due 2026. The company is a business development company that focuses on middle-market companies and aims to maximize total return to shareholders through debt and equity investments. Its investment objective is to achieve current income and capital appreciation.

Stellus Capital Investment Corp (SCIC) has announced its intention to redeem a portion of its 4.875% notes due 2026. SCIC is a business development company that focuses on middle-market companies and aims to maximize total return to shareholders through debt and equity investments. The company's investment objective is to achieve current income and capital appreciation.

The redemption of the notes is part of SCIC's strategy to optimize its debt portfolio and align with its investment objectives. The exact amount to be redeemed and the timeline for the redemption process have not been disclosed. SCIC will provide more details on the redemption process and its impact on the company's financials in its upcoming quarterly report.

SCIC's decision to redeem a portion of its notes comes amidst a period of robust growth and increased demand for middle-market investments. The company has been actively engaged in debt and equity investments, aiming to generate current income and capital appreciation for its shareholders. The redemption of the notes is expected to enhance SCIC's liquidity and financial flexibility, enabling the company to pursue new investment opportunities.

SCIC's strategic focus on middle-market companies aligns with the broader trend of increasing investor interest in this segment. Middle-market companies are often overlooked by larger investment firms but offer significant growth potential. SCIC's expertise in this area has positioned it as a leader in the business development company space.

As SCIC continues to execute its investment strategy, it remains committed to providing transparent and timely information to its shareholders. The company will provide updates on the redemption process and its impact on the company's financial performance in its upcoming financial reports.

References:
[1] https://www.businesswire.com/news/home/20250116307636/en/Polestar-targets-profitability-in-2025-Polestar-7-will-be-a-premium-compact-SUV-from-Europe