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Get filing alertsStellus Capital reports Q2 NII $0.25–$0.27/share, NAV up 2%, receives third SBIC license
Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read
Key Changes
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Q2 2026 net investment income estimated at $0.25–$0.27/share; NAV per share rose 1.8–2.4% to $12.76–$12.84 from $12.54 prior quarter, driven by portfolio appreciation and accretive buybacks partially offset by dividends exceeding NII.
Exhibit 99.1 view on EDGAR → -
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Received third SBIC license July 14, 2026, allowing $125M equity contribution and up to $250M in SBA-guaranteed debentures (subject to $475M family-of-funds limit), expanding access to low-cost growth capital.
Exhibit 99.1 view on EDGAR → -
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Investment adviser Stellus Capital Management acquired by Ridgepost Capital (NYSE-listed parent) on June 22, 2026, changing the BDC's management ownership structure.
Exhibit 99.1 view on EDGAR → -
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Portfolio shrank to $965–up to $975M fair value as $49M repayments exceeded $18M new fundings; non-accruals improved to 5.4% of fair value (8.5% at cost) as one loan returned to accrual with no new additions.
Exhibit 99.1 view on EDGAR → -
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Repurchased 274,343 shares at $8.88 weighted average price ($2.4M total) in Q2; $17.6M remains under $20M buyback program expiring March 2027.
Exhibit 99.1 view on EDGAR →
Summary
Stellus Capital Investment Corp disclosed preliminary Q2 2026 results showing net investment income of $0.25–$0.27 per share and net asset value growth of 1.8–2.4% quarter-over-quarter to $12.76–$12.84 per share, driven by portfolio appreciation and share buybacks that exceeded the dilutive effect of dividends paid above NII. The BDC estimates it generated an annualized return on equity exceeding 17% for the quarter.
Credit quality improved modestly as one portfolio company's loans returned to accrual status with no new non-accruals added, leaving 5.4% of the portfolio on non-accrual by fair value.
The company received its third Small Business Investment Company license on July 14, 2026, enabling it to draw up to $250 million in SBA-guaranteed debentures against $125 million of equity (subject to a $475 million family-of-funds cap). This expands Stellus's access to long-term, low-cost leverage for portfolio growth. Separately, the BDC's investment adviser was acquired by Ridgepost Capital on June 22, 2026, bringing the adviser under the ownership of a NYSE-listed parent. Retail holders should monitor whether the adviser change affects fee arrangements, investment strategy, or operational continuity, though the filing provides no detail on those dimensions. The portfolio contracted during the quarter as $49 million in repayments outpaced $18 million in new fundings, and the company continued its buyback program with $17.6 million of capacity remaining through March 2027.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Stellus Capital Investment Corp issued preliminary Q2 2026 financial estimates via press release.
Added in current filing · verify on EDGAR →
On July 29, 2026, the Stellus Capital Investment Corporation (the “Company”) issued a press release announcing certain preliminary estimates of its financial condition and results of operations for its fiscal quarter ended June 30, 2026, as well as other information.
The company disclosed preliminary estimates of its financial condition and operating results for the quarter ended June 30, 2026. The 8-K references a press release (Exhibit 99.1) containing the actual figures, but the body of the filing does not provide specific numbers for revenue, net investment income, NAV, or other metrics.
Event · Exhibit 99.1
Stellus Capital reports Q2 2026 preliminary results: NII $0.25-$0.27/share, NAV up 1.8-2.4%, received third SBIC license for up to $250M debentures.
Added in current filing · view on EDGAR →
The Company’s preliminary estimate of second quarter 2026 net investment income (“NII”) is $0.25 to $0.27 per share. The Company’s preliminary estimate of net asset value (“NAV”) per share as of June 30, 2026, is $12.76 to $12.84, representing an increase of $0.22 to $0.30 per share, or 1.8% to 2.4%, from the NAV per share of $12.54 as of March 31, 2026.
Stellus Capital disclosed preliminary Q2 2026 results showing net investment income of $0.25 to $0.27 per share and net asset value per share of $12.76 to $12.84, up 1.8% to 2.4% from the prior quarter's $12.54. The NAV increase reflects net fair value appreciation on the investment portfolio and accretive share repurchases, partially offset by dividends exceeding NII. The company estimates it generated an annualized return on equity exceeding 17% for the quarter.
Added in current filing · view on EDGAR →
Stellus Capital Management, LLC was acquired by Ridgepost Capital, LLC on June 22, 2026. Ridgepost Capital, LLC’s parent company, Ridgepost Capital, Inc., is a reporting company listed on the New York Stock Exchange.
Stellus Capital Management, LLC, the company's investment adviser, was acquired by Ridgepost Capital, LLC on June 22, 2026. Ridgepost Capital, LLC's parent company, Ridgepost Capital, Inc., is a publicly traded company listed on the New York Stock Exchange. This change in ownership of the investment adviser may affect the company's management structure and operations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 30, 2026 · How we verify