2024-03-14 02:25:33 ET
Summary
- Stellus Capital Investment Corporation is a well-managed BDC focused on middle-market companies.
- The BDC's earnings for the last quarter showed a well-covered dividend and a substantial increase in net investment income.
- The BDC's floating-rate exposure may constrain its net investment income growth and re-rating potential in 2024.
Stellus Capital Investment Corporation ( SCM ) is a well-managed business development company with a focus on middle-market companies....
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For further details see:
Stellus Capital: A Covered 12% Yield, But No Real Upside