Stellus Capital Investment Corporation 6.5% Notes Due 2019

By: ,

Date Issued 5/5/2014    

Shares Issued  1,000,000   Plus 150,000 available for over-allotment

S&P Rating   NR   Moodys Rating   NR


Security Ticker Symbol   SCQ

Market Traded ON   NYSE

Ex-dividend Date estimated at 26th-28 of January, April, July and October

Record Dates are the 1st of February, May, August and November

Interest Payment Paid on the 15th of February, May, August and November beginning on 8/15/2014


Quarterly Interest   .4063   Annual Interest   1.625

Securities may be redeemed, at the issuers option, as early as 4/30/2016 for a redemption price of $25/share plus accrued interest.

Interest Payment Will NOT be a Qualified Distributions.  Preferential tax treatment is not available on interest payments (only on dividends)

Maturity Date   4/30/2019

It should be noted that debt issues with maturity dates of just 5 years (such as this issue) typically are less volatile as they have a date certain maturity. Issues that have maturity dates 20, 30 or 40 years in the future will move violently if interest rates move higher. 

Company Investor Relations Page for Stellus Capital Investment Corporation 

Below you can find the offering Prospectus and Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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