Stellus Capital Investment Corp

Stellus Capital Investment Corporation is an externally managed, closed-end, non-diversified management investment company that operates as a business development company (BDC). The company was organized on May 8, 2012, and began operations on November 7, 2012. It primarily originates and invests in private U.S. lower middle-market companies, typically those with $5 million to $50 million of EBITDA (earnings before interest, taxes, depreciation and amortization). Investments are made through first lien (including unitranche), second lien, and unsecured debt financing, often with corresponding equity co-investments. Unsecured debt includes senior unsecured and subordinated loans. Stellus Capital Management, LLC, led by Robert T. Ladd and its other senior investment professionals, manages the company's investment activities. Investments are sourced through Stellus Capital Management's network of relationships with financial sponsor firms, financial institutions, lower middle-market companies, management teams, and other professional intermediaries. The companies in which Stellus Capital Investment Corporation invests are typically highly leveraged, and their investments are generally not rated by national rating agencies. The company's objective is to maximize total return to stockholders through current income and capital appreciation from debt and related equity investments in lower middle-market companies.