Investor Presentaiton
Financial Highlights
($ in millions, except data relating to per share amounts and shares outstanding)
Net investment income
Core net investment income (1)
Net realized gain on investments
Net realized loss on foreign currency translation
Total realized income (2)
Distributions
Net unrealized depreciation on investments
Provision for taxes on unrealized appreciation on investments in taxable subsidiaries
Net increase in net assets resulting from operations
Weighted average shares outstanding
Three Months Ended Three Months Ende
March 31, 2023
Amount Per Share
March 31, 2022
Amount Per Share
$9.07
$0.46
$5.51
$0.28
8.87
0.45
5.75
0.29
0.03
3.46
0.18
(0.04)
(0.01)
$9.06
$0.46 $8.96
$0.46
(7.95)
(0.40)
(5.46)
(0.28
(4.25)
(0.22) (3.72)
(0.19
(0.08)
(0.02)
$4.74
0.24 $5.22
0.27
19,779,988
19,517,761
STELLUS
CAPITAL
INVESTMENT CORPORATION
(1) Core net investment income, as presented, excludes the impact of capital gains incentive fees and income taxes, the majority of which are excise taxes. The company believes presenting core net investment income and the related per share amount is a useful supplemental disclosure
for analyzing its financial performance. However, core net investment income is a non-US GAAP measure and should not be considered as a replacement for net investment income and other earnings measures presented in accordance with US GAAP. A reconciliation of net investment
income in accordance with US GAAP to core net investment income is presented in the table below the financial statements.
(2) Total realized income is the sum of net investment income, net realized gains (losses) on investments, net realized gains (losses) on foreign currency, and loss on debt extinguishment; all US GAAP measures.
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