Investor Presentaiton
Portfolio Characteristics
($ in millions, except data relating to per share amounts and number of portfolio companies)
As of
December 31,
2021
As of
December 31,
2020
As of
December 31,
As of
December 31,
2021
2020
Number of portfolio company investments
Investments at fair value
$772.9
$653.4
Number of portfolio company debt investments
35
73
66
55
51
Total assets
$821.3
$674.9
Net assets
$285.1
$273.4
Shares outstanding
19,517,595
19,486,003
Weighted average yield of debt and other income producing investments (1)
Cash
7.4%
7.8%
Net asset value per share
$14.61
$14.03
Payment-in-kind ("PIK')
0.2%
0.0%
Fee amortization
Total
0.4%
0.5%
8.0%
8.3%
New investments
Repayments of investments
Net activity
Year Ended
December 31,
Year Ended
December 31,
2021
2020
Weighted average yield on total investments (2)
Cash
$387.3
$152.0
Payment-in-kind ("PIK')
(287.6)
$99.7
(128.8)
$23.2
Fee amortization
Total
6.9%
7.4%
0.2%
0.0%
0.4%
0.5%
7.5%
7.9%
(1)
(2)
The dollar-weighted average annualized effective yield is computed using the effective interest rate for our debt and other income producing investments, including cash, PIK interest, and the accretion of
deferred fees. The individual investment yields are then weighted by the respective cost of the investments (as of the date presented) in calculating the weighted average effective yield of the portfolio. The
dollar-weighted average annualized yield on the Company's investments for a given period will generally be higher than what investors of our common stock would realize in a return over the same period
because the dollar-weighted average annualized yield does not reflect the Company's expense or any sales load that may be paid by investors.
The dollar weighted average yield on total investments takes the same yields as calculated in the footnote above, but weights them to determine the weighted average effective yield as a percentage of the
Company's total investments, including non-income producing loans and equity.
STELLUS
CAPITAL
INVESTMENT CORPORATION
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