The Houston-based business development company confirmed the schedule following a board of trustees meeting. Investors of record will receive the payments on the final day of each respective month: July 31, August 31, and September 30. The record dates for these distributions are set for July 17, August 3, and September 1, respectively.

Stellus operates as an externally managed, non-diversified investment firm focused on middle-market companies. Its strategy centers on providing first-lien and unitranche loans to businesses generating between $5 million and $50 million in EBITDA. The company is managed by Stellus Private BDC Advisor, LLC, an entity under the indirect control of Ridgepost Capital, Inc.