Stellus Capital Investment Corporation (NYSE:SCM) Q2 2020 Earnings Conference Call - Final Transcript
Jul 31, 2020 • 11:00 am ET
the 65 portfolio companies are backed by a private equity firm.
With respect to outlook, as we look forward, our focus is to, first, to continue to closely monitor and support our portfolio companies; second, to maintain liquidity; and three -- third, to evaluate new investment opportunities to prudently grow our portfolio. We're starting to see a pickup in refinancings and repayments, although modest at this time, we expect this activity will likely increase by the fourth quarter.
Finally, we're very glad to report that given the stabilization of asset quality, capital base and liquidity, the Company today has declared a regular dividend of $0.25 per share for the third quarter. Of course, this would be early.
With that, I'll open it up for questions. And thank you, Travis. We may begin the -- you may begin the question-and-answer session, please.