Latest news with #SCM
Yahoo
02-07-2025
- Business
- Yahoo
Stellus Capital Investment Corporation Announces $0.40 Third Quarter 2025 Regular Dividend, Payable Monthly in Increments of $0.1333 in August, September, and October 2025
HOUSTON, July 2, 2025 /PRNewswire/ -- Stellus Capital Investment Corporation (the "Company") (NYSE: SCM) announced that its Board of Directors has declared a monthly dividend of $0.1333 for each of July, August, and September, totaling $0.40 per share in the aggregate for the third quarter of 2025. The regular dividend of $0.40 per share will be paid to shareholders of record, as detailed in the table below. Summary of Third Quarter 2025 Regular Monthly Dividends Declared Ex-Dividend Date Record Date Payment Date Amount per Share 7/02/2025 7/31/2025 7/31/2025 8/15/2025 $0.1333 7/02/2025 8/29/2025 8/29/2025 9/15/2025 $0.1333 7/02/2025 9/30/2025 9/30/2025 10/15/2025 $0.1333 About Stellus Capital Investment Corporation The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien, second lien, unitranche and mezzanine debt financing, and corresponding equity investments. The Company's investment activities are managed by its investment adviser, Stellus Capital Management. To learn more about Stellus Capital Investment Corporation, visit under the "Public (SCIC)" link. FORWARD-LOOKING STATEMENTS Statements included herein may contain "forward-looking statements" which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. ContactsStellus Capital Investment CorporationW. Todd Huskinson, (713) 292-5414Chief Financial Officerthuskinson@ View original content to download multimedia: SOURCE Stellus Capital Investment Corporation
Yahoo
02-07-2025
- Business
- Yahoo
Terra CO2 Announces Additional Series B Funding to Scale Sustainable Cement Production
Investment will facilitate the rapid build out of commercial facilities across North America and Europe for Terra's leading SCM solutions GOLDEN, Colo., July 02, 2025--(BUSINESS WIRE)--Terra CO2 (Terra), a leading US-based low-carbon building materials company, today announced their series B funding, securing US$124.5M in new equity capital. In addition to the Series B co-leads Breakthrough Energy Ventures, Eagle Materials, GenZero, and Just Climate, the round included major investment from Barclays Climate Ventures. Additional strategic investors to join the round include Prologis, the global logistics leader, Cemex, an international leader in construction materials, and Siemens Financial Services, the financing arm of global technology company Siemens. In addition to the equity raise, Silicon Valley Bank, a division of First Citizens Bank, and Stifel Bank co-led the provision of a credit facility furnishing Terra additional financial flexibility. As government funding and subsidies for climate initiatives decrease in the US, it's imperative that these solutions provide cost competitive advantages that can work within existing industries and infrastructures. Terra's SCM provides a commercial deployment ready solution that is not dependent on subsidies, providing both investors and partners with the certainty they need. With the new capital, Terra will be rapidly moving forward with its first 240,000 TPY commercial advanced-processing facility in the Dallas-Fort Worth market. The funding will also support expanding Terra's offices and industrial facilities, significantly growing the team, developing more shovel ready commercial projects, and further advancing new generations of cementitious products. "Terra's mandate is to deliver cementitious material solutions that the market would purchase solely based on cost and performance, even if there was no carbon benefit. The fact that Terra's cementitious materials also offer significant carbon mitigation is an additional advantage for the built environment," says Terra CEO Bill Yearsley. "Terra's technology offers a combination of commercial readiness and cost competitiveness. Its ability to support the decarbonization of a heavy industry such as cement aligns with our commitment to support scalable, near-term solutions in hard-to-abate sectors," says Steven Poulter, Head of Barclays Climate Ventures. Terra's patented Supplementary Cementitious Materials (SCMs) process produces a high-performing, low-cost alternative to Portland Cement and depleted traditional resources such as fly ash. And unlike other low-carbon SCMs, Terra's OPUS products utilize inexpensive, abundant, and local feedstocks from existing aggregate mines, and work within existing industry infrastructure. This approach enables immediate deployment at scale, delivering cementitious materials that perform equal to or better than historical SCM while significantly reducing carbon emissions. Terra's second product, OPUS Zero, is currently in active concrete trials and would serve as a full Portland cement replacement. About Terra CO2 (Terra) Terra enables our partners to unlock low-carbon cement from source to deployment. As the critical component in creating concrete, the foundation of modern infrastructure, cement is responsible for 8% of the world's CO2 emissions. The CO2 and NOx emissions associated with cement make finding an alternative to current solutions a climate imperative. Unique to Terra is their capability to work across a diverse range of silicate rock mineralogy, not constrained by feedstock availability. Terra's technology allows the company to create sustainable construction materials with the most abundant and accessible raw materials on earth from already approved and open mines. Terra's first product, OPUS SCM (Supplementary Cementitious Material), is ready for commercial deployment, capable of replacing up to 50% OPC (Original Portland Cement) and addressing the industry's carbon emissions and dwindling feedstock challenges. Terra's OPUS ZERO™, a potential 100% replacement of OPC, is in full concrete trials. Both leverage Terra's "drop-in" reactor solution, which seamlessly integrates with existing infrastructure and sets the foundation for the transition to real zero cement. Validated by third parties, Terra's materials perform equal to or better than traditional cementitious products. Terra is headquartered in Golden, Colorado, and is led by a team of industry experts. For more information, please visit: View source version on Contacts For media queries, please contact:Doug FreemanJDI for Terra CO2 Technologydoug@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-07-2025
- Business
- Business Wire
Terra CO2 Announces Additional Series B Funding to Scale Sustainable Cement Production
GOLDEN, Colo.--(BUSINESS WIRE)--Terra CO2 (Terra), a leading US-based low-carbon building materials company, today announced their series B funding, securing US$124.5M in new equity capital. In addition to the Series B co-leads Breakthrough Energy Ventures, Eagle Materials, GenZero, and Just Climate, the round included major investment from Barclays Climate Ventures. Additional strategic investors to join the round include Prologis, the global logistics leader, Cemex, an international leader in construction materials, and Siemens Financial Services, the financing arm of global technology company Siemens. In addition to the equity raise, Silicon Valley Bank, a division of First Citizens Bank, and Stifel Bank co-led the provision of a credit facility furnishing Terra additional financial flexibility. 'Terra's mandate is to deliver cementitious material solutions that the market would purchase solely based on cost and performance, even if there was no carbon benefit," says Terra CEO Bill Yearsley. Share As government funding and subsidies for climate initiatives decrease in the US, it's imperative that these solutions provide cost competitive advantages that can work within existing industries and infrastructures. Terra's SCM provides a commercial deployment ready solution that is not dependent on subsidies, providing both investors and partners with the certainty they need. With the new capital, Terra will be rapidly moving forward with its first 240,000 TPY commercial advanced-processing facility in the Dallas-Fort Worth market. The funding will also support expanding Terra's offices and industrial facilities, significantly growing the team, developing more shovel ready commercial projects, and further advancing new generations of cementitious products. 'Terra's mandate is to deliver cementitious material solutions that the market would purchase solely based on cost and performance, even if there was no carbon benefit. The fact that Terra's cementitious materials also offer significant carbon mitigation is an additional advantage for the built environment,' says Terra CEO Bill Yearsley. 'Terra's technology offers a combination of commercial readiness and cost competitiveness. Its ability to support the decarbonization of a heavy industry such as cement aligns with our commitment to support scalable, near-term solutions in hard-to-abate sectors,' says Steven Poulter, Head of Barclays Climate Ventures. Terra's patented Supplementary Cementitious Materials (SCMs) process produces a high-performing, low-cost alternative to Portland Cement and depleted traditional resources such as fly ash. And unlike other low-carbon SCMs, Terra's OPUS products utilize inexpensive, abundant, and local feedstocks from existing aggregate mines, and work within existing industry infrastructure. This approach enables immediate deployment at scale, delivering cementitious materials that perform equal to or better than historical SCM while significantly reducing carbon emissions. Terra's second product, OPUS Zero, is currently in active concrete trials and would serve as a full Portland cement replacement. About Terra CO2 (Terra) Terra enables our partners to unlock low-carbon cement from source to deployment. As the critical component in creating concrete, the foundation of modern infrastructure, cement is responsible for 8% of the world's CO 2 emissions. The CO 2 and NO x emissions associated with cement make finding an alternative to current solutions a climate imperative. Unique to Terra is their capability to work across a diverse range of silicate rock mineralogy, not constrained by feedstock availability. Terra's technology allows the company to create sustainable construction materials with the most abundant and accessible raw materials on earth from already approved and open mines. Terra's first product, OPUS SCM (Supplementary Cementitious Material), is ready for commercial deployment, capable of replacing up to 50% OPC (Original Portland Cement) and addressing the industry's carbon emissions and dwindling feedstock challenges. Terra's OPUS ZERO™, a potential 100% replacement of OPC, is in full concrete trials. Both leverage Terra's "drop-in" reactor solution, which seamlessly integrates with existing infrastructure and sets the foundation for the transition to real zero cement. Validated by third parties, Terra's materials perform equal to or better than traditional cementitious products.
The Herald Scotland
24-06-2025
- The Herald Scotland
Climbers reflect on famous Clachaig Inn at heart of Glencoe
Three decades later, now operated by sons Guy and Ed, the inn is on the market for £4.5m, along with a second property located in Fort William. The Inn's website tells the tale: 'Clachaig has been around for a very long time. That much we know. Anecdotal tales keep popping up detailing the many associations with Clachaig over the years." Indeed, Clachaig has been a regular haunt for mountain climbers for more than a century. In 1906, the inn hosted the '37th Scottish Mountaineering Club (SMC) Meet'. A photo demonstrates the calibre of mountaineers present at the event - Norman Collie, Hugh Munro, and William Naismith, all well-known adventurers of the time. Naismith, one of the founders of the SCM developed 'Naismith's rule', which is used to determine the time needed to climb a mountain, factoring in length and elevation gain, while Munro compiled his eponymous list of mountains over 3000 feet. Glencoe has long been a mountaineering respite (Image: NQ) Posting in an online climbers' forum in 2009, one mountaineer reflected on happy times spent at the pub. He wrote: 'There was a fire that burned from September to June and all dreich days in between. They had a huge clothes-pulley, racks and rails for drying gear and benches to maximise seats at the fire. 'Benches were nailed to the floor and barrel-seats filled with sand so ye couldnae pick them up and throw them at each other. The beer was sh*** but you could buy it by the pint, jug or bucket. 'The words "You're barred!" were unheard of until I got barred.' Another climber recalled: 'I can remember going there on my first winter climbing trip in the mid eighties, probably as it drew to the end of being the auld pub. 'It was the week before Christmas and there was loads of snow about. We had nowhere to doss and little cash but managed to blag a shed out the back for the first night. 'Having done so we got hammered and never saw the doss till we collapsed in the bags. Woke up next morning with my face feeling wet and the place looking very bright, both caused by the lack of roof on said shed. I think it cost us about a £1 for the night.' Read more: Andy Gemmell's Drinks Cabinet: Clachaig Inn, Glencoe 'The hardest decision': Family to sell famous Inn at the heart of Glencoe All-female team bags 282 Munros in 26 days A third mountaineer said: 'My own 'I want to be a climber' epiphany happened outside the Clach, at about 630am in the snow, on the morning the Herald of Free Enterprise sank [6 March, 1987]. 'I'd been in the bar for the first time the night before, as a slightly lost youth in search of something meaningful, and had been very impressed at the general scene. In the morning, I got out of my mate's camper to have a pish, and watched as a wee escort van disgorged its occupants. 'Two rough hairy looking guys got out of the doors, stretched, belched, pished, rolled tabs and put a brew on. "Then the back doors opened, and all this stuff came flying out; ropes, axes, plastic boots, clanky gear etc. And then a third guy got out, stumbled about a bit, and vomited like I've never seen someone vomit before or since. 'Then they packed their rucksacks and went climbing. It was beautiful, the coolest thing I'd ever seen. I thought, 'I want to be like them.''
Business Standard
11-06-2025
- Business
- Business Standard
Government has disbursed nearly 99.44% of Smart Cities Mission's total budget outlay
Ministry of Housing & Urban Affairs issued advisory for Repurposing of Smart City Special Purpose Vehicles (SPVs). Launched in 2015, the Smart Cities Mission (SCM) promoted city-level innovation and integrated infrastructure delivery. Over the past decade, SPVs have demonstrated the ability to deliver complex, multi-sectoral projects with agility and innovation. As of March 2025, over 93% of the 8,000+ projects under SCM have been completed, with the Government of India having disbursed nearly 99.44% of the Missions total budget outlay of Rs 48,000 crore. In the process, the SPVs have cultivated a robust institutional capacity to manage high-value urban projects efficiently. Recognising the strategic investments made in establishing and strengthening SPVs and ICCCs, and their growing relevance in supporting Urban Local Bodies (ULBs) to address complex and evolving urban challenges, the Government of India is of the considered view that these entities should continue to operate beyond the completion of the Smart Cities Mission on 31.03.2025.
