10.11.2023

We finally ripped the band-aid off

Yesterday we made the decision to sell off all our shares in NewtekOne, Inc. Common Stock (NEWT) even though the share price is far from what we want. Sometimes you have to rip off the band-aid and move on.

As our holding in NEWT constituted a large part of our total holding, the consequence is that we have a large part of our portfolio uninvested at the moment. A portion of the sale will be reinvested in Stellus Capital Investment Corporation Common Stock (SCM) but exactly how much remains to be seen.

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