SSSS - SuRo Capital reports 22.5% drop in NAV as of December 2021

SuRo Capital (SSSS -21.8%) reported net assets of ~$364.8M or $11.72/share as of Dec.31, 2021, inclusive of dividends totaling $2.75/share declared during Q4. Net asset value as of Dec.31, 2021 stood at $11.72/share compared to $15.13/share as Dec.31, 2020; it came in ahead of the company's prelim estimates provided in mid-January (NAV to be between ~$11.25 to $12.00 per share). As of Dec.31, 2021, SuRo Capital held positions in 38 portfolio companies with fair value of ~$260.1M; top five portfolio company investments accounted for ~57% of the total investment portfolio at fair value as of Dec.31, 2021. SuRo Capital’s liquid assets were ~215.4M as of Dec. 31, 2021, consisting of cash and securities of publicly traded portfolio companies not subject to lock-up restrictions at quarter end. In its 2021 investment portfolio activity, net realized gains stood at $218.7M while investment funded as of Dec.31, 2021 stood at $81.7M.

For further details see:

SuRo Capital reports 22.5% drop in NAV as of December 2021