SSSS - SuRo Capital reports Q1 preliminary update

2023-04-10 08:49:00 ET

• SuRo Capital ( NASDAQ: SSSS ) anticipates Q1 net asset value to be approximately $7.35 to $7.85 per share against $7.39/share at December 31, 2022 and ~$380.7M, or $12.22/share at March 31, 2022.
• As of March 31, 2023, the Company had 28,338,580 shares of the Company’s common stock outstanding.
• As of March 31, 2023, SuRo Capital held positions in 37 portfolio companies – 33 privately held and 4 publicly held, excluding short-term US treasuries.
• The liquid assets were ~$135.6M as of March 31, 2023, consisting of cash, short-term US treasuries, and securities of publicly traded portfolio companies not subject to lock-up restrictions at quarter-end.
• On March 17, 2023, the Company’s authorized a modified “Dutch Auction” tender offer to purchase up to 3M (approx. 10.6% of outstanding stock) common shares at not less than $3.00 and not greater than $4.50 in $0.10 increments, using available cash. The Tender Offer commenced on March 21, 2023 and will expire at 5:00 P.M., Eastern Time, on April 17, 2023, unless extended.
• Source: Press Release

For further details see: