SuRo Capital Corp. reports news as a publicly traded investment fund and business development company focused on high-growth, venture-backed private companies. Its updates center on net asset value, portfolio fair-value changes, investment activity, liquidity from portfolio holdings, distributions and quarterly or annual operating results.
Company news also covers exposure categories such as AI infrastructure, emerging consumer brands and consumer and enterprise software, as well as investments made directly, through secondary transactions, investment funds or SPVs. Additional announcements address shareholder voting matters, material agreements, capital-structure items and governance developments affecting the fund and its publicly traded common stock.
Sutter Rock Capital Corp. (Nasdaq: SSSS) announced a name change to SuRo Capital Corp., effective July 22, 2020. The company is a publicly traded investment fund focusing on high-growth, venture-backed private companies. Sutter Rock seeks to build a portfolio through a disciplined investment approach, providing investors access to these emerging private companies via its common stock. Headquartered in San Francisco, CA, Sutter Rock aims to deliver significant growth opportunities to its shareholders.
Sutter Rock Capital Corp. (Nasdaq: SSSS) has transitioned its 2020 Annual Meeting of Stockholders to a virtual format due to COVID-19. Scheduled for June 19, 2020, at 2:00 p.m. Eastern Time, stockholders can participate online, ensuring equal rights as in-person attendance. Access to the meeting will be available on the designated website approximately 30 minutes before the start time. Stockholders of record as of April 15, 2020, are entitled to vote during the meeting, with details accessible through previously distributed proxy materials.
Sutter Rock Capital Corp. (Nasdaq:SSSS) reported a net asset value (NAV) of approximately $172.5 million or $10.22 per share for Q1 2020, down from $11.38 per share at year-end 2019. Despite challenges from the COVID-19 pandemic, the company remains focused on investing in high-growth private companies. Key investments include Coursera and Palantir Technologies, making up 69% of its portfolio. The company exited its position in Parchment, realizing a gain of $6.9 million. Additionally, it repurchased shares totaling $3.7 million during the quarter.
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