Suro Capital Corp Stock Price, News & Analysis

SuRo Capital Corp. (SSSS) announced a cash dividend of $0.75 per share, payable on January 14, 2022, to stockholders recorded by December 31, 2021. This brings the total declared dividends for 2021 to $8.00 per share, amounting to over $210 million in total distributions. The dividends are expected to be taxed as long-term capital gains. CEO Mark Klein highlighted 2021 as the most successful year for shareholder returns in the company's history and expressed optimism about future transactions and the upcoming 2022 dividend strategy.

SuRo Capital Corp. (Nasdaq: SSSS) has priced a registered public offering of $70 million in 6.00% Notes due 2026, aiming for net proceeds of approximately $67.46 million. The offering is set to close on December 17, 2021, with the notes maturing on December 30, 2026, and interest payable quarterly starting March 30, 2022. The funds will support investments in portfolio companies and general corporate purposes. The company has a 30-day option for underwriters to purchase an additional $10.5 million in notes. Listing of the notes on Nasdaq is anticipated.

SuRo Capital Corp. (Nasdaq: SSSS) has announced the commencement of an underwritten offering of unsecured notes, subject to market conditions. The terms, including the interest rate, will be confirmed at pricing. The Company plans to grant underwriters a 30-day option to purchase additional notes for overallotments. The notes are expected to trade on The Nasdaq Global Market under the symbol SSSSL, pending approval. Proceeds from the offering will be used for investments in portfolio companies and general corporate purposes.

SuRo Capital Corp. reported a Net Asset Value (NAV) of $14.79 per share as of September 30, 2021, down from $16.56 at June 30, 2021. The company declared a $2.00 per share dividend payable on December 30, 2021, bringing total dividends for 2021 to $7.25 per share. The firm maintained a diversified portfolio with investments in 39 companies valued at approximately $315.8 million. Notably, SuRo completed four SPAC mergers and announced several IPOs, enhancing shareholder value. However, net investment loss was reported at $2.2 million for the quarter.

SuRo Capital Corp. (Nasdaq: SSSS) will release its financial results for Q3 2021 on November 3, 2021, post-market close. A conference call for investors is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day. The call can be accessed via U.S. dial-in at 323-794-2423 or international dial-in at 800-289-0438 using conference ID 7302661. A live webcast will also be available through SuRo Capital’s website, with an archived replay lasting for 12 months.

SuRo Capital (SSSS) announced a preliminary update regarding its investment portfolio for Q3 2021, estimating its net asset value (NAV) to be between $14.15 and $15.00 per share, down from $16.56 as of June 30, 2021. This includes a $2.25 dividend paid during the quarter. The company has recorded a total of 39 portfolio companies and made investments in seven new companies during this period. Notably, its investment in Ozy Media is marked at zero due to recent developments. The earnings announcement is expected in early November 2021.

SuRo Capital (SSSS) reported a Net Asset Value (NAV) of $16.56 per share as of June 30, 2021, with total net assets of approximately $439.6 million. The company declared a $2.25 per share dividend payable on September 30, 2021. This quarter saw a significant NAV increase supported by the partial monetization of Coursera and investments in SPACs totaling $3.5 million, now valued at over $30 million. The investment portfolio value reached $309.4 million as of June 30, with top holdings accounting for 61% of this total.

SuRo Capital Corp. (Nasdaq: SSSS) announced it will report Q2 2021 financial results on August 4, 2021, after market close. Management will host a conference call for investors at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. U.S. participants can dial 323-794-2093, while international participants can call 866-548-4713, using conference ID 8107228. The presentation will also be available via webcast and archived for 12 months post-event.

SuRo Capital Corp. (SSSS) announced a preliminary estimate of its net asset value for Q2 2021, projecting it to be between $16.50 and $17.00 per share, marking the highest dividend-adjusted NAV since inception. This estimate considers a $2.50 per share dividend paid during the quarter. The company made significant investments, including $10 million in Skillsoft Corp. and Trax Ltd., along with a $2.7 million investment in Colombier Sponsor LLC. As of June 30, 2021, there are 26,540,743 shares outstanding.