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.
SuRo Capital Corp. (Nasdaq: SSSS) is set to release its financial results for the quarter ending June 30, 2022, on August 3, 2022, after U.S. market close. A conference call for investors will take place at 2:00 p.m. PT (5:00 p.m. ET) on the same day, with participation details provided. The company focuses on investing in high-growth, venture-backed private companies, aiming to build a diverse portfolio while offering public access through its stock. The firm is headquartered in New York with an office in San Francisco.
SuRo Capital Corp. (SSSS) announced a preliminary update on its investment portfolio for Q2 2022, citing a projected net asset value (NAV) of $9.00 to $9.50 per share, down from $12.22 per share in Q1 2022 and $16.56 in Q2 2021. The company has maintained over 40% of its assets in cash, navigating a challenging market and capitalizing on investment opportunities, including new stakes in Whoop, Inc. and EDGE Markets, Inc. A share repurchase program has also been expanded, with over 1 million shares repurchased for around $8.3 million since March 2022.
SuRo Capital Corp. (SSSS) reported a net asset value (NAV) of $12.22 per share as of March 31, 2022, reflecting a rise from $11.72 per share at December 31, 2021, but down from $18.01 per share a year prior. The company declared $0.11 per share in dividends and repurchased over 580,000 shares worth approximately $5 million as part of its $55 million share repurchase program. Despite market volatility, SuRo maintains a conservative capital deployment approach and holds $170 million in investable funds.
SuRo Capital Corp. (Nasdaq: SSSS) will disclose its financial results for the quarter ending March 31, 2022, after the U.S. market closes on May 4, 2022. A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss these results, accessible via phone or a live webcast on their website. Following the call, a replay will be available until May 11, 2022. SuRo Capital focuses on investing in high-growth, venture-backed private companies, aimed at creating a diversified portfolio for its shareholders.
SuRo Capital Corp. (SSSS) has announced a preliminary estimate of its net asset value (NAV) for Q1 2022, anticipated to be between $11.85 and $12.55 per share, reflecting the impact of a $0.11 dividend. This compares to a NAV of $11.72 per share as of December 31, 2021. The company has repurchased over 280,000 shares for approximately $2.4 million amid significant market volatility, with an expanded share repurchase program of $55 million authorized. Q1 results are expected to be released in early May 2022.
SuRo Capital Corp. has authorized an additional $15 million for its Share Repurchase Program, raising the total to $55 million since the program began in August 2017. Currently, approximately $25 million remains available for repurchase until October 31, 2022. This decision comes as the company sees its stock trading at a significant discount relative to its net asset value, signaling the board's commitment to enhancing shareholder value through effective capital deployment.
SuRo Capital Corp. (SSSS) reported its financial results for 2021, announcing a Net Asset Value (NAV) of $11.72 per share as of December 31, 2021. The Board declared a $0.11 cash dividend for April 2022, contributing to total distributions of $8.00 per share for the year. The company realized $218.7 million in net gains on investments and distributed over $212 million to shareholders. However, net investment losses were approximately $(9.9 million). The firm raised $75 million through non-convertible debts, enhancing its investment capacity.
SuRo Capital Corp. (Nasdaq: SSSS) will announce its financial results for the quarter and fiscal year ending December 31, 2021, on March 9, 2022, after U.S. market close. A conference call for investors is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day, with U.S. participants using access number 323-701-0160. An international access number is also provided. Investors can listen live through the company's website and a recorded replay will be available for 12 months.
SuRo Capital Corp. (SSSS) reported a preliminary net asset value (NAV) of $11.25 to $12.00 per share for Q4 and fiscal year 2021, down from $14.79 per share as of September 30, 2021. This decrease is attributed to $2.75 in dividends declared in Q4, contributing to a total of $8.00 in dividends for the year, marking a record in shareholder returns. The company monetized $250.0 million in investments and raised $75.0 million in notes. SuRo Capital aims to leverage a robust pipeline with over $170.0 million in investable capital. Q4 results are expected to be released in March 2022.
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.