Welcome to our dedicated page for SuRo Capital news (Ticker: SSSS), a resource for investors and traders seeking the latest updates and insights on SuRo Capital stock.
SuRo Capital Corp. (NASDAQ: SSSS) is a publicly traded investment fund that focuses on maximizing total returns primarily through capital gains on equity and equity-related investments. As a non-diversified closed-end management investment company, SuRo Capital is dedicated to investing in high-growth, venture-backed private companies, offering investors access to a portfolio of these emerging businesses through its common stock.
Headquartered in New York, NY, with offices in San Francisco, CA, SuRo Capital employs a disciplined investment approach to build a diverse portfolio. Recent achievements include maintaining a Net Asset Value (NAV) of $8.41 per share as of September 30, 2023, and actively managing investments in leading companies such as Nextdoor Holdings, Inc. and PSQ Holdings, Inc. Significant activities in the third quarter of 2023 included receiving $0.3 million from Residential Homes for Rent, LLC for a 15% term loan repayment.
SuRo Capital continuously reviews and adjusts its portfolio, with notable transactions such as the repurchase of 186,493 shares of its common stock for approximately $0.7 million. The company also executed a Modified Dutch Auction Tender Offer to repurchase 2 million shares at a price between $4.00 and $5.00 each, with the most recent offer repurchasing shares at $4.70 per share.
Looking ahead, SuRo Capital anticipates its NAV to range between $7.85 and $8.35 per share by year-end 2023. The company remains committed to creating value for its shareholders through strategic investments, share repurchase programs, and ongoing portfolio management. For the latest updates and additional information, investors can connect with SuRo Capital on social media platforms such as X and LinkedIn or visit their official website at www.surocap.com.
SuRo Capital Corp. (Nasdaq: SSSS) has declared a cash dividend of $0.25 per share, scheduled for payment on February 19, 2021. This dividend is aimed at enhancing shareholder value and is associated with the company's strong portfolio performance. Stockholders on record as of February 5, 2021 will be eligible for this dividend, which will be reported as capital gains dividends for tax purposes. Future dividends are subject to the discretion of the Board.
SuRo Capital Corp. (Nasdaq: SSSS) reported an anticipated net asset value (NAV) increase to $15.00 to $15.50 per share, adjusted for $0.47 in dividends, up from $12.46 at September 30, 2020. This growth reflects a strong investment portfolio, including new investments in Blink Health Inc., Residential Homes for Rent, and follow-on investments in Enjoy Technology and GreenAcreage Real Estate Corp. As of December 31, 2020, net assets totaled approximately $252.7 million.
SuRo Capital Corp. (Nasdaq: SSSS) has announced an adjustment to the conversion rate of its 4.75% Convertible Senior Notes due 2023. As of December 30, 2020, the conversion price has been lowered to $9.42 per share from $9.58 due to a cash dividend of $0.22 per share payable on January 15, 2021. This change will allow holders to convert their notes into 106.1681 shares per $1,000 principal amount. The ex-dividend date was December 29, 2020. Future dividends will be determined by the Board of Directors and reported annually for tax purposes.
SuRo Capital has declared a dividend of $0.22 per share payable on January 15, 2021, to stockholders of record as of December 30, 2020. This decision follows continued monetization from public securities, particularly from Palantir Technologies Inc. sales. The dividend, along with previously declared dividends of $0.25 on November 30 and October 20, 2020, is characterized as capital gains dividends. SuRo Capital does not anticipate any taxable income for 2020, thus no dividends are expected to be ordinary.
SuRo Capital Corp. (SSSS) reported holding 4,618,952 restricted common shares of Palantir, representing 80% of its pre-IPO holdings. The company sold its remaining unrestricted shares after Q3 2020. SuRo's at-the-market offering is inactive, and it does not plan to issue shares below net asset value. An additional dividend is anticipated by year-end 2020. Recent dividends include $0.15 per share in August, and $0.25 per share in October and November. All dividends are fully taxable to stockholders, with details reported annually.
SuRo Capital Corp. (Nasdaq: SSSS) announced an adjustment to the conversion rate of its 4.75% Convertible Senior Notes due 2023, now set at $9.58 per share, down from $9.84. This adjustment is a result of the company’s cash dividend of $0.25 per share, payable on November 30, 2020. The ex-dividend date is November 9, 2020. Shareholders should note that dividends are fully taxable. Forward-looking statements address potential risks, including impacts from market volatility and the COVID-19 pandemic.
SuRo Capital Corp. (Nasdaq: SSSS) reported a net asset value (NAV) of $12.46 per share as of September 30, 2020, reflecting an increase from $11.84 in June 2020. The company declared a $0.25 dividend on October 28, 2020, following a similar dividend in September. Key portfolio developments included participation in Coursera's financing and a $10 million investment in Blink Health. As of September 30, SuRo Capital held investments in 24 companies, with total fair value reaching approximately $215.4 million.
SuRo Capital Corp. (Nasdaq: SSSS) will announce its financial results for Q3 2020 on November 5, 2020. A conference call for investors is scheduled for 2:00 p.m. PT, where management will discuss the results. Investors can access the call using the U.S. number 646-828-8143 or the international number 800-263-0877 with conference ID 1424765. A live webcast will be available on SuRo Capital’s website. Additionally, a replay of the call will be accessible until November 12, 2020. SuRo Capital focuses on investing in high-growth, venture-backed private companies.
SuRo Capital Corp. (Nasdaq:SSSS) has declared a $0.25 per share dividend payable on November 30, 2020, for stockholders of record by November 10, 2020, driven by monetizations in public securities, particularly from Palantir Technologies. The company anticipates declaring an additional dividend by year-end. Furthermore, the board approved an expansion of the share repurchase program by $10 million, totaling $50 million including earlier initiatives. This reflects confidence in the stock's undervalued position relative to its net asset value.
SuRo Capital Corp. (Nasdaq:SSSS) reported an anticipated net asset value of $12.30 to $12.60 per share, adjusted for a $0.40 dividend. The company sold shares of Palantir Technologies, realizing a $3 million gain. SuRo also invested $2.8 million in Coursera during Q3 2020, maintaining a diverse portfolio of 24 companies. The board declared a $0.25 dividend and plans to issue another by year-end. The at-the-market offering raised approximately $50.9 million, with potential for $99.1 million more. Financial results for Q3 are expected to be released on November 2, 2020.
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