SuRo Capital Corp. Declares $0.25 Per Share Dividend

Rhea-AI Summary

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.

Positive

• Declared a cash dividend of $0.25 per share, payable on February 19, 2021, enhancing shareholder value.
• Dividend is expected to be treated as long-term capital gains by stockholders, potentially beneficial for tax purposes.

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• None.

SAN FRANCISCO, Jan. 27, 2021 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital” or the “Company”) (Nasdaq: SSSS) today announced the Company’s Board of Directors has declared a dividend in the amount of $0.25 per share payable on February 19, 2021 to the Company’s stockholders of record as of the close of business on February 5, 2021. The dividend will be paid in cash.

“We are pleased to announce our Board of Directors has declared a dividend in the amount of $0.25 per share,” said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital. “Given the performance of our portfolio, we believe this distribution is consistent with our objective of driving shareholder value.”

SuRo Capital’s $0.25 per share dividend payable on February 19, 2021 is expected to be reported as capital gains dividends and treated as long-term capital gains by stockholders.

Certain Information Regarding the Dividends

The date of declaration and amount of any dividends, including any future dividends, are subject to the sole discretion of SuRo Capital’s Board of Directors. The aggregate amount of the dividends declared and paid by SuRo Capital will be fully taxable to stockholders. The tax character of SuRo Capital’s dividends cannot be finally determined until the close of SuRo Capital’s taxable year (December 31). SuRo Capital will report the actual tax characteristics of each year’s dividends annually to stockholders and the IRS on Form 1099-DIV subsequent to year-end.

Registered stockholders with questions regarding declared dividends may call American Stock Transfer at 800-937-5449.

Forward-Looking Statements

Statements included herein, including statements regarding SuRo Capital's beliefs, expectations, intentions, or strategies for the future, may constitute "forward-looking statements". SuRo Capital cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. All forward-looking statements involve a number of risks and uncertainties, including the impact of the COVID-19 pandemic and any market volatility that may be detrimental to our business, our portfolio companies, our industry, and the global economy, that could cause actual results to differ materially from the plans, intentions, and expectations reflected in or suggested by the forward-looking statements. Risk factors, cautionary statements, and other conditions which could cause SuRo Capital's actual results to differ from management's current expectations are contained in SuRo Capital's filings with the Securities and Exchange Commission. SuRo Capital undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.

About SuRo Capital Corp.

SuRo Capital Corp. (Nasdaq: SSSS) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. The fund seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. SuRo Capital is headquartered in San Francisco, CA. Connect with the company on Twitter, LinkedIn, and at www.surocap.com.

Contact
SuRo Capital Corp.
(650) 235-4769
IR@surocap.com

Media Contact
Bill Douglass
Gotham Communications, LLC
Communications@surocap.com

FAQ

What is the amount of the dividend declared by SuRo Capital Corp. (SSSS)?

The amount of the dividend declared by SuRo Capital Corp. is $0.25 per share.

When will SuRo Capital Corp. (SSSS) pay the declared dividend?

The declared dividend will be paid on February 19, 2021.

Who is eligible to receive the dividend from SuRo Capital Corp. (SSSS)?

Stockholders of record as of February 5, 2021, are eligible to receive the dividend.

What is the tax implication of the dividend for SuRo Capital stockholders?

The dividend will be reported as capital gains dividends and treated as long-term capital gains.