SuRo Capital Q1 2021 Earnings Report
Key Takeaways
SuRo Capital reported its financial results for the quarter ended March 31, 2021. The company's net assets totaled approximately $436.0 million, or $18.01 per share. The Board of Directors declared a $2.50 per share dividend to shareholders.
Net asset value of $18.01 per share as of March 31, 2021.
Board of Directors declared $2.50 per share dividend.
Reached highest absolute and highest dividend-adjusted net asset value per share since inception.
Held positions in 32 portfolio companies with an aggregate fair value of approximately $275.8 million.
SuRo Capital
SuRo Capital
Forward Guidance
SuRo Capital believes that the record NAV, driven by developments within its current portfolio, has demonstrated the ability of SuRo Capital to drive long-term shareholder value. The significant cash balance generated by exits, combined with new investments and opportunities within the SPAC universe, is expected to create long-term shareholder value.
Positive Outlook
- Record NAV driven by developments within current portfolio.
- Demonstrated ability to drive long-term shareholder value.
- Significant cash balance generated by exits.
- Compelling new investments made to date in 2021.
- Unique opportunities leveraging proprietary access within the SPAC universe.
Challenges Ahead
- Impact of the COVID-19 pandemic.
- Market volatility that may be detrimental to our business.
- Risks associated with portfolio companies.
- Risks associated with the industry.
- Risks associated with the global economy.