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Mar 31, 2022
SuRo Capital Q1 2022 Earnings Report
Reported financial results for the quarter ended March 31, 2022, with a net asset value of $12.22 per share.
Key Takeaways
SuRo Capital reported its financial results for the quarter ended March 31, 2022. The company's net assets totaled approximately $380.7 million, or $12.22 per share. The Board of Directors authorized an additional $15.0 million for share repurchases.
Net assets totaled approximately $380.7 million, or $12.22 per share, at March 31, 2022.
The Board of Directors authorized an additional $15.0 million for share repurchases.
The company held positions in 38 portfolio companies with an aggregate fair value of approximately $280.8 million.
Liquid assets were approximately $189.6 million as of March 31, 2022.
Forward Guidance
The company is taking a more conservative approach to deploying capital and exiting public investments due to the ongoing dislocation in the private and public markets.
Positive Outlook
- Consistently strong deal flow.
- Steady focus on making compelling investments in high-growth companies at appropriate valuations.
- Over $170.0 million of investable funds.
- Advantageously positioned to deploy capital as the public markets continue to reprice.
Challenges Ahead
- Significant declines and volatility in the public markets.
- Market is currently undervaluing the portfolio.
- Ongoing dislocation in the private and public markets.
- Taking a more conservative approach to both deploying capital and exiting public investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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