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Jun 30, 2021
SuRo Capital Q2 2021 Earnings Report
Reported financial results for the quarter ended June 30, 2021.
Key Takeaways
SuRo Capital Corp. reported its financial results for the quarter ended June 30, 2021. The company's net assets totaled approximately $439.6 million, or $16.56 per share, inclusive of dividends totaling $2.50 per share declared and paid during the second quarter. The Board of Directors declared a $2.25 per share dividend payable on September 30th.
Net Asset Value of $16.56 Per Share as of June 30, 2021, inclusive of dividends totaling $2.50 per share declared and paid during the second quarter.
Reached its highest dividend-adjusted NAV since inception.
New investments in SPAC founder shares, such as our $2.7 million investment in Colombier Sponsor LLC and our $0.3 million investment in AltC Sponsor LLC, bring our aggregate SPAC founder share investment size to $3.5 million.
Board of Directors declared a $2.25 per share dividend to shareholders.
Forward Guidance
The company anticipates long-term value to stakeholders from SPAC mergers and IPO filings.
Positive Outlook
- SPAC mergers within portfolio, including the closing of Rover, Inc.’s merger with Nebula Caravel Acquisition Corp
- Merger announcements from Nextdoor, Inc. and Enjoy Technology, Inc.
- Announcements of Rent the Runway, Inc.’s and NewLake Capital Partners, Inc.’s IPO filings
- Offering shareholders the option to elect to take as much as 100% of their dividend in stock
- Capped the aggregate cash dividend to 50% of the total dividend payable
Challenges Ahead
- Impact of the COVID-19 pandemic
- Market volatility that may be detrimental to our business
- Market volatility that may be detrimental to our portfolio companies
- Market volatility that may be detrimental to our industry
Historical Earnings Impact
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Avg. Return Before/After Earnings
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