SuRo Capital Q3 2020 Earnings Report
Key Takeaways
SuRo Capital reported its financial results for Q3 2020, with net assets totaling approximately $252.7 million, or $12.46 per share. The company saw continued sequential improvement over the last quarter, reaching its highest dividend-adjusted net asset value per share since September 30, 2015. The Board of Directors declared a $0.25 dividend on October 28, 2020, in addition to the $0.25 dividend declared on September 28, 2020.
Net asset value was $12.46 per share as of September 30, 2020, compared to $11.84 per share at June 30, 2020, and $11.24 per share at September 30, 2019.
Liquid assets were approximately $107.3 million as of September 30, 2020, consisting of cash and securities of publicly traded portfolio companies.
The company funded a $2.8 million follow-on investment in Coursera during the quarter.
Subsequent to quarter-end, a new $10.0 million equity investment in Blink Health, Inc. was closed.