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Dec 31, 2023
SuRo Capital Q4 2023 Earnings Report
Announced fourth quarter and fiscal year 2023 financial results, reporting a net asset value of $7.99 per share as of December 31, 2023, and commenced a modified Dutch Auction tender offer to repurchase up to 2 million shares on February 20.
Key Takeaways
SuRo Capital Corp. reported its financial results for the fourth quarter and fiscal year ended December 31, 2023, with net assets totaling approximately $203.4 million, or $7.99 per share. The company added one new portfolio company and completed follow-on investments during the quarter and announced a modified Dutch Auction tender offer to repurchase up to 2.0 million shares of its common stock.
Net assets totaled approximately $203.4 million, or $7.99 per share, at December 31, 2023.
Added one new portfolio company through a $1.6 million investment in Colombier Sponsor II LLC during the fourth quarter.
Completed a $2.7 million follow-on investment in FourKites, Inc. and a $0.3 million follow-on investment in XGroup Holdings Limited (d/b/a Xpoint) during the fourth quarter.
Authorized a modified Dutch Auction tender offer to purchase up to 2.0 million shares of common stock at a price per share between $4.00 and $5.00.
Forward Guidance
SuRo Capital is focused on initiatives that enhance shareholder value, including the modified Dutch Auction tender offer to purchase up to 2.0 million shares of its common stock.
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