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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.
SuRo Capital
SuRo Capital
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.