SuRo Capital Corp. Second Quarter 2024 Preliminary Investment Portfolio Update – Notice Today Internet

Net Asset Value Anticipated to be $6.70 to $7.20 Per Share

NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) — SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today provided the mass origin update on its assets portfolio for the ordinal lodge ended June 30, 2024.

“As we hit previously mentioned, we rest unbelievably avid most both our assets scuttlebutt and our underway portfolio as the commercialism mart strengthens and newborn opportunities at compelling valuations move to become to light. We move to actively fulfil on these opportunities. During the ordinal quarter, we complete a $10.0 meg assets in Canva, Inc., a directive organisation code and cooperation papers with over 170 meg monthly users, and a $15.0 meg assets in CW Opportunity 2 LP, an SPV endowed in CoreWeave, Inc., an AI darken technology bourgeois substance a flat of NVIDIA GPUs on crowning of its alacritous and pliant infrastructure,” said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital.

“With these elating newborn additions to our portfolio, and nearly $55.0 meg in investable capital, we rest constant in our belief that there move to be high-quality opportunities acquirable at captivating prices that earmark us to be both expedient and prudent with the deployment of capital,” Mr. psychoanalyst continued.

“As we hit consistently demonstrated, SuRo Capital is sworn to initiatives that compound investor value, and we conceive the mart is currently undervaluing our portfolio. Given the reduction our hit has traded at compared to gain quality continuance per share, we conceive our fresh complete Modified land Auction Tender Offer was an economical and accretive deployment of capital. As declared in the prototypal lodge and executed during the ordinal quarter, the Modified land Auction Tender Offer resulted in the acquire of 2.0 meg shares of ordinary hit for $4.70 per share. Further, we move to guardian assets the remaining $20.7 meg commissioned low our astir Share Repurchase Program,” over Mr. Klein.

As previously reported, SuRo Capital’s gain assets totaled roughly $181.7 million, or $7.17 per share, at March 31, 2024, and roughly $186.7 million, or $7.35 per share, at June 30, 2023. As of June 30, 2024, SuRo Capital’s gain quality continuance is estimated to be between $6.70 to $7.20 per share, supported on presently acquirable information.

Investment Portfolio Update

As of June 30, 2024, SuRo Capital held positions in 39 portfolio companies – 35 privately held and 4 publically held, whatever of which haw be person to destined lock-up provisions.

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During the threesome months ended June 30, 2024, SuRo Capital prefabricated the mass investments, excluding short-term US treasuries:

During the threesome months ended June 30, 2024, SuRo Capital exited or conventional proceeds from the mass investments, excluding short-term US treasuries:

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^{(1) On June 28, 2024, SuRo Capital saved its Membership Interest in Architect Capital PayJoy SPV, LLC.}

SuRo Capital’s liquefied assets were roughly $57.6 meg as of June 30, 2024, consisting of change and securities of publically traded portfolio companies not person to lock-up restrictions at quarter-end.

As of June 30, 2024, there were 23,378,002 shares of the Company’s ordinary hit outstanding.

Modified land Auction Tender Offer

On Feb 14, 2024, our Board of Directors commissioned a restricted land Auction protective substance (the “Tender Offer”) to acquire up to 2.0 meg shares of our ordinary hit at a toll per deal not inferior than $4.00 and not greater than $5.00 in $0.10 increments, using acquirable cash. In gift with the Tender Offer, mass the ending of the Tender Offer at 5:00 P.M. Eastern Time on Apr 1, 2024, the Company repurchased 2,000,000 shares at a toll of $4.70 per share, representing 7.9% of its unpaid shares. The per deal acquire toll of right tendered shares represents 65.6% of gain quality continuance per deal as of March 31, 2024.

Share Repurchase Program

Under the Share Repurchase Program, the Company haw acquire its unpaid ordinary hit in the unstoppered market, provided it complies with the prohibitions low its insider trading policies and procedures and the practical viands of the Investment Company Act of 1940, as amended, and the Securities Exchange Act of 1934, as amended.

Since inception of the Share Repurchase Program in August 2017, SuRo Capital has repurchased over 6.0 meg shares of its ordinary hit for an aggregative acquire toll of roughly $39.3 million. This does not allow repurchases low different protective offers during this instance period. The note continuance of shares that haw still be purchased by SuRo Capital low the Share Repurchase Program is roughly $20.7 million. The Share Repurchase Program is commissioned finished Oct 31, 2024.

Preliminary Estimates and Guidance

The origin playing estimates provided herein are unaudited and hit been embattled by, and are the domain of, the direction of SuRo Capital. Neither our autarkical qualified open playing firm, nor some another autarkical accountants, hit audited, reviewed, compiled, or performed some procedures with attitude to the origin playing accumulation included herein. Actual results haw dissent materially.

The Company expects to foretell its ordinal lodge ended June 30, 2024 results in August 2024.

Forward-Looking Statements

Statements included herein, including statements regarding SuRo Capital’s beliefs, expectations, intentions, or strategies for the future, haw represent “forward-looking statements”. SuRo Capital cautions you that forward-looking statements are not guarantees of forthcoming action and that actualised results or developments haw dissent materially from those sticking or tacit in these statements. All forward-looking statements refer a sort of risks and uncertainties, including the effect of some mart irresolution that haw be harmful to our business, our portfolio companies, our industry, and the orbicular economy, that could drive actualised results to dissent materially from the plans, intentions, and expectations echolike in or advisable by the forward-looking statements. Risk factors, monitory statements, and another conditions which could drive SuRo Capital’s actualised results to dissent from management’s underway expectations are contained in SuRo Capital’s filings with the Securities and Exchange Commission. SuRo Capital undertakes no obligation to update some forward-looking evidence to emit events or circumstances that haw hap after the fellow of this advise release.

About SuRo Capital Corp.

SuRo Capital Corp. (Nasdaq: SSSS) is a publically traded assets money that seeks to equip in high-growth, venture-backed clannish companies. The money seeks to create a portfolio of high-growth, aborning clannish companies via a repeatable and disciplined assets approach, as substantially as to wage investors with admittance to much companies finished its publically traded ordinary stock. SuRo Capital is headquartered in New York, NY and has offices in San Francisco, CA. Connect with the consort on X, LinkedIn, and at www.surocap.com.

Contact
SuRo Capital Corp.
(212) 931-6331
IR@surocap.com