earnings
confidence high
sentiment negative
materiality 0.80
SuRo Capital Q2 NAV $9.24/share (down 44% YoY); launches tender offer for up to 2M shares at $6-7
SURO CAPITAL CORP.
2023-Q2 EPS reported
-$2.39
- Net assets $280.2M ($9.24/sh) vs $12.22 at Mar 31, 2022 and $16.56 at Jun 30, 2021.
- Net investment loss $3.8M ($0.12/sh); net realized and unrealized loss of $90.6M.
- Net decrease in net assets from operations $94.3M ($3.07/sh) for Q2 2022.
- Modified Dutch Auction tender offer up to 2M shares ($6.00-$7.00), starts Aug 8, expires Sep 2, 2022.
- Cash & liquid assets $169.4M; new investments: Whoop ($10M), EDGE Markets, Shogun/Hearth.