SuRo Capital Q2 NAV falls to $6.94; announces $75M convertible notes, $35M note buyback

SURO CAPITAL CORP.

2024-Q2 EPS reported -$1.34

Net asset value per share $6.94 at June 30, 2024, down from $7.17 at March 31, 2024 and $7.35 a year ago.
Net investment loss of $3.7M ($0.16/share); net decrease in net assets from operations of $10.7M ($0.45/share).
Entered Note Purchase Agreement for up to $75M of 6.50% Convertible Notes due 2029; initial $25M issuance expected Aug 14, 2024.
Board approved repurchase of up to $35M (46.67%) of its 6.00% Notes due 2026; no repurchases yet as of Aug 7.
Top five portfolio holdings (Learneo, Blink Health, CW Opportunity 2, ServiceTitan, Locus Robotics) represent 48.8% of fair value.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.