SuRo Capital proposes externalization with Magnetar; Q1 NAV est. $14.00-$14.50

SURO CAPITAL CORP.

Q1 2026 estimated NAV per share $14.00-$14.50; liquid assets ~$46M as of March 31, 2026.
Board proposes externalization via joint venture with Magnetar (AUM ~$17.8B); stockholder vote required.
Externalization expected to yield annual cost savings of 0.77% of avg total assets; no incentive fee on existing portfolio.
Magnetar to invest $20M in SuRo Capital; management (Klein, Green) to continue under new adviser.
If approved, name to change to Neostellar Capital Corp.; conditional restricted shares and cash bonuses for executives.

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