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Earnings Call Summary | SuRo Capital(SSSS.US) Q1 2024 Earnings Conference

Futu News ·  May 9 21:00  · Conference Call

The following is a summary of the SuRo Capital Corp. (SSSS) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • SuRo Capital reported a net asset value of $181.7 million, or $7.17 per share for Q1 2024, showing a decrease from the net asset value of $7.99 per share at the end of 2023, and $7.59 per share in Q1 2023. In the following quarter, investments were made in Canva and CoreWeave amounting to $10 million and $15 million respectively.

Business Progress:

  • SuRo Capital has increased its capital deployment, especially in the past four months, with investments in Canva and CoreWeave. This is consistent with their strategic shift towards AI infrastructure. To enhance shareholder value, they executed a modified Dutch Auction Tender offer during Q1. The company has also invested $10 million in Series F1 preferred shares of Liquid Debt and has continued to monetize public common shares and warrants.

More details: SuRo Capital IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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