SuRo Capital Corp. Q4 And Fiscal Year 2023 Preliminary Investment Portfolio Update; As Of December 31, 2023, SuRo Capital's Net Asset Value Is Estimated To Be Between $7.85-$8.35 Per Share
Portfolio Pulse from Benzinga Newsdesk
SuRo Capital Corp. (SSSS) provided a preliminary update on its Q4 and fiscal year 2023 investment portfolio. The company's net asset value is estimated to be between $7.85-$8.35 per share as of December 31, 2023. Despite market volatility due to geopolitical events and economic challenges, SuRo Capital remains optimistic about finding quality investment opportunities. The company made new investments in several companies and exited or received proceeds from others, including Forge Global, Inc., NewLake Capital Partners, Inc., and Nextdoor Holdings, Inc. SuRo Capital's liquid assets were approximately $98.5 million, and it expects to announce its full results in March 2024.
January 16, 2024 | 9:14 pm
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SuRo Capital Corp. estimates its net asset value per share to be between $7.85 and $8.35 as of December 31, 2023, and remains optimistic about future investments despite a volatile market.
The estimated NAV per share indicates a slight decrease from the $8.41 per share as of September 30, 2023, but the company's optimistic outlook and substantial liquid assets may help maintain investor confidence. The impact on the stock price is likely to be neutral in the short term as the market has already absorbed the broader economic challenges mentioned.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100