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Stock impact report

SuRo Capital Corp. Reports Second Quarter 2024 Financial Results

SuRo Capital Corp. - Closed End Fund (SSSS) 
Company Research Source: GlobeNewswire
Net Asset Value of $6.94 Per Share as of June 30, 2024 Executed Purchase Agreement for 6.50% Convertible Notes Due 2029 Board Approved Note Repurchase Program Up To $35.0 Million NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today announced its financial results for the quarter ended June 30, 2024. Net assets totaled approximately $162.3 million, or $6.94 per share, at June 30, 2024, as compared to $7.17 per share at March 31, 2024 and $7.35 per share at June 30, 2023. “The second quarter was broadly positive for the U.S. economy and equity markets as investors became increasingly confident in the prospect of rate cuts later in the year. However, as of late last week, the market has become volatile due to a confluence of domestic and global factors leading to a sharp change in investor sentiment. Despite these fluctuations in the broader public markets, in the second quarter, private technolog Show less Read more
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