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Stock impact report

Sutter Rock Capital Corp. Third Quarter 2019 Preliminary Investment and Portfolio Activity Update

SuRo Capital Corp. - Closed End Fund (SSSS) 
Company Research Source: GlobeNewswire
SAN FRANCICSO, Oct. 07, 2019 (GLOBE NEWSWIRE) -- Sutter Rock Capital Corp. (“Sutter Rock” or the “Company”) (Nasdaq:SSSS) today provided the following update on its investment and portfolio activity for the third quarter ended September 30, 2019. “Given the volatility during the third quarter in the broader equity market, specifically in the technology sector, we wanted to provide a preliminary quarter-end update for our shareholders,” said Mark Klein, President and Chief Executive Officer of Sutter Rock.  “For the quarter ended September 30, 2019, we expect Sutter Rock’s net asset value per share to increase to approximately $11.15 to $11.40 per share from $10.75 as of June 30, 2019. Overall, the expected increase in net asset value is due to the appreciation in value of our portfolio as a result of recent financings and M&A activity involving our portfolio companies.” As previously reported, Sutter Rock’s net assets totaled approximately $211.1 million, or $10.75 per share, at J Show less Read more
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