• Net Asset Value (NAV): Decreased to $7.99 per share as of December 31, 2023, from $8.41 per share at September 30, 2023.

• Investment Activity: Added one new portfolio company and completed follow-on investments totaling $4.6 million in Q4 2023.

• Realized Gains and Losses: Net realized gain of $2.6 million in Q4 2023, despite some investments incurring losses.

• Portfolio Valuation: Top five investments represent approximately 56% of the total portfolio at fair value.

• Liquidity Position: Liquid assets stood at approximately $99.0 million as of year-end 2023.

• Share Repurchase: Modified Dutch Auction tender offer to repurchase up to 2 million shares commenced on February 20, 2024.

• Stock Performance: Share repurchase program in place, with over 6.0 million shares repurchased since inception.

On March 13, 2024, SuRo Capital Corp (NASDAQ:SSSS) released its financial results for the fourth quarter and fiscal year ended December 31, 2023, through its 8-K filing. The company, a non-diversified closed-end management investment company, reported a net asset value (NAV) of $7.99 per share, a decrease from $8.41 per share at the end of the previous quarter and an increase from $7.39 per share at the end of the previous year.

Financial Performance and Portfolio Activity

SuRo Capital's investment portfolio as of December 31, 2023, included 38 companies, with the top five investments accounting for approximately 56% of the total portfolio at fair value. During the fourth quarter, the company made new investments and follow-on investments totaling $4.6 million. However, the company also faced challenges, with a net investment loss of $2.7 million and a net decrease in net assets resulting from operations of $9.1 million for the quarter.

Despite these challenges, SuRo Capital saw opportunities in the market. "We believe valuations are becoming more attractive and that we are continuing to see more investable opportunities," said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital. The company's strategic investments and focus on enhancing shareholder value are reflected in its recent actions, including the commencement of a modified Dutch Auction tender offer to repurchase up to 2 million shares of its common stock.

Liquidity and Shareholder Value Initiatives

SuRo Capital's liquidity position remained strong, with liquid assets totaling approximately $99.0 million at the end of the fiscal year. The company's commitment to shareholder value is further demonstrated by its Share Repurchase Program, which has seen over 6.0 million shares repurchased for approximately $39.3 million since its inception in August 2017.