SuRo Capital Corp Brands, Inc. (NASDAQ:SSSS) Q4 2021 Earnings Conference Call March 9, 2022 5:00 PM ET Company Participants Adam Bates - Investor Mark Klein - President & Chief Executive Officer Allison Green - Chief Financial Officer Conference Call Participants Mark Palmer - BTIG Kevin Fultz - JMP Securities Alex Paris - Barrington Research Associates Lou Greif - Morgan Stanley Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to the SuRo Capital's Fourth Quarter and Fiscal Y ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q ____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-00852 __________________________ SuRo Capital Corp. (Exact name of registrant as spe ...

Financial Data and Key Metrics Changes - SuRo Capital achieved a net asset value (NAV) of approximately $426 million or $14.79 per share, marking an increase of $0.48 from the previous quarter's NAV of $14.31 per share [10][51] - The company declared a $2 per share dividend, bringing the total dividends declared or paid in 2021 to $7.25 per share [11][54] Business Line Data and Key Metrics Changes - The top five positions in the investment portfolio accounted for approximately 54% of the fair value, with Course Hero being the largest position [13] - The company added 7 new portfolio companies during the quarter, including investments in Orchard Technologies and Varo Money [27][31] Market Data and Key Metrics Changes - The education technology sector represented approximately 46% of the investment portfolio at fair value, while financial technology and services accounted for about 25% [50] - The company reported strong performance from portfolio companies, with several announcing SPAC mergers and IPOs [17][22] Company Strategy and Development Direction - SuRo Capital is focused on deploying capital into high-growth opportunities, with a strategy that includes investing in companies with strong market positions and growth potential [8][37] - The company plans to continue evaluating additional dividends based on portfolio activity for the remainder of the year [12][67] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the portfolio's positioning to drive long-term value through exits and strategic investments [37] - The company acknowledged the impact of market volatility and the ongoing effects of the COVID-19 pandemic on business operations [4][5] Other Important Information - The company has a current liquidity position of approximately $180.8 million, including $108.2 million in cash [52] - The Board of Directors approved an extension of the share repurchase program until October 31, 2022 [53] Q&A Session Summary Question: How does the company plan to manage certain blocking periods related to SPACs? - Management stated that they strictly adhere to the lockup provisions associated with SPACs [68][69] Question: What is the current loss associated with the Ozy Media investment? - The loss from the Ozy Media investment is reported to be slightly over $11 million [71]

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q ____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-00852 __________________________ SuRo Capital Corp. (Exact name of registrant as specifie ...

Financial Data and Key Metrics Changes - As of June 30, 2021, the net asset value (NAV) per share reached $16.56, an increase of $1.05 on a dividend-adjusted basis from the prior quarter [13] - Total net assets amounted to approximately $440 million, compared to $436 million in the first quarter [13] - The company declared a dividend of $2.25 per share, payable on September 30, 2021, following $3 per share declared in the first half of the year, totaling $5.25 per share declared to date [14][15] Business Line Data and Key Metrics Changes - The top five positions accounted for approximately 61% of the investment portfolio at fair value, with the top ten positions accounting for about 78% [17] - Coursera, the largest position, saw its shares close at $39.56 per share at the end of Q2, up from the IPO price of $33 [18] - Coursera's revenue grew by 38% year-over-year to over $102 million, with its enterprise segment growing 69% year-over-year [23] Market Data and Key Metrics Changes - The education technology sector represented approximately 51% of the investment portfolio at fair value, while marketplaces accounted for 16% and financial technology for 15% [72] - The digital advertising market is expected to grow from $335 billion in 2020 to over $600 billion by 2024, indicating significant growth potential for portfolio companies like Nextdoor [31] Company Strategy and Development Direction - The company is focusing on expanding its investment strategy beyond core equity into private credit and pre-SPAC merger PIPEs, aiming to democratize access to asset classes [40] - The company is actively evaluating new investment opportunities, with a robust deal flow noted in the private credit strategy [94][106] - The company plans to declare at least one more large dividend in November, subject to ongoing portfolio activity [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the sustained demand for online learning, driven by partnerships with global brands and the ongoing impact of the pandemic [21][27] - The company believes it is well-positioned to capture benefits from the long-term structural changes in education delivery and consumption [28] - Management noted that the current market weakness in SPACs presents selective capital deployment opportunities [44] Other Important Information - The company has invested in four different SPAC sponsor equity deals to date, with an aggregate investment size of $3.5 million [50] - The company reported a cash balance of approximately $130.1 million as of June 30, 2021, providing a strong position to deploy capital against attractive opportunities [75] Q&A Session Summary Question: Commentary on private credit strategy and deal flow expectations - Management noted good deal flow in the private credit strategy and is actively evaluating several opportunities [94] Question: Current shares of Coursera after selling the first tranche - The company retained 75% of its initial position, with 2,346,271 shares remaining, expected to be freely tradable soon [97] Question: Details on Skillsoft investment and trading status - The company participated in a PIPE for Skillsoft, and shares will be freely tradable once the registration statement is effective [100] Question: Plans for stock buyback to address share price discount - Management confirmed ongoing evaluations of stock buybacks as a method to enhance shareholder value, alongside recent distributions [103] Question: Ability to deploy capital given market conditions - Management indicated a robust pipeline of opportunities and a high confidence level in capital deployment despite market conditions [106]

SURO Q2 2021 Earnings Call August 4, 2021 Forward Looking Statements Statements included herein, including statements regarding SuRo Capital Corp.'s ("SuRo Capital", "SSSS", "we", "us" or "our") beliefs, expectations, intentions or strategies for the future, may constitute "forward-looking statements". SuRo Capital cautions you that forwardlooking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these stateme ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-Q ____________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2021 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 814-00852 __________________________ SuRo Capital Corp. (Exact name of registrant as specifi ...

SURO Q1 2021 Earnings Call May 5, 2021 Forward Looking Statements Statements included herein, including statements regarding SuRo Capital Corp.'s ("SuRo Capital", "SSSS", "we", "us" or "our") beliefs, expectations, intentions or strategies for the future, may constitute "forward-looking statements". SuRo Capital cautions you that forwardlooking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements ...

SuRo Capital Corp. (NASDAQ:SSSS) Q1 2021 Results Conference Call May 5, 2021 5:00 PM ET Company Participants Adam Bates - Investments Mark Klein - Chairman and CEO Allison Green - CFO Conference Call Participants Kevin Fultz - JMP Securities Howard Kaminsky - Kaminsky Family LLC Jon Hickman - Ladenburg Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to SuRo Capital's First Quarter 2021 Earnings Call. During today's presentation all parties will be in listen-only mode. Followi ...

Q4 & FYE 2020 Earnings Call March 10, 2021 Forward Looking Statements Statements included herein, including statements regarding SuRo Capital Corp.'s ("SuRo Capital", "SSSS", "we", "us" or "our") beliefs, expectations, intentions or strategies for the future, may constitute "forward-looking statements". SuRo Capital cautions you that forwardlooking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statem ...