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SuRo Capital Corp. Second Quarter 2025 Preliminary Investment Portfolio Update
Globenewswireยท 2025-07-08 12:30
Core Insights - SuRo Capital Corp. reported its best quarter since inception, with a net asset value (NAV) per share increase of over 35% for Q2 2025, driven by the recognition of AI infrastructure companies' value [3][5] - The company declared an initial cash dividend of $0.25 per share, reflecting successful monetizations of public securities and indicating potential for additional dividends throughout the year [4][11] - As of June 30, 2025, SuRo Capital's estimated NAV per share is between $9.00 and $9.50, up from $6.66 per share at March 31, 2025 [5][10] Investment Portfolio Update - SuRo Capital held positions in 36 portfolio companies as of June 30, 2025, including 33 privately held and 3 publicly held [6] - The company made a $5.0 million investment in Plaid Inc., a leading fintech platform, in April 2025 [4][6] - Significant exits included CoreWeave, Inc., generating $25.3 million in proceeds and a gain of $15.3 million, and ServiceTitan, Inc., yielding $15.9 million in proceeds with a gain of $5.9 million [7] Financial Position - As of June 30, 2025, SuRo Capital's liquid assets totaled approximately $52.4 million, consisting of cash and directly-held securities [10] - The company had approximately 23,888,107 shares of common stock outstanding as of the same date [10]