SuRo Capital Corp. Announces Expiration and Final Results of Tender Offer
SuRo Capital Corp. - Closed End Fund (SSSS)
Company Research
Source: GlobeNewswire
NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- SuRo Capital Corp. (“SuRo Capital” or the “Company”) (Nasdaq: SSSS) today announced its final results from its modified “Dutch Auction” tender offer (the “Tender Offer”). The Company’s Tender Offer expired at 5:00 P.M., Eastern Time, on April 1, 2024. The Tender Offer was made pursuant to an Offer to Purchase dated February 20, 2024 and the related Letter of Transmittal, by which the Company offered to purchase up to 2,000,000 shares of its common stock at a price per share not less than $4.00 and not greater than $5.00 in $0.10 increments, using available cash, which documents were filed with the Securities and Exchange Commission on February 20, 2024. In accordance with the Company’s previously announced Tender Offer, and based on the final count by Equiniti Trust Company, LLC, the depositary for the Tender Offer, the Company will repurchase 2,000,000 shares, representing 7.9% of its outstanding shares, for payment on or about April
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News
- SuRo Capital Corp. (NASDAQ: SSSS) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $6.00 price target on the stock.MarketBeat
- SuRo Capital Corp. First Quarter 2024 Preliminary Investment Portfolio Update [Yahoo! Finance]Yahoo! Finance
- SuRo Capital Corp. First Quarter 2024 Preliminary Investment Portfolio UpdateGlobeNewswire
- SuRo Capital Corp. Announces Expiration and Final Results of Tender Offer [Yahoo! Finance]Yahoo! Finance
- SuRo Capital Corp. (NASDAQ: SSSS) had its price target raised by analysts at JMP Securities from $5.50 to $6.00. They now have a "market outperform" rating on the stock.MarketBeat
SSSS
Sec Filings
- 4/19/24 - Form DEFA14A
- 4/18/24 - Form DEF
- 4/16/24 - Form 8-K
- SSSS's page on the SEC website