SuRo Capital announces expiration and final results of Tender Offer

seekingalpha04-04

SuRo Capital (NASDAQ:SSSS) said on Wednesday that in accordance with its previously announced Tender Offer, and based on the final count by Equiniti Trust Company, it will repurchase 2M shares at a ...

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Shares of SSSS fell 5.2%.  SSSS added that in conjunction with Equiniti Trust Company, it had determined the final proration factor for the tender offer is ~69.3%. The company said it is funding the repurchase of shares in the Tender Offer using a portion of its cash on hand. Press Release   More on SuRo Capital  SuRo Capital Corp.  Q4 2023 Earnings Call Transcript SuRo Capital: This Venture Equity BDC Is A Buy On 52% Discount To NAV SuRo Capital to commence modified Dutch auction tender offer to repurchase up to 2M shares of common stock SuRo Capital trims NAV range estimate in Q4 vs. Q3 Seeking Alpha’s Quant Rating on SuRo Capital","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","SSSS":"Sutter Rock Capital Corp."},"translate_title":"SuRo Capital宣布要约收购到期及最终结果","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SSSS":1},"content_text":"SuRo Capital (NASDAQ:SSSS) said on Wednesday that in accordance with its previously announced Tender Offer, and based on the final count by Equiniti Trust Company, it will repurchase 2M shares at a price of $4.70/share on a pro rata basis. Shares of SSSS fell 5.2%.  SSSS added that in conjunction with Equiniti Trust Company, it had determined the final proration factor for the tender offer is ~69.3%. The company said it is funding the repurchase of shares in the Tender Offer using a portion of its cash on hand. Press Release   More on SuRo Capital  SuRo Capital Corp. 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