Overview

* SuRo Capital NAV per share rises to $9.18 at June end, compared with $6.66 at March 31, and $6.94 per share year ago

* Growth driven by CoreWeave IPO and OpenAI's capital raise

* Co declares $0.25 per share dividend, reflecting strong monetizations

Outlook

* Company plans further distributions based on portfolio activity

* SuRo Capital ( SSSS ) focuses on AI infrastructure and fintech investments

* Company expects continued growth from AI-focused investments

* SuRo Capital ( SSSS ) aims to invest in high-growth, venture-backed private companies

Result Drivers

* AI INVESTMENTS - SuRo Capital ( SSSS ) attributes NAV growth to investments in AI infrastructure companies, including CoreWeave and OpenAI

* COREWEAVE IPO - Successful IPO and strong post-IPO trading of CoreWeave significantly contributed to NAV appreciation

* OPENAI CAPITAL RAISE - OpenAI's $40 bln capital raise at $300 bln valuation further validated AI platform demand, boosting portfolio value

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $21.20

Investme mln

nts Gain

Q2 Net $62.60

Asset mln

Value

Gain

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the investment management & fund operators peer group is "hold."

* Wall Street's median 12-month price target for SuRo Capital Corp ( SSSS ) is $10.00, about 15.1% above its August 5 closing price of $8.49

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)