Yahoo Finance SuRo Capital Corp. (NASDAQ:SSSS) Q1 2024 Earnings Call Transcript
SuRo Capital Corp. (NASDAQ:SSSS) Q1 2024 Earnings Call Transcript May 8, 2024
SuRo Capital Corp. isn't one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
Operator: Hello, and welcome to SuRo Capital's First Quarter 2024 Earnings Call. My name is Melissa, and I will be your coordinator for today's event. Please note, this conference is being recorded. And for duration of the call, your lines will be in a listen-only mode. However, you will have the opportunity to ask questions at the end of the presentation. [Operator Instructions] I'll turn the call over to Adam Bates. Please go ahead.
Adam Bates: Thank you very much for joining us on today's call. I'm joined today by the Chairman and Chief Executive Officer of SuRo Capital, Mark Klein; and Chief Financial Officer, Allison Green. Please note that a slide presentation corresponding to today's prepared remarks by management is available on our website at www.surocap.com under Investor Relations, Events & Presentations. Today's call is being recorded and broadcast live on our website, www.surocap.com. Replay information is included in our press release issued today. This call is the property of SuRo Capital and the unauthorized reproduction of this call in any form is strictly prohibited. I would also like to call your attention to customary disclosures in today's earnings press release regarding forward-looking information.
Statements made in today's conference call and webcast may constitute forward-looking statements, which relate to future events or our future performance or financial condition. These statements are not guarantees of our future performance or future financial condition or results and involve a number of risks, estimates and uncertainties, including the impact of any market volatility that may be detrimental to our business, our portfolio companies, our industry and the global economy that could cause actual results to differ materially from the plans, intentions and expectations reflected in or suggested by the forward-looking statements. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors including, but not limited to, those described from time to time in the company's filings with the SEC.
Management does not undertake to update such forward-looking statements unless required to do so by law. To obtain copies of SuRo Capital's latest SEC filings, please visit our website at www.surocap.com or the SEC's website at sec.gov. Now, I would like to turn the call over to Mark Klein.
Mark Klein: Thank you, Adam. Good afternoon, and thank you for joining us today. We would like to share the results of SuRo Capital's first quarter 2024. As most of you know, for over 13 years, SuRo Capital has provided public equity investors access to late-stage venture capital-backed private companies such as Facebook, Twitter, Snap, Lyft, Dropbox, Spotify, Palantir and Coursera, just to name a few. We are excited to see the renewed and accelerating public investor interest in later-stage venture capital as an asset class. We believe our current portfolio, including recent investments, year-to-date, will continue to drive shareholder value. We are pleased to share that we have deployed more capital in the last four months than any period in the last two years.
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