Recent SSSS transcripts
Associated SSSS filings
Claire Councill | Investments |
Mark Klein | Chairman and CEO |
Allison Green | CFO |
Kevin Fultz | JMP Securities |
Alex Paris | Barrington Research |
Jon Hickman | Ladenburg |
Mihir Meswani | HMC Capital |
Louis Greifenstein | Morgan Stanley |
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the SuRo Capital Second Quarter 2021 Earnings Conference Call.
During today's presentation, all parties will be in a listen-only mode.
Following the presentation the conference will be open for questions. This call is being recorded today, Wednesday, August 4, 2021. the to turn of Claire now Capital. SuRo will conference speaker, over Councill I ahead. go Please
press Mark on or These SuRo of for in you like copies in be the today call is that unauthorized and to Chief SuRo at a to constitute Officer, impact guarantees Chairman statements. of law. suggested webcast the forward-looking joined on note Please detrimental filings, and to Capital's by our from release company's of and volatility call Chief that Capital, forward-looking COVID-XX press prohibited. Allison of described future forward at under any Replay to being those the remarks Green. Officer so and conference presentations. involve and looking this events issued not statements presentation the differ or intentions with Thank materially in of strictly Executive relate does Capital website us is reflective unless and prepared performance those filings the but may today's the in events from estimates market a available recorded statements your Actual required condition. to future our do from call Relations broadcast attention disclosures or our made SuRo management to the plans, is www.surocap.com. economy today's SEC. results to website obtain financial statements our and not limited joining to uncertainties not that today's in today. result on results undertake by our actual regarding Management call materially results reproduction Investor differ slide To is form our of future information. release to also may today's Statements and Financial the cause that business, time our property customary our included corresponds future by website sec.gov. would please including information portfolio and Klein; companies, call This which is live to forward-looking at are in factors, call. website, I'm www.surocap.com and/or of could statements visit earnings global may financial time I industry and the the a update of performance risks, including condition number a expectations or or by and www.surocap.com, number of pandemic latest SEC's as such forward-looking the SEC Today's the any
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us. Good Thank you, you for afternoon, and thank Claire. joining
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will the session. operator over Operator? the to call to Now Q&A turn I the start
Kevin we'll [Operator Instructions] to Fultz And first from Securities. go you. Thank JMP
line open. Your is
Good touching and on possibly satisfaction seeing thank there investment you. for code few and afternoon, my with the and you strategy we also quarters? taking commentary Could should Thank expect you're on investment you that next the the flow private question. of and opportunities your provide some the activity cadence deal over
Sure.
the private seeing absolutely credit We creditors' bespoke are strategy and be actively flow proprietary. in
deal seen a We have anticipated Thank good continue to evaluating evaluate set of you. as in flow as as and we we and opportunities that have would speak. are several
to our Paris moment like go looks from compose other to Right, just And pause Alex Research. Barrington we'll we'll for next and a it questions.
Your line open. is
Hey, guys, thanks my taking for question.
of a comments. lot the obviously had couple, there's Just a within information prepared
year? First selling off have Coursera, say on currently this you first did after you tranche how many earlier the shares
did say, Wait, well, -- and we Alex you for question. your thank
$XX last count. of Allison, have during a price have worth million if quarter We discount. plus of you as exact the $XX.XX quarter the last
position. initial our of XX% retained we've So
of corporate remaining today X,XXX,XXX remaining of security be will tradable you. freely shares, as Thank as and that have we feel Friday. on So we
Next from Jon we'll Hickman to Ladenburg. go
Your line open. is
of could thing? a mean? freely Skillsoft you traded Could you the you through those merged when company. be And shares will return tradable, in PIPE the got and run participated you in Again, I
who commitment was there trade and and in joined investor learning online it's a John. Thank filed Sure, and at part not are did this end be has yet. Skillsoft, QX, the Capital. we large other a Churchill PIPE effective made respected completed in Obviously year, to Two merger the is the process statement digital of $XXX able you, we we'd is once well at deemed pipeline. which of effective the earlier registration million a That deemed invest and in earlier last strategies. end freely it. of just to been And
next go Capital. we'll And to from HMC Mihir Meswani
line Your open. is
taking guys. the for Hey, call. Thanks
Just current a regard quick to question price. with share
little over doing a today XX% stock to the discount? Any close closed $XX.XX. plans a buyback on you roughly think I
Sure. you for Thank your question.
a actively we still approved buybacks Board to available our through of in stock involved fairly back by buying As us have been direct or through have buyback Directors. you large We tenders. know,
capital we've sense. that the I past count we're the the that, we've where in drive of was that demonstrated made to utilized appropriate when it our most we share believe use think
best well. will performance, our We We situation that of to actively a share, that. Thank in communication deployed, we we're take share at actually distributing always as to are a Obviously, shareholders evaluate shareholder just deal one hold, as methodologies achieve you. great we distributions, have is well. were investment But looking should of strategy, buybacks believe enhance the doing up our continue value. $X.XX having our we to And the obviously way to buy that.
Next, we'll Greif Lou from Stanley. to Morgan go
Your line is open.
On about I regulations, think difficulty] but about the pipeline, [Technical
opportunities ever. the ever we're more we've the etc. So thanks of before, deploy for do But done we've most this to our calling, capital I in this that, opportunities Unfortunately, able than At out. given the remarks, ability diligence and to coming you're have onset in you're robust be if than, is the that to evaluated quarter, me think prepared asking pipeline have, we market conditions, we is that my seeing and Lou. enough
is extremely flow deal our robust. So
fashion. is, high. We appropriate to and are to to we the or able deployment given where markets capital on it valuation, the the extremely we in obviously But selective capital, Thank we make you. that competence sure our and be our deploy conscious is are are deploy an what capital our judicious do in but and valuation of opportunities
this closing to at back it I'll And time, remarks. management for turn
acquired call, companies to Well, going have to future we've highly are that successes either is of we the lot was pipeline engaged more our and thank portfolio going in in it. about highly numerous robust excited portfolio. find lengthy and all And on a as being investment Obviously, robust the you our very been We're we much. public, appreciate that and be an -- awful there fund. or ever. than successes or enjoying, do of recent very the we our It the fortunate
taking appreciate with and be us you thank your this for the we So all time support afternoon. to all
conclude Thank participation. for for today. does our call you This your
disconnect. now may You
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