SuRo Capital Corp. (NASDAQ:SSSS) Q2 2024 Results Conference Call August 7, 2024 5:00 PM ET

Company Participants

Evan Schlossman - Investor Relations
Mark Klein - Chairman and Chief Executive Officer
Allison Green - Chief Financial Officer

Conference Call Participants

Mac Sykes - Gabelli Fund

Operator

Hello, and welcome to SuRo Capital's Second 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. [Operator Instructions].

I'll now turn the call over to Evan Schlossman. Please go ahead.

Evan Schlossman

Thank you 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 and 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 in the SEC's website at sec.gov.

Now I would like to turn the call over to Mark Klein.

Mark Klein

Thank you, Evan. Good afternoon, and thank you for joining us. We would like to share the results of SuRo Capital's second quarter 2024. The second quarter was a broadly positive quarter for U.S. economy and equity markets as investors became increasingly confident in the prospect of rate cuts later in the year. But as of last week, the market has become volatile, with the VIX spiking to levels not seen since the onset of COVID in March of 2020. A confluence of domestic and global factors led to the sharp change in investor sentiment.