SuRo Capital redeems $290,000 4.75% convertibles due 2023

By Taylor Fox

New York, March 29 – SuRo Capital Corp. redeemed $290,000 of its 4.75% convertible senior notes due 2023 (Cusip: 36191JAC5) on March 29 at par plus accrued interest of $775,026, according to a 424B2 filing with the Securities and Exchange Commission.

As a result of the election of certain holders to surrender their notes for conversion into shares of common stock prior to the redemption date, the company issued a total of 4,272,696 shares of common stock since the notes were issued.

U.S. Bank NA is the trustee.

SuRo Capital is an investment fund based in San Francisco.

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