To provide additional clarification about its current investment in Palantir Technologies, Inc., SuRo Capital Corp. (Nasdaq: SSSS) released the following statement:
“We own Palantir’s 4,618,952 limited common shares. Mark Klein, President and Chief Executive Officer of SuRo Capital, said that this is in line with the Palantir lock-up deal, representing 80 percent of our pre-IPO holdings of 5,773,690 common shares. We owned 5,373,690 common shares of Palantir at the end of the third quarter, including 754,738 remaining unrestricted common shares. The company sold the remaining unrestricted common shares after quarter-end, as stated in our third-quarter earnings release. The Palantir lock-up period extends and covers the second full trading day after the date of the public announcement of Palantir’s financial results for the year ending on 31 December 2020.
Furthermore, Klein added, we would like to clarify that our offering on the market is currently inactive. We do not sell shares below our current net asset value in accordance with the Investment Company Act of 1940, and we currently have no plans to restart our on-the-market offering. Finally, the firm would like to reiterate that we intend to declare an additional dividend for record shareholders at the end of the year in mid-December.
In case, the dividend was paid. On September 25, 2020, the Board of Directors of SuRo Capital announced a dividend of $0.25 per share paid to the common stockholders of the Company on October 20, 2020, as of the close of business on October 5, 2020. The company paid dividends in cash.
On October 28, 2020, the Board of Directors of SuRo Capital announced a dividend of $0.25 per share payable to the common stockholders of the Company on November 30, 2020 as of the close of business on November 10, 2020. It will pay the dividend in cash.