6/12/2023 0 Comments Thinking rock add time to reportsWeighted-average common basic shares outstanding were approximately 17.4 million and 19.8 million for the quarters ended Maand 2019, respectively. The use of cash in connection with the repurchases decreased net asset value as of period end however, the reduction in shares outstanding as of period end resulted in an increase in the net asset value per share. (2) During the quarter ended March 31, 2020, the Company repurchased 689,928 shares of Sutter Rock common stock, for approximately $3.7 million in cash under its Share Repurchase Program. Net increase/(decrease) in net assets resulting from operations – basic (1) Net change in unrealized appreciation/(depreciation) of investments, Top Five Investments as of March 31, 2020 The Company’s top five portfolio company investments accounted for approximately 69% of the total portfolio at fair value as of March 31, 2020. As a result of the Company’s continued strategy to increase the size of its investments in individual portfolio companies, Sutter Rock has consolidated its investment portfolio around its top positions. Investment Portfolio as of March 31, 2020Īt March 31, 2020, Sutter Rock held positions in 22 portfolio companies with an aggregate fair value of approximately $159.9 million. To that end, we continue to evaluate and have committed to several exciting investment opportunities we expect to announce by the end of the second quarter.” “While overall market conditions contributed to a decline in NAV during the quarter, our strategic focus on identifying and investing in dynamic, high-growth, institutionally-backed private companies remains unchanged. “Despite the ongoing impact of the COVID-19 outbreak, we believe our portfolio is well-positioned to weather the uncertainty and ultimately capitalize on several drivers of economic recovery,” said Mark Klein, President and Chief Executive Officer of Sutter Rock. Net assets totaled approximately $172.5 million, or $10.22 per share at March 31, 2020, as compared to $11.38 per share at Decemand $10.75 per share at March 31, 2019. (“Sutter Rock” or the “Company”) ( SSSS) today announced financial results for the quarter ended March 31, 2020. SAN FRANCISCO, (GLOBE NEWSWIRE) - Sutter Rock Capital Corp. Net Asset Value of $10.22 per Share as of March 31, 2020
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