• SuRo Capital board moved to shift fund management from internal BDC model to external manager via new investment advisory agreement with Neostellar Advisors, joint venture owned by certain current employees and Magnetar, subject to stockholder approval.
• Externalization plan includes $20 million equity investment by Magnetar affiliate, management continuity for Mark D. Klein and Allison Green.
• Proposal excludes pre-existing investments from any incentive fee calculations, preserving realized gains on existing portfolio for stockholders.
• Company also flagged expected annual expense savings, citing access to Magnetar sourcing, due diligence, portfolio support, institutional infrastructure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SuRo Capital Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605051605PRIMZONEFULLFEED9713584) on May 05, 2026, and is solely responsible for the information contained therein.