Good day, ladies and gentlemen, and thank you for standing by. Welcome to SuRo Capital's Third Quarter 2021 Earnings Conference Call. [Operator Instructions]. This call is being recorded today, Wednesday, November 3, 2021. I will now turn the conference over to today's speaker, Jackson Stone of SuRo Capital. Please go ahead, sir.

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 wish to call your attention to customary disclosures in today's earnings call -- 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 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 COVID-19 pandemic and any market volatility that may be detrimental to our business, our portfolio companies, our industries 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 the SEC's website at sec.gov. Now I would like to turn the call over to Mark Klein.

Thank you, Jackson. Good afternoon, and thank you for joining us. We are pleased to share the results of SuRo Capital's third quarter 2021. This has been one of the most exciting quarters to date for our firm, including notable exits and exciting investment opportunities in multiple different verticals. This quarter, 3 additional portfolio companies announced their intentions to become publicly traded through a SPAC merger, making a total of 5 SPAC merger announcements in 2021. In addition to the SPAC mergers, 3 of our portfolio companies announced intentions to be acquired and 2 had completed acquisitions as of quarter end. As we make notable exits, we are excited to deploy capital in compelling new high-growth opportunities and have added 7 new companies to our portfolio in this quarter alone. I'm excited to share more details on these events before handing the call over to Allison Green for a brief financial overview. At the conclusion of our remarks, we will open the call for questions. Let's start with Slide 3. This quarter, SuRo Capital again reached our highest dividend adjusted net asset value per share since inception, surpassing the records we set in both Q2 of 2021 and Q1 of 2021. At the end of the quarter, SuRo Capital had a net asset value of approximately $426 million or $14.79 per share, which was near the top of the anticipated range that we posted in our prerelease. The $14.79 per share net asset value is inclusive of a $2.25 per share dividend declared and paid during the quarter. This net asset value per share represents a $0.48 increase from the $14.31 dividend adjusted net asset value at the end of the second quarter. Consistent with our desire to be shareholder-friendly and our continued practice of distributing realized gains on, November…

Thank you, Mark. I would like to follow Mark's update with a more detailed review of our third quarter investment activity and financial results as of September 30, 2021, including recently declared dividends and our current liquidity position. First, I will review our investment activity. Please turn to Slide 10. During the quarter, we invested a total of $31.4 million in new and follow on investments. New investments during the third quarter include a $10 million investment in the Series D preferred shares of Orchard Technologies, a $10 million investment in common shares of Varo Money, an additional $7.4 million in funded capital calls to complete our $10 million commitment to Architect capital PayJoy SPV, a $2.5 million investment in the preferred shares PayJoy, Inc. and approximately $700,000 investment of a total $2 million limited partner commitment in True Global Ventures 4 Plus investment funds and approximately $500,000 investment in the Series Seed-2 preferred shares of YouBet Technology doing businesses as PickUp and a $250,000 investment in the share units of AltC Sponsor LLC, the sponsor vehicle for AltC Acquisition Corp. 2021 investments through September 30 totaled approximately $70.1 million. Please turn to Slide 11. This slide highlights our exits made and proceeds received during the third quarter. Most notably, during the third quarter, we sold 837,181 of our Coursera common shares for approximately $32.8 million of net proceeds resulting in a net realized gain of approximately $28.6 million. These sales during the third quarter are in addition to the exit of 25% of our original Coursera position at the time of IPO for net proceeds of $30.7 million and a net realized gain of approximately $26.9 million made during the second quarter. I will review our Coursera sales subsequent to quarter end and to date on the next slide.…

[Operator Instructions]. And we'll take our first question from [indiscernible] Ventures.

My first question is with respect to the current vibes in the market, which are pertaining to the SPACs and the volatility. How do you plan to manage certain blocking periods? And then there's a follow-up to that. I'm asking this because a certain percentage of the portfolio is associated with SPACs and then there's a locking associated with that.

Unfortunately, I don't think I followed the first -- the second part of your question. But in respect to the first part of your question, any SPAC that is subject to lockup is either -- is subject to lockup and those lockups are laid out quite clearly and highly restrictive. And of course, we abide exactly by the lockups that are put forward.

And next we'll move on to [indiscernible] Financial Services.

Could you tell me what the exact loss or proceed loss at this moment of the Ozy Media investment wise?

On Ozy Media. It's somewhere slightly north of $11 million.

And that does conclude our question-and-answer session today. I would like to turn the conference back over to the speakers for any additional or closing remarks.

Well, we at SuRo thank all of you for taking the time for this conference call, for taking -- and for supporting us as shareholders. As always, we're available for any other follow-up, you can contact us directly through our IR portal. Thank you all very much, and appreciate the time you spent with us today.

Thank you. And that does conclude today's teleconference. We do appreciate your participation. You may now disconnect.