Latest news with #SUNS
Yahoo
29-05-2025
- Business
- Yahoo
Sunrise Realty Trust Expands Revolving Credit Facility to $140 Million with Addition of EverBank as Joint Lead Arranger
WEST PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ('SUNS' or the 'Company') (Nasdaq: SUNS), a lender on the TCG Real Estate platform, today announced the expansion of its senior secured revolving credit facility (the 'Credit Facility') with the addition of EverBank, N.A. ('EverBank'). EverBank has committed $50 million to the facility, bringing total committed capital to $140 million. The Credit Facility, originally established with East West Bancorp, Inc. ('East West Bank') in November 2024, remains expandable to $200 million, subject to certain conditions and additional lender participation. Proceeds from the Credit Facility will continue to support unfunded commitments under existing loans, fund SUNS' commercial real estate loan pipeline in alignment with the Company's investment strategy, and provide general working capital. 'Adding a third institutional bank to the credit facility highlights the strength of SUNS' lending platform and the trust we've built with our financing partners,' said Leonard Tannenbaum, Executive Chairman of SUNS. 'Expanding the facility to $140 million in commitments provides added financial flexibility to pursue attractive opportunities and drive continued growth in our target markets.' 'EverBank is pleased to support SUNS as it continues expansion of its platform and growth of its CRE loan portfolio. Joining this credit facility highlights our desire to offer highly customized loan structures that serve borrowers' specific requirements, and we look forward to serving SUNS' evolving needs in the future,' said Kevin Mammoser, Managing Director, EverBank Structured Real Estate. About Sunrise Realty Trust, Inc. Sunrise Realty Trust, Inc. (Nasdaq: SUNS) is an institutional commercial real estate ('CRE') lender providing flexible financing solutions to sponsors of CRE projects primarily in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets predominantly located in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit About TCG Real Estate TCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT, Southern Realty Trust Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefitting from economic tailwinds with growth potential. About EverBank EverBank, N.A. ('EverBank') is a nationwide specialty bank providing high-value products and services to consumer and commercial clients nationwide. As a pioneer in online banking, we offer convenient digital access for clients 24/7, in addition to phone banking services and a network of financial centers across Florida and California. EverBank's commitment is to deliver to our clients high-performing, high-yield solutions backed by exceptional service, always giving them the advantage they expect, to make the most of their money. Visit or connect and interact with us on Facebook, Instagram, LinkedIn or X. EverBank is a Member FDIC. About East West Bank East West Bank provides financial services that help customers reach further and connect to new opportunities. East West Bancorp, Inc. is a public company (Nasdaq: EWBC) with total assets of $76 billion as of December 31, 2024. The company's wholly owned subsidiary, East West Bank, is the largest independent bank headquartered in Southern California and operates over 110 locations in the United States and Asia. The Bank's markets in the United States include California, Georgia, Illinois, Massachusetts, Nevada, New York, Texas and Washington. Investor Relations Contact Robyn Tannenbaum561-510-2293 ir@ in to access your portfolio
Associated Press
07-05-2025
- Business
- Associated Press
Sunrise Realty Trust, Inc. Announces Financial Results for the First Quarter 2025
WEST PALM BEACH, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) ('SUNS' or the 'Company') today announced its results for the quarter ended March 31, 2025. SUNS reported generally accepted accounting principles ('GAAP') net income of $3.1 million or $0.27 per basic weighted average common share and Distributable Earnings of $3.5 million or $0.31 per basic weighted average common share for the first quarter of 2025. Brian Sedrish, Chief Executive Officer, said, 'SUNS entered 2025 with a strong balance sheet and a portfolio comprised of recently originated, performing loans, enabling the Company to continue to remain on offense as it seeks to originate attractive, commercial real estate loans across the Southern United States, with an emphasis on residential and mixed-use assets. With a significant number of transitional lenders remaining preoccupied with their legacy loan books, and conventional lenders continuing to remain conservative, the conditions remain attractive for SUNS to capitalize on this market environment.' Common Stock Dividend On April 15, 2025, the Company paid a cash dividend of $0.30 per common share for the first quarter of 2025. SUNS distributed $4.0 million in dividends, or $0.30 per common share, compared to Distributable Earnings of $0.31 per basic weighted average common share for such period. The Company previously provided an estimate that, based on certain assumptions, it expected to generate Distributable Earnings at, or close to, $0.30 per basic weighted average common share for the first two quarters of 2025 as the Company deployed the capital from its January 2025 equity offering. The Company maintains its recent guidance as it pertains to the second quarter. However, this estimate is subject to change. Additional Information SUNS issued a presentation, titled 'First Quarter 2025 Investor Presentation,' which can be viewed at under the Investor Relations section. The Company also filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, with the Securities and Exchange Commission on May 7, 2025. SUNS routinely posts important information for investors on its website, . The Company intends to use this webpage as a means of disclosing material information, for complying with our disclosure obligations under Regulation FD and to post and update investor presentations and similar materials on a regular basis. SUNS encourages investors, analysts, the media and others interested in SUNS to monitor the Investors section of its website, in addition to following its press releases, SEC filings, public conference calls, presentations, webcasts and other information posted from time to time on the website. To sign-up for email-notifications, please visit the 'Email Alerts' section of the website under the 'IR Resources' section. Conference Call & Discussion of Financial Results SUNS will host a conference call at 10:00 am (Eastern Time) on Wednesday, May 7, 2025, to provide an update on the business. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor Relations section of SUNS's website found here: SUNS – Investor Relations , or by registering in advance at this link . To participate in the live conference call, dial 888-715-9871 (or 646-307-1963 for international callers) and provide Conference ID 6235201. A replay will be available one hour after the event and archived for 90 days on the Investor Relations section of SUNS' website. About Sunrise Realty Trust, Inc. Sunrise Realty Trust, Inc. (NASDAQ: SUNS) is an institutional commercial real estate ('CRE') lender providing flexible financing solutions to sponsors of CRE projects in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit Non-GAAP Metrics In addition to using certain financial metrics prepared in accordance with GAAP to evaluate our performance, we also use Distributable Earnings to evaluate our performance excluding the effects of certain transactions and GAAP adjustments we believe are not necessarily indicative of our current loan activity and operations. Distributable Earnings is a measure that is not prepared in accordance with GAAP. Distributable Earnings and the other capitalized terms not defined in this section have the meanings ascribed to such terms in our most recently filed quarterly report. We use this non-GAAP financial measure both to explain our results to shareholders and the investment community and in the internal evaluation and management of our businesses. Our management believes that this non-GAAP financial measure and the information they provide are useful to investors since these measures permit investors and shareholders to assess the overall performance of our business using the same tools that our management uses to evaluate our past performance and prospects for future performance. The determination of Distributable Earnings is substantially similar to the determination of Core Earnings under our Management Agreement, provided that Core Earnings is a component of the calculation of any Incentive Compensation earned under the Management Agreement for the applicable time period, and thus Core Earnings is calculated without giving effect to Incentive Compensation expense, while the calculation of Distributable Earnings account for any Incentive Compensation earned for such time period. We define Distributable Earnings as, for a specified period, the net income (loss) computed in accordance with GAAP, excluding (i) stock-based compensation expense, (ii) depreciation and amortization, (iii) any unrealized gains, losses or other non-cash items recorded in net income (loss) for the period, regardless of whether such items are included in other comprehensive income or loss, or in net income (loss); provided that Distributable Earnings does not exclude, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with PIK interest and zero coupon securities), accrued income that we have not yet received in cash, (iv) provision for (reversal of) current expected credit losses ('CECL'), (v) taxable REIT (as defined below) subsidiary ('TRS') (income) loss, net of any dividends received from TRS and (vi) one-time events pursuant to changes in GAAP and certain non-cash charges, in each case after discussions between our Manager and our independent directors and after approval by a majority of such independent directors. We believe providing Distributable Earnings on a supplemental basis to our net income as determined in accordance with GAAP is helpful to shareholders in assessing the overall performance of our business. As a real estate investment trust ('REIT'), we are required to distribute at least 90% of our annual REIT taxable income, subject to certain adjustments, and to pay tax at regular corporate rates to the extent that we annually distribute less than 100% of such taxable income. Given these requirements and our belief that dividends are generally one of the principal reasons that shareholders invest in our common stock, we generally intend to attempt to pay dividends to our shareholders in an amount at least equal to such REIT taxable income, if and to the extent authorized by our Board of Directors. Distributable Earnings is one of many factors considered by our Board of Directors in authorizing dividends and, while not a direct measure of net taxable income, over time, the measure can be considered a useful indicator of our dividends. Distributable Earnings is a non-GAAP financial measure and should not be considered as a substitute for GAAP net income. We caution readers that our methodology for calculating Distributable Earnings may differ from the methodologies employed by other REITs to calculate the same or similar supplemental performance measures, and as a result, our reported Distributable Earnings may not be comparable to similar measures presented by other REITs. The following table provides a reconciliation of GAAP Net income to Distributable Earnings: Three months ended March 31, 2025 2024 Net income $ 3,099,437 $ 1,762,345 Adjustments to net income: Stock-based compensation expense 243,621 — Depreciation and amortization — — Unrealized (gains) losses, or other non-cash items — — Provision for (reversal of) current expected credit losses 117,648 — TRS (income) loss — — One-time events pursuant to changes in GAAP and certain non-cash charges — — Distributable earnings $ 3,460,706 $ 1,762,345 Basic weighted average shares of common stock outstanding 11,208,015 6,889,032 Distributable earnings per basic weighted average share $ 0.31 $ 0.26 Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance. Words such as 'believes,' 'expects,' 'will,' 'intends,' 'plans,' 'guidance,' 'estimates,' 'projects,' 'anticipates,' and 'future' or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including statements about our future growth and strategies for such growth, and our estimates of future distributable earnings, are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, including the ability of our manager to locate suitable loan opportunities for us, monitor and actively manage our loan portfolio and implement our investment strategy; the demand for commercial real estate investment; management's current estimate of expected credit losses and current expected credit loss reserve and other factors could cause actual results and performance to differ materially from those projected in these forward-looking statements. More information on these risks and other potential factors that could affect our business and financial results is included in SUNS's filings with the SEC, including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of SUNS's Annual Report on Form 10-K filed on March 6, 2025, and subsequently filed Quarterly Reports on Form 10-Q. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect SUNS. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investor Relations Contact: Robyn Tannenbaum (561) 510-2293 [email protected] 1 Distributable Earnings is a non-GAAP financial measure. See the 'Non-GAAP Metrics' section of this release for a reconciliation of GAAP Net Income to Distributable Earnings.
Yahoo
15-04-2025
- Business
- Yahoo
Sunrise Realty Trust Schedules Earnings Release and Conference Call for the First Quarter Ending March 31, 2025
WEST PALM BEACH, Fla., April 15, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ('SUNS' or 'the Company') (NASDAQ: SUNS), a lender on the Tannenbaum Capital Group ('TCG') Real Estate platform, today announced that it will release its financial results for the first quarter ended March 31, 2025 on Wednesday, May 7th, 2025 before market open. Management will review SUNS' financial results at 10:00 am ET via webcast available on the Investor Relations website at or by registering in advance at this link. To participate in the live conference call, dial 888-672-2415 (or 646-307-1952 for international callers) and provide Conference ID 6235201. A replay will be available one hour after the event. SUNS distributes its earnings releases via its website and email lists. Those interested in receiving firm updates by email can sign up for them here. About Sunrise Realty Trust, Realty Trust, Inc. (NASDAQ: SUNS) is an institutional commercial real estate ('CRE') lender providing flexible financing solutions to sponsors of CRE projects in the Southern United States. It focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets in established and rapidly expanding Southern markets. For additional information regarding the Company, please visit About TCG Real EstateTCG Real Estate refers to a group of affiliated CRE-focused debt funds, including a Nasdaq-listed mortgage REIT, Sunrise Realty Trust, Inc. (NASDAQ: SUNS), and a private mortgage REIT, Southern Realty Trust, Inc. The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, with a focus on top-tier CRE assets located primarily within markets in the Southern U.S. benefitting from economic tailwinds with growth potential. Investor Relations Contact Robyn Tannenbaum561-510-2293 ir@ Media Contact Profile AdvisorsRich Myers & Rachel Goun347-774-1125srt@
Yahoo
19-03-2025
- Business
- Yahoo
Sunrise Realty Trust commits $46.5M as part of $62M senior loan
Sunrise Realty Trust (SUNS) closed on a $46.5M commitment to a $62M senior loan originated by the TCG Real Estate platform to refinance The Boheme, a Class-A Multifamily asset in Dallas, TX, with $44.3M of the SUNS commitment funded at closing. The remaining $15.5M of the total loan is held by an affiliate on the TCG Real Estate platform. The sponsor, Kairoi Residential is a vertically integrated investment, development, and property management company specializing in Class-A+ urban multifamily projects. Since 2003, Kairoi has transacted on $9.8B with projects comprising over 69,000 multifamily units across 20 metro areas in the U.S. Easily identify stocks' risks and opportunities. Discover stocks' market position with detailed competitor analyses. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on SUNS: Questions or Comments about the article? Write to editor@ Sunrise Realty Trust price target lowered to $14.50 from $15 at Raymond James Sunrise Realty Trust price target lowered to $12.25 from $12.75 at Keefe Bruyette Sunrise Realty Trust Reports Strong 2024 Earnings Sunrise Realty Trust's Positive Earnings Call Highlights Sunrise Realty Trust reports Q4 distributable EPS 30c, consensus 32c Sign in to access your portfolio
Yahoo
06-03-2025
- Business
- Yahoo
Sunrise Realty Trust, Inc. Announces Financial Results for Fourth Quarter and Year Ended 2024
Fourth quarter 2024 GAAP net income of $1.9 million or $0.27 per basic weighted average common share and Distributable Earnings(1) of $2.0 million or $0.30 per basic weighted average common share Year ended 2024 GAAP net income of $6.9 million or $1.01 per basic weighted average common share and Distributable Earnings(1) of $7.2 million or $1.07 per basic weighted average common share WEST PALM BEACH, Fla., March 06, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) ('SUNS' or the 'Company') today announced its results for the fourth quarter and year ended December 31, 2024. SUNS reported generally accepted accounting principles ('GAAP') net income of $1.9 million or $0.27 per basic weighted average common share and Distributable Earnings of $2.0 million or $0.30 per basic weighted average common share for the fourth quarter of 2024. The Company reported GAAP net income of $6.9 million or $1.01 per basic weighted average common share and Distributable Earnings of $7.2 million or $1.07 per basic weighted average common share for the year ended 2024. 'Our performance this quarter highlights the momentum the team has achieved since our listing as an independent, public company,' said Brian Sedrish, the Company's Chief Executive Officer. 'In the fourth quarter, SUNS successfully committed to $75.0 million in deals, and subsequent to quarter-end through March 1, we committed to another $74.8 million in deals. Our continued execution across a diverse opportunity set is positioning us to drive long-term value for our shareholders while expanding our presence in key Southern U.S. markets.'On March 4, 2025, the Company's Board of Directors declared a regular cash dividend of $0.30 per common share for the first quarter of 2025. The dividend is payable on April 15, 2025, to shareholders of record as of March 31, issued a presentation, titled 'Fourth Quarter and Full Year 2024 Investor Presentation,' which can be viewed at under the Investor Relations section. The Company also filed its Annual Report on Form 10-K for the year ended December 31, 2024, with the Securities and Exchange Commission on March 6, 2025. SUNS routinely posts important information for investors on its website, The Company intends to use this webpage as a means of disclosing material information, for complying with our disclosure obligations under Regulation FD and to post and update investor presentations and similar materials on a regular basis. SUNS encourages investors, analysts, the media and others interested in SUNS to monitor the Investors section of its website, in addition to following its press releases, SEC filings, public conference calls, presentations, webcasts and other information posted from time to time on the website. To sign-up for email-notifications, please visit the 'Email Alerts' section of the website under the 'IR Resources' will host a conference call at 10:00 am (Eastern Time) on Thursday, March 6, 2025, to provide an update on the business. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor Relations section of SUNS's website found here: SUNS – Investor Relations. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. The complete webcast will be archived for 90 days on the Investor Relations section of SUNS' Realty Trust, Inc. (Nasdaq: SUNS) is an institutional commercial real estate lender providing flexible financing solutions to sponsors of commercial real estate located in the Southern United States. We focus on transitional commercial real estate business plans with opportunities for near-term value creation, collateralized by top-tier real property assets in established Southern cities presenting strong growth fundamentals. For additional information regarding the Company, please visit addition to using certain financial metrics prepared in accordance with GAAP to evaluate our performance, we also use Distributable Earnings to evaluate our performance excluding the effects of certain transactions and GAAP adjustments we believe are not necessarily indicative of our current loan activity and operations. Distributable Earnings is a measure that is not prepared in accordance with GAAP. Distributable Earnings and the other capitalized terms not defined in this section have the meanings ascribed to such terms in our most recently filed quarterly report. We use this non-GAAP financial measure both to explain our results to shareholders and the investment community and in the internal evaluation and management of our businesses. Our management believes that this non-GAAP financial measure and the information they provide are useful to investors since these measures permit investors and shareholders to assess the overall performance of our business using the same tools that our management uses to evaluate our past performance and prospects for future performance. The determination of Distributable Earnings is substantially similar to the determination of Core Earnings under our Management Agreement, provided that Core Earnings is a component of the calculation of any Incentive Compensation earned under the Management Agreement for the applicable time period, and thus Core Earnings is calculated without giving effect to Incentive Compensation expense, while the calculation of Distributable Earnings account for any Incentive Compensation earned for such time period. We define Distributable Earnings as, for a specified period, the net income (loss) computed in accordance with GAAP, excluding (i) stock-based compensation expense, (ii) depreciation and amortization, (iii) any unrealized gains, losses or other non-cash items recorded in net income (loss) for the period, regardless of whether such items are included in other comprehensive income or loss, or in net income (loss); provided that Distributable Earnings does not exclude, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with PIK interest and zero coupon securities), accrued income that we have not yet received in cash, (iv) provision for (reversal of) current expected credit losses ('CECL'), (v) taxable REIT (as defined below) subsidiary ('TRS') (income) loss, net of any dividends received from TRS and (vi) one-time events pursuant to changes in GAAP and certain non-cash charges, in each case after discussions between our Manager and our independent directors and after approval by a majority of such independent directors. We believe providing Distributable Earnings on a supplemental basis to our net income as determined in accordance with GAAP is helpful to shareholders in assessing the overall performance of our business. As a real estate investment trust ('REIT'), we are required to distribute at least 90% of our annual REIT taxable income, subject to certain adjustments, and to pay tax at regular corporate rates to the extent that we annually distribute less than 100% of such taxable income. Given these requirements and our belief that dividends are generally one of the principal reasons that shareholders invest in our common stock, we generally intend to attempt to pay dividends to our shareholders in an amount at least equal to such REIT taxable income, if and to the extent authorized by our Board of Directors. Distributable Earnings is one of many factors considered by our Board of Directors in authorizing dividends and, while not a direct measure of net taxable income, over time, the measure can be considered a useful indicator of our dividends. Distributable Earnings is a non-GAAP financial measure and should not be considered as a substitute for GAAP net income. We caution readers that our methodology for calculating Distributable Earnings may differ from the methodologies employed by other REITs to calculate the same or similar supplemental performance measures, and as a result, our reported Distributable Earnings may not be comparable to similar measures presented by other REITs. SUNRISE REALTY TRUST, INC. CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended December 31, 2024 Year Ended December 31,2024 Revenue Interest income $ 3,617,906 $ 10,844,718 Interest expense (173,071 ) (216,268 ) Net interest income 3,444,835 10,628,450 Expenses Management and incentive fees 393,063 815,301 General and administrative expenses 697,204 1,291,021 Stock-based compensation 178,265 338,404 Professional fees 306,480 1,275,123 Total expenses 1,575,012 3,719,849 (Provision for) reversal of current expected credit losses (15,853 ) (40,180 ) Net income before income taxes 1,853,970 6,868,421 Income tax expense — — Net income $ 1,853,970 $ 6,868,421 Earnings per common share: Basic earnings per common share $ 0.27 $ 1.01 Diluted earnings per common share $ 0.27 $ 1.00 Weighted average number of common shares outstanding: Basic weighted average shares of common stock outstanding 6,801,152 6,800,841 Diluted weighted average shares of common stock outstanding 6,846,122 6,835,797 Dividends declared per share of common stock2 $ 0.42 $ 0.63 The following table provides a reconciliation of GAAP Net income to Distributable Earnings: Three Months Ended December 31, 2024 Year Ended December 31, 2024 Net income $ 1,853,970 $ 6,868,421 Adjustments to net income: Stock-based compensation expense 178,265 338,404 Depreciation and amortization — — Unrealized (gains) losses, or other non-cash items — — Provision for (reversal of) current expected credit losses 15,853 40,180 TRS (income) loss — — One-time events pursuant to changes in GAAP and certain non-cash charges — — Distributable earnings $ 2,048,088 $ 7,247,005 Basic weighted average shares of common stock outstanding 6,801,152 6,800,841 Distributable earnings per basic weighted average share $ 0.30 $ 1.07 This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance. Words such as 'believes,' 'expects,' 'will,' 'intends,' 'plans,' 'guidance,' 'estimates,' 'projects,' 'anticipates,' and 'future' or similar expressions are intended to identify forward-looking statements. These forward-looking statements, including statements about our future growth and strategies for such growth, are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, including the ability of our manager to locate suitable loan opportunities for us, monitor and actively manage our loan portfolio and implement our investment strategy; the demand for commercial real estate investment; management's current estimate of expected credit losses and current expected credit loss reserve and other factors could cause actual results and performance to differ materially from those projected in these forward-looking statements. More information on these risks and other potential factors that could affect our business and financial results is included in SUNS's filings with the SEC, including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of SUNS's Information Statement filed as Exhibit 99.1 to Form 8-K filed on July 3, 2024 and subsequently filed Annual Reports on Form 10-K. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect SUNS. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investor Relations Contact: Robyn Tannenbaum (561) 510-2293 ir@ Media Contact: Profile Advisors Rich Myers & Rachel Goun 347-774-1125 rmyers@ 1 Distributable Earnings is a non-GAAP financial measure. See the 'Non-GAAP Metrics' section of this release for a reconciliation of GAAP Net Income to Distributable Earnings.2 There is no assurance dividends will continue at these levels or at all.
