PTMN

8-K - Portman Ridge Finance Corp (0001372807) (Filer)

8-K - Portman Ridge Finance Corp (0001372807) (Filer)

Declared quarterly distribution of C$0.02 per common share in the third quarter of 2025, the twenty-fourth consecutive quarter of a shareholder distribution Asset management segment generated $8.4 million in Fee Related Earnings ("FRE") for the trailing twelve months ended June 30, 2025, a 28% increase over the prior year period Generated $4.6 million of Spread Related Earnings ("SRE") for the trailing twelve months ended June 30, 2025, which reflects 0.7% of spread earnings on Ability's assets Mount Logan and 180 Degree Capital (NASDAQ:TURN) filed definitive proxy materials for the proposed Business Combination Mount Logan expects to hold a special meeting of its shareholders o

10-Q - Portman Ridge Finance Corp (0001372807) (Filer)

Completed Merger with Logan Ridge Finance Corporation Reports Net Investment Income of $4.6 Million, or $0.50 Per Share for the Second Quarter Announces Third Quarter 2025 Quarterly Base Distribution of $0.47 Per Share and Supplemental Distribution of $0.02 per share NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) (the "Company" or "Portman Ridge") announced today its financial results for the second quarter ended June 30, 2025. Transformational Milestone On July 15, 2025, Portman Ridge closed the previously announced merger of Logan Ridge Finance Corporation ("Logan Ridge") with and into Portman Ridge, with Portman Ridge remaining as the su

4 - Portman Ridge Finance Corp (0001372807) (Issuer)

4 - Portman Ridge Finance Corp (0001372807) (Issuer)

4 - Portman Ridge Finance Corp (0001372807) (Issuer)

8-K - Portman Ridge Finance Corp (0001372807) (Filer)

NEW YORK, July 16, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or the "Company") is to release its financial results for the second quarter ended June 30, 2025, on Thursday, August 7, 2025, after market close. The Company will host a conference call on Friday, August 8, 2025, at 10:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 1430967.                A replay of this conference call will be available shortly after the live call through August 15, 2025. By Webcast: A live audio webcast of the conference

NEW YORK, July 15, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN") today announced the closing of the previously announced merger of Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC") with and into PTMN, with PTMN remaining as the surviving company. Based on July 11, 2025 financial data, the combined company had total assets in excess of $600 million. Ted Goldthorpe, President and Chief Executive Officer of PTMN and Head of the BC Partners Credit Platform, stated, "We would like to thank the shareholders and independent directors of both companies for their strong support throughout the merger process. With the merg

8-K - Portman Ridge Finance Corp (0001372807) (Filer)

NEW YORK, June 27, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN") announced today that it obtained shareholder approval for the issuance of PTMN common stock in connection with the proposed merger of Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC") with and into PTMN (the "Share Issuance Proposal") following the adjourned special meeting of shareholders held on June 27, 2025. PTMN shareholders voted overwhelmingly in favor of the proposed transaction, with approximately 88% of voting shareholders supporting the proposal. Of note, on June 20, 2025, LRFC stockholders approved the merger with PTMN. Thus, subject to

8-K - Portman Ridge Finance Corp (0001372807) (Filer)

DEFA14A - Portman Ridge Finance Corp (0001372807) (Filer)

NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC") announced today that it obtained shareholder approval for the merger of LRFC with and into Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN") following the special meeting of shareholders held on June 20, 2025. LRFC shareholders voted overwhelmingly in favor of the proposed merger, with approximately 89.4% of voting shareholders supporting the proposal. Of note, PTMN's June 20, 2025, special meeting of shareholders was adjourned and will reconvene on June 27, 2025, to allow additional time for shareholders to consider and vote on the proposed issuanc

Stockholders of PTMN Who Have Voted Thus Far Have Expressed Strong Support for the Proposed Merger, with Favorability in Excess of 85% Logan Ridge Stockholders Approved Merger at its Special Meeting of Stockholders Held on June 20, 2025 NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN") announced today the adjournment of its Special Meeting of Stockholders (the "PTMN Special Meeting") to provide stockholders with additional time to cast their vote to approve the share issuance proposal in connection with the proposed merger of Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC") with and into PTMN

Company to be Renamed "BCP Investment Corporation" and Trade Under New Ticker "BCIC" Transition to Paying the Quarterly Base Distribution Monthly in 2026 Company, Management, Adviser and Other Affiliates Intend to Acquire up to 20% of Common Shares Over Next 24 Months to the Extent the Stock Trades Below 80% of NAV NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN"), today announced several updates and initiatives, aimed at enhancing shareholder value. These initiatives include a corporate name change, the transition to paying a monthly distribution, and an enhanced stock purchase program. These changes will go into ef

The Company's Investment Adviser Will Finance an Incremental $0.47 Per Share Payment to Logan Ridge Shareholders Immediately Prior to Closing. Payment Effectively Results in Logan Ridge Shareholders Receiving 100% of NAV as of March 31, 2025 Adjusted for Estimated Transaction Costs. NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC"), today announced that it has entered into an agreement with Mount Logan Management LLC, LRFC's investment adviser ("Mount Logan" or "Investment Adviser"), in connection with its previously announced merger with and into Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN"

DEFA14A - Portman Ridge Finance Corp (0001372807) (Filer)

Stockholders of LRFC Who Have Voted Thus Far Have Expressed Strong Support for the Proposed Merger Both Leading Independent Proxy Advisors, Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), Have Recommended LRFC Stockholders Vote "FOR" the Merger Proposal NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC") announced today that its Special Meeting of Stockholders (the "LRFC Special Meeting") will take place on June 20, 2025, rather than June 6, 2025, to provide stockholders with additional time to cast their vote to approve the proposed merger of LRFC with and into Portman Ridge Finance Cor

Stockholders of PTMN Who Have Voted Thus Far Have Expressed Strong Support for the Proposed Merger Both Leading Independent Proxy Advisors, Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), Have Recommended PTMN Stockholders Vote "FOR" the Share Issuance Proposal NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN") announced today that its Special Meeting of Stockholders (the "PTMN Special Meeting") will take place on June 20, 2025, rather than June 6, 2025, to provide stockholders with additional time to cast their vote to approve the share issuance proposal in connection with the prop

8-K - Portman Ridge Finance Corp (0001372807) (Filer)

NEW YORK, June 03, 2025 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (NASDAQ:PTMN) ("Portman Ridge" or "PTMN") and Logan Ridge Finance Corporation (NASDAQ:LRFC) ("Logan Ridge" or "LRFC") (together, the "Companies") announced today that leading independent proxy advisory firms, Institutional Shareholder Services ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), have both recommended that LRFC stockholders vote "FOR" the proposed merger of LRFC with and into PTMN at the upcoming LRFC special meeting scheduled for June 6, 2025. In addition, ISS and Glass Lewis have both recommended that PTMN stockholders vote "FOR" the proposals related to the proposed merger at the upcoming PTMN speci

Declared quarterly distribution of C$0.02 per common share in the second quarter of 2025, the twenty-third consecutive quarter of a shareholder distribution Asset management segment generated $8.1 million in Fee Related Earnings ("FRE") for the trailing twelve months ended March 31, 2025, a 25% increase over the prior year period Generated $7.8 million of Spread Related Earnings ("SRE") for the trailing twelve months ended March 31, 2025, which reflects 1.3% of spread earnings on Ability's assets During January 2025, the Company announced it entered into a definitive agreement to combine with 180 Degree Capital Corp. (NASDAQ:TURN) in an all-stock transaction. The surviving entity is expe