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PTMN - Portman Ridge Finance NII beats by $0.04 beats on total investment income
Portman Ridge Finance Corporation
Portman Ridge Finance (PTMN): Q1 NII of $0.11 beats by $0.04.Total investment income of $18.3M (+136.1% Y/Y) beats by $5.76M.Net leverage was 1.1x as of March 31, 2021, down from 1.4x as of December 31, 2020, driven primarily by the repayment of $88.0 million of 2018-2 Secured Notes due 2029 during the quarter.The quarterly distribution for the first quarter was $0.06 per share and was paid on March 2, 2021.Press Release