LRFC - With Portfolio Transition Started Logan Ridge Will Declare A Modest Dividend In Q4 2021
- Portman has mostly completed the integration of its Acquired BDCs and I believe they will increase their Q4 dividend and issue a special 2021 dividend.
- BC Partners, the sponsor of both PTMN and Logan Ridge, has proven its ability to transform struggling BDCs into profitable BDCs.
- Logan Ridge is still in the process of transforming Capitalia's portfolio but they should declare a Q4 dividend of $0.18 - $0.36. The first dividend since Q2 2020.
- For the patient investor, Logan Ridge is an outstanding opportunity to take advantage of BCP's origination platform at a 40% discount to NAV.
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With Portfolio Transition Started, Logan Ridge Will Declare A Modest Dividend In Q4 2021