PTMN News and Press, Portman Ridge Finance Corporation From 06/17/25

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...

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...

2025-06-13 23:59:00 ET Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company [BDC] sector from both the bottom-up–highlighting individual news and events –as well as the top-down – provid...

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 ...

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 ...

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”) a...

2025-06-03 03:19:12 ET Summary I maintain my sell rating on PTMN due to weak earnings, ongoing NAV decline, and deteriorating dividend coverage, despite a large discount to NAV. PTMN's portfolio quality is slipping, with non-accruals rising to 2.6% and limited new investment activ...

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 end...

2025-05-15 07:15:00 ET Summary Logan Ridge Finance Corporation faces significant challenges, including declining net investment income and questionable credit quality, making it a risky investment for income-focused investors. Despite a potential merger with Portman Ridge Finance ...

2025-05-09 12:06:07 ET Portman Ridge Finance Corporation (PTMN) Q1 2025 Earnings Conference Call May 09, 2025, 10:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Brandon S...