180 Degree Capital Corp. and Mount Logan Capital Inc. Reveal Updated Business Combination Terms Following Positive Shareholder Discussions

Shareholder Benefits: 180 Degree Capital's shareholders will receive shares of New Mount Logan valued at 110% of the company's Net Asset Value (NAV) at closing, an increase from the previously proposed 100%.

Liquidity Programs: New Mount Logan and its affiliates will provide $25 million for shareholder liquidity, with $15 million available within 60 days post-merger and an additional $10 million over 24 months.

Support for Business Combination: Nearly 63% of 180 Degree Capital shareholders have voted in favor of the merger with Mount Logan, indicating strong support for creating a new U.S.-exchange-listed asset management platform.

Future Plans: Management anticipates that New Mount Logan will pay quarterly cash dividends, subject to board approval, continuing a trend established by Mount Logan over the past 24 quarters.