Logan Ridge Finance Corporation Announces Shareholder Approval of Merger with Portman Ridge Finance Corporation
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Merger Approval: Logan Ridge Finance Corporation (LRFC) received shareholder approval for its merger with Portman Ridge Finance Corporation (PTMN), with approximately 89.4% of voting shareholders in favor. PTMN's special meeting will reconvene on June 27, 2025, to vote on the issuance of common stock related to the merger.
Strategic Benefits: LRFC and PTMN's CEO expressed gratitude for the support, highlighting that the merger aims to enhance scale, diversification, and access to capital, ultimately generating long-term value for shareholders.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
