Mount Logan Capital Completes $15M Stock Buyback

Mount Logan Capital announced the final results of its offer to purchase for cash up to $15M of its shares of common stock, $0.001 par value, at a fixed price of $9.43 per share. The Tender Offer expired at 5:00 p.m., New York City time, on February 2. The Tender Offer was oversubscribed. In accordance with the terms and conditions of the Tender Offer and based on the final count by Odyssey Transfer and Trust Company, the Depositary for the Offer, the Company accepted for payment an aggregate 1,590,601 shares of the Company's common stock, adjusted to avoid the purchase of fractional shares and in accordance with the conditional tender procedures, properly tendered and not properly withdrawn before the Expiration Time, at a purchase price of $9.43 per share, for an aggregate cost of approximately $15M, excluding fees and expenses relating to the Tender Offer. The Company accepted the shares on a pro rata basis. The shares purchased represent approximately 12% of the Company's common stock issued and outstanding as of February 2. Payment for the shares accepted for purchase pursuant to the Tender Offer, and the return of all other shares tendered and not purchased, will occur promptly.