PTMN News & Events

Reports Q2 NAV per share $17.89. Ted Goldthorpe, Chief Executive Officer of Portman Ridge, stated, "We continued to advance our strategic priorities in the second quarter, generating net investment income of $4.6 million, or $0.50 per share, compared to $4.3 million, or $0.47 per share, in the prior quarter. Our focus remains on maintaining a high-quality portfolio and delivering long-term value to our shareholders."

Portman Ridge Finance (PTMN) announced that it obtained shareholder approval for the issuance of common stock in connection with the proposed merger of Logan Ridge Finance (LRFC) with and into PTMN following the adjourned special meeting of shareholders held on June 27. Portman Ridge shareholders voted in favor of the proposed transaction, with approximately 88% of voting shareholders supporting the proposal. Of note, on June 20, Logan Ridge Finance stockholders approved the merger. Thus, subject to the satisfaction of customary closing conditions, the merger is expected to close on or about July 15.

Portman Ridge Finance Corporation (PTMN) announced that it obtained shareholder approval for the issuance of PTMN common stock in connection with the proposed merger of Logan Ridge Finance Corporation (LRFC) with and into PTMN following the adjourned special meeting of shareholders held on June 27, 2025. PTMN shareholders voted overwhelmingly in favor of the proposed transaction, with approximately 88% of voting shareholders supporting the proposal. Of note, on June 20, 2025, LRFC stockholders approved the merger with PTMN. Thus, subject to the satisfaction of customary closing conditions, the merger is expected to close on or about July 15, 2025.