Welcome to our dedicated page for Logan Ridge Finance news (Ticker: LRFC), a resource for investors and traders seeking the latest updates and insights on Logan Ridge Finance stock.
Logan Ridge Finance Corporation (LRFC) was a Nasdaq-listed business development company that invested primarily in first lien loans, with additional exposure to second lien loans and equity securities issued by lower middle-market companies. As a BDC, Logan Ridge regularly released detailed updates on its investment income, net investment income, net asset value and portfolio composition, making its news flow relevant to investors following middle-market credit strategies.
The news archive for LRFC includes quarterly and annual financial results, highlighting trends in total investment income, operating expenses, non-accrual positions, and the mix of debt and equity investments. Company press releases also discussed portfolio actions such as exits from non-yielding equity positions and the rotation of the portfolio toward interest-earning assets, as well as amendments to its revolving credit facility.
A major theme in Logan Ridge’s later news coverage is its combination with Portman Ridge Finance Corporation (PTMN). Joint announcements and subsequent updates describe the merger agreement under which LRFC would merge with and into PTMN, the approvals required from stockholders, and the rationale for combining two BDCs managed by affiliates of BC Partners Advisors L.P. News items cover the formation of special committees, the negotiation of the merger terms, recommendations from proxy advisory firms, and the results of Logan Ridge’s Special Meeting of Stockholders on June 20, 2025, where the merger proposal was approved.
Following the closing of the merger and the subsequent deregistration of LRFC’s common stock, this news page serves as a historical record of Logan Ridge’s public communications. Readers can review how the company reported on its portfolio, financing arrangements and the steps leading to its merger into Portman Ridge Finance Corporation.
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Logan Ridge Finance Corporation (Nasdaq: LRFC) will report its Q1 2023 financial results on May 10, 2023, after market close. A conference call is scheduled for May 11, 2023, at 10:00 a.m. ET to discuss these results. Investors can join by calling (646) 307-1963 with the conference ID 5295745 or via a live audio webcast available at here. The online archive of the call will be available shortly after the event. As a publicly traded company, Logan Ridge focuses on investing in first and second lien loans and equity securities for lower middle market companies.
Logan Ridge Finance Corporation (Nasdaq: LRFC) announced the initiation of a Rule 10b5-1 stock trading plan to facilitate its $5.0 million share repurchase program, effective March 22, 2023. This plan, which allows for open market repurchases, aims to enhance shareholder value by potentially lowering the share count and increasing earnings per share. The program is authorized until March 31, 2024, reflecting the company’s commitment to returning capital to its shareholders. An independent broker-dealer will manage the purchases under this plan, ensuring compliance with applicable securities regulations.
Logan Ridge Finance Corporation (LRFC) reported a strong fourth quarter with net investment income (NII) of $0.23 per share, marking its second consecutive quarter of positive NII and more than tripling the figure from the prior quarter. The net asset value decreased to $35.04 per share as of December 31, 2022, from $36.21. The Company made $23.9 million in investments during the quarter, achieving a net deployment of $13.7 million. LRFC's Board approved a quarterly distribution of $0.18 per share for Q1 2023 and authorized a $5 million share repurchase program. Total investment income for 2022 was $14.9 million, a decline of $1.8 million year-over-year.