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Portman Ridge Fin Corp SEC Filings

PTMN NASDAQ

Welcome to our dedicated page for Portman Ridge Fin SEC filings (Ticker: PTMN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

Finding leverage ratios, non-accrual loan data, or merger details in Portman Ridge Finance Corporation’s dense SEC filings can feel like sifting through footnotes all day. As a credit-focused BDC investing in secured term loans and mezzanine debt, the company packs each report with granular portfolio analytics that traditional screens rarely surface.

Stock Titan’s AI steps in when the numbers get heavy. Our engine delivers real-time alerts the moment a Portman Ridge Finance insider trading Form 4 transactions report hits EDGAR. Prefer broader context? The platform auto-summarizes every Portman Ridge Finance quarterly earnings report 10-Q filing, flags covenant breaches in 8-K material events, and translates the 300-page Portman Ridge Finance annual report 10-K simplified into a five-minute read. You’ll also see Portman Ridge Finance proxy statement executive compensation tables explained in plain language, plus side-by-side comparisons of executive stock transactions Form 4.

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Rhea-AI Summary

Portman Ridge Finance Corporation (PTMN) held its Annual Meeting on June 24, 2025, where stockholders voted on two key proposals:

Proposal 1: Election of three directors to serve until 2028:

  • George Grunebaum: Received 1,794,787 votes in favor
  • Dean C. Kehler: Received 2,294,364 votes in favor
  • Matthew Westwood: Received 2,279,564 votes in favor

Proposal 2: Stockholders ratified the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for fiscal year 2025, with 5,475,857 votes in favor (97.1% approval rate).

As of the April 25, 2025 record date, 9,202,870 shares of common stock were outstanding and entitled to vote. The filing was signed by CFO Brandon Satoren.

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Rhea-AI Summary

Portman Ridge Finance Corporation (PTMN) has filed DEFA14A additional proxy materials announcing the adjournment of its 20 June 2025 Special Meeting to 27 June 2025. The extension is intended to give shareholders more time to vote on the Share Issuance Proposal tied to the all-stock merger of Logan Ridge Finance Corporation (LRFC) into PTMN.

Key voting data already received is highly favorable: more than 85 % of the shares voted support the proposal. However, PTMN’s bylaws require a quorum of a simple majority of shares outstanding; with over 48 % of total shares already voted or abstained, fewer than 2 % of the remaining shares must vote (or abstain) to meet the quorum threshold.

On 20 June 2025, Logan Ridge shareholders approved the merger, removing a major counterparty hurdle. Completion now depends on PTMN shareholders reaching quorum and voting “FOR,” plus customary closing conditions. The record date remains 6 May 2025, and previously submitted proxies will be counted at the reconvened meeting unless revoked.

The PTMN Board unanimously recommends approval. Shareholders can vote via the virtual meeting portal or by phone, and are urged to act promptly to avoid further delays.

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FAQ

What is the current stock price of Portman Ridge Fin (PTMN)?

The current stock price of Portman Ridge Fin (PTMN) is $12.47 as of June 28, 2025.

What is the market cap of Portman Ridge Fin (PTMN)?

The market cap of Portman Ridge Fin (PTMN) is approximately 116.5M.

What is the core business of Portman Ridge Finance Corporation?

Portman Ridge Finance Corp is a non-diversified closed-end investment company that primarily originates and manages secured term loans, bonds, and mezzanine debt investments in middle market companies.

How does the company generate income?

The company focuses on generating current income from a diversified portfolio of debt securities, while also achieving some capital appreciation through strategic structured investments and selective equity exposures.

What types of investments does PTMN target?

PTMN primarily invests in privately-held middle market companies by providing senior secured term loans, mezzanine debt, and select equity investments, with occasional investments in loans to publicly traded companies and high-yield bonds.

How does Portman Ridge manage investment risks?

The company employs a rigorous risk management framework that includes detailed credit analysis, stress testing, and continuous monitoring to ensure that investments are well-collateralized and aligned with market conditions.

What distinguishes PTMN from other investment companies?

Its focused strategy in the middle market, combined with due diligence in secured lending and mezzanine financing, as well as its transparent governance and active portfolio management, differentiates PTMN in the competitive fixed income landscape.

What recent strategic developments have occurred at PTMN?

Portman Ridge Finance Corp has engaged in a proposed merger with Logan Ridge Finance Corporation, an initiative aimed at increasing scale and operational efficiencies within its investment portfolio.

Is PTMN a diversified investment company?

No, PTMN is non-diversified and concentrates its investments primarily in the middle market, focusing on secured debt and select equity positions that offer current income with modest capital appreciation.

How does the merger affect PTMN's operations?

The merger with LRFC is designed to consolidate scale, enhance liquidity, and lower operating expenses, thereby potentially improving the overall efficiency of the combined investment platform.
Portman Ridge Fin Corp

NASDAQ:PTMN

PTMN Rankings

PTMN Stock Data

116.51M
9.00M
2.34%
17.55%
1.28%
Asset Management
Financial Services
Link
United States
NEW YORK