BCP Investment Corporation filings document the public-company record of the former Portman Ridge Finance Corporation, including its business development company structure, middle-market investment portfolio and common stock transition from PTMN to BCIC on the Nasdaq Global Select Market.
The filing record includes Form 8-K reports for quarterly results, supplemental investor presentations, material definitive agreements and debt obligations, including a revolving credit facility involving Great Lakes Portman Ridge Funding LLC. Proxy materials document annual meeting matters such as director elections and auditor ratification, while amendment filings record the corporate name change from Portman Ridge Finance Corporation to BCP Investment Corporation.
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.
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.