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NEW YORK, March 11, 2021 (GLOBE NEWSWIRE) Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the fourth quarter and full year ended December 31, 2020. Recent Developments As previously announced, the Company successfully closed on the merger of Garrison Capital Inc. (“GARS” or “Garrison”) on October 28, 2020. On December 23, 2020, the Company entered into an Agreement and Plan of Merger (the “HCAP Merger Agreement”) with Harvest Capital Credit Corporation, a publicly traded business development company (“HCAP”).On February 12, 2021, the Board of Directors of the Company approved a cash distribution of $0.06 per share of common stock to shareholders of record as of February 22, 2021. The distribution was paid on March 2, 2021.On February 22, 2021, the Company repaid $88.0 million of 2018-2 Secured Notes due 2029.On March 8, 2021 ....
Harvest Capital Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Harvest Capital Credit Corporation Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – HCAP – IT Business Net itbusinessnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itbusinessnet.com Daily Mail and Mail on Sunday newspapers.
Share: THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES All figures in United States dollars unless otherwise noted. TORONTO, Dec. 17, 2020 (GLOBE NEWSWIRE) Mount Logan Capital Inc. (NEO: MLC) ( Mount Logan or the Company ) is pleased to announce that a wholly-owned subsidiary of the Company has completed the acquisition of a 21.4% equity stake in Sierra Crest Investment Management LLC ( Sierra Crest ) from an arms-length third party for a purchase price of $7.0 million, funded by a combination of newly incurred debt and a deferred cash consideration. Sierra Crest is a registered investment adviser under the U.S. ....