Logan Ridge Q1 2024 NII $0.35/share, NAV $33.71, dividend raised 3% to $0.33

Logan Ridge Finance Corp.

2024-Q1 EPS reported $0.65

NII $0.9M ($0.35/share) vs $0.6M ($0.22) prior quarter; up 63% sequentially.
NAV $33.71 per share from $33.34; portfolio fair value $200.1M across 62 companies.
Net deployment $8.9M; repurchased 20,867 shares for ~$0.5M, adding $0.08 NAV.
Q2 dividend $0.33/share (3% increase), payable May 31, record May 21.
Debt portfolio yield 11.4% (excl. non-accruals/CLOs); non-accruals at 5.3% of portfolio fair value.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Logan Ridge Finance Corp. reported first quarter ended March 31, 2024 results: revenue $5.0 million, net income $0.9 million, EPS $0.35 per share.

Period: first quarter ended March 31, 2024
Revenue: $5.0 million
Net income: $0.9 million
EPS: $0.35 per share
Result: reported results

Exact text from the filing

opportunities that we see throughout the market.” 1 Selected Financial Information • Total investment income for the quarter ended March 31, 2024, decreased by $0.3 million, to $5.0 million, compared to $5.3 million for the first quarter of 2023. • Total operating expenses for the quarter ended March 31, 2024, decreased by $0.1 million, to $4.1 million, compared to

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Source: SEC EDGAR

accession 0001193125-24-134242

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