---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-055828"
form_type: "8-K"
ticker: "BCIC"
cik: "0001372807"
company_name: "BCP Investment Corp"
filed_at: "2025-03-18T23:59:59+00:00"
generated_at: "2026-05-24T13:24:26.842550+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Portman Ridge Q4 NII $0.60; NAV $19.41; Merges with Logan Ridge (1.5:1)

## Summary
- Q4 NII $5.5M ($0.60/sh) vs $11.2M ($1.19) YoY; full-year NII $24.0M ($2.59) vs $34.8M ($3.66).
- NAV $178.5M ($19.41/sh) at Dec 31, down from $188.0M ($20.36) Sep 30 and $213.5M ($22.76) Dec 31, 2023.
- Merger with Logan Ridge (LRFC) at 1.5 PTMN shares per LRFC share; adviser waives up to $1.5M incentive fees for 8 quarters.
- New dividend: $0.47 base + $0.07 supplemental quarterly, payable Mar 31; base sustainable across cycles.
- Board authorized $10M stock repurchase program through Mar 2026; 202,357 shares repurchased in 2024 for ~$3.8M.

## SEC filing metadata
- accession: 0001193125-25-055828
- form_type: 8-K
- ticker: BCIC
- cik: 0001372807
- company_name: BCP Investment Corp
- filed_at: 2025-03-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1372807/000119312525055828/0001193125-25-055828-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1372807/000119312525055828/d887304d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-055828
- JSON: https://secwatch.observer/filing/0001193125-25-055828.json
- Plain text: https://secwatch.observer/filing/0001193125-25-055828.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.