Logan Ridge adviser funds $0.47/share pre-closing payment for merger with Portman Ridge

Logan Ridge Finance Corp.

Adviser Mount Logan will finance $0.47 per share cash payment to LRFC shareholders of record as of May 6, 2025, contingent on merger closing.
Combined with $0.38/share tax distribution and 1.5x PTMN shares, equals 100% of NAV as of March 31, 2025 adjusted for estimated transaction costs.
Merger terms otherwise unchanged; special shareholder meeting scheduled June 20, 2025 at 10:30 am ET.
CEO Ted Goldthorpe says payment aligns with shareholder feedback and enhances value.

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