PORTMAN RIDGE FINANCE overview

Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) today announced that it has entered into a new Rule 10b5-1 stock trading plan to facilitate the repurchase of its common stock in accordance with its $10 million share repurchase program. Repurchases may be made in the open market at prevailing market prices from time to time as market conditions warrant. All repurchases will be implemented in accordance with the applicable requirements of Rules 10b5-1 and 10b-18 under the U.S....

Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its third quarter 2020 financial results. Financial Highlights Net investment income for the third quarter ended September 30, 2020 was approximately $2.7 million, or $0.06 per share, compared with net investment income of approximately $2.6 million, or $0.06 per share in the second quarter of 2020, and net investment income of approximately $2.2 million, or $0.06 per share in the third...

Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) will release its financial results for the quarter ended September 30, 2020 on Monday, November 9th, 2020 after the markets close. The Company will host a conference call on Tuesday, November 10th, 2020 at 9:00 a.m. Eastern Time to discuss these results. The Company will also discuss the previously announced completion of the merger of the Company and Garrison Capital Inc. (formerly Nasdaq: GARS) during this call. By Phone: To...

Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “PTMN”) and Garrison Capital Inc. (formerly Nasdaq: GARS) (“GARS”) announced today the closing (the “Closing”) of the previously announced transaction under which GARS will be merged into PTMN. As a result of the Closing, October 28, 2020 has been set as the record date (the “Record Date”) for the GARS stockholders’ right to receive the $5.0 million cash payment from an affiliate of BC Partners Advisors L.P....

Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “PTMN”) and Garrison Capital Inc. (Nasdaq: GARS) (“GARS”) announced today that each company has obtained stockholder approval for the previously announced proposed merger of the two companies (the “Merger”) at their respective special meetings held on October 19, 2020. Stockholders voted overwhelmingly in favor of the proposed transaction as over 95% of PTMN stockholders and almost 99% of GARS stockholders who...

Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”), a business development company, today announced that its Board of Directors approved a cash distribution of $0.06 per share of common stock for the fiscal quarter ended September 30, 2020, payable on November 27, 2020, to all shareholders of record at the close of business on October 26, 2020. This otherwise regularly scheduled distribution is being declared early for the third quarter of fiscal 2020 in...

Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”), a business development company, today announced that it has entered into a Rule 10b5-1 stock trading plan to facilitate the repurchase of shares of its common stock in accordance with its $10 million share repurchase program previously announced on March 9, 2020. An independent U.S. broker-dealer is acting as the Company’s agent to purchase its shares on pre-arranged terms pursuant to the Rule 10b5-1 plan during a period...