From GlobeNewswire: 2025-05-15 19:26:00

Mount Logan Capital Inc. declared a quarterly distribution of C$0.02 per common share in the second quarter of 2025, marking the twenty-third consecutive quarter of shareholder distribution. The asset management segment generated $8.1 million in Fee Related Earnings for the trailing twelve months ended March 31, 2025, a 25% increase over the prior year period. The company also announced its entry into a definitive agreement to combine with 180 Degree Capital Corp. in an all-stock transaction. Mount Logan’s total assets managed increased to $645.7 million as of March 31, 2025, with the insurance segment totaling $1.02 billion in total investment assets. SRE for the insurance segment was $7.8 million for the trailing twelve months ended March 31, 2025, reflecting a decrease from the prior year. Subsequent events include the declaration of a shareholder distribution in the amount of C$0.02 per common share for the quarter ended March 31, 2025, payable on June 2, 2025. The company also filed a preliminary joint proxy statement/prospectus with the SEC for the merger with 180 Degree Capital. The merger remains subject to certain shareholder approvals and other closing conditions. Management highlighted the continued earnings power of the asset management and insurance platforms, with a focus on generating strong Fee Related Earnings and Spread Related Earnings. Total Capital of the Company was $144.9 million as of March 31, 2025, with consolidated net income before taxes at $(13.7) million for the first quarter of 2025. The Company will hold a conference call on May 16, 2025, to discuss the financial results.



Read more at GlobeNewswire: Mount Logan Capital Inc. Announces First Quarter 2025