Logan Ridge Finance Corporation approved merger with Portman Ridge Finance Corporation, benefiting shareholders.

From GlobeNewswire: 2025-06-20 18:02:00

Logan Ridge Finance Corporation (NASDAQ: LRFC) has obtained shareholder approval for its merger with Portman Ridge Finance Corporation (NASDAQ: PTMN) after a special meeting on June 20, 2025. Approximately 89.4% of LRFC shareholders voted in favor of the merger. PTMN’s shareholder meeting has been adjourned until June 27, 2025, for further consideration. The merger is expected to close soon after PTMN shareholder approval. The merger is seen as a strategic move that will provide greater scale, enhanced diversification, and improved access to capital for the combined company, benefiting shareholders in the long run.



Read more at GlobeNewswire: Logan Ridge Finance Corporation Announces Shareholder