Financial Data and Key Metrics Changes - For Q3 2024, Logan Ridge generated $5.1 million of investment income, a decrease of $0.3 million from $5.4 million in the prior quarter, primarily due to a non-recurring dividend received in Q2 2024 [21] - Total operating expenses decreased by approximately $0.4 million to $4.2 million compared to $4.6 million in the prior quarter, largely due to non-recurring professional fees incurred previously [22] - Net investment income for Q3 was $1 million or $0.37 per share, an increase of $0.2 million from $0.8 million or $0.28 per share in the last quarter [22] - Net asset value as of September 30, 2024, was $86.3 million, a decrease of $2.4 million from $88.7 million in the prior quarter, with a per share value of $32.31, down from $33.13 [23] Business Line Data and Key Metrics Changes - The fair value of Logan's portfolio was approximately $176.5 million with exposure to 59 portfolio companies, down from 61 companies valued at $195.6 million in the prior quarter [13] - The debt investment portfolio represented 86.8% of the total portfolio at fair value, with a weighted average annualized yield of approximately 12.3%, compared to 80.0% and 12.7% in the prior quarter [16] - The equity portfolio represented 12.7% and 12.1% of the portfolio on a cost and fair value basis respectively, down from 15.2% and 19.0% in the prior quarter [19] Market Data and Key Metrics Changes - Activity levels in the core middle market remain elevated relative to 2023, primarily driven by refinancings and amended transactions that lower the cost of capital for borrowers [10] - The company noted that financing sources are becoming more accommodating and aggressive on terms, indicating a competitive environment for financing [29][30] Company Strategy and Development Direction - The company is focused on rotating out of its legacy equity portfolio as part of its turnaround strategy since management took over in July 2021 [7] - The proceeds from the sale of Nth Degree Investment Group will be redeployed into interest-earning assets, enhancing the long-term earnings power of the portfolio [6] - The company plans to leverage the attractive terms of its amended credit facility to continue delivering positive returns for shareholders [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in their prudent investment strategy and strong pipeline despite navigating economic uncertainty and a dynamic interest rate environment [12] - The company anticipates attractive opportunities in the pipeline and remains well-positioned for future growth [12] Other Important Information - The company amended and extended its revolving credit facility with KeyBank, reducing applicable margins and extending maturity dates, which enhances financial flexibility [9][24] - As of quarter-end, the company had $5 million in cash and cash equivalents, along with $35.9 million of unused borrowing capacity available for new investments [25] Q&A Session Summary Question: Were there any nonrecurring items this quarter? - Management confirmed there were no nonrecurring items [27] Question: What does the Nth Degree sale mean for integrating Logan Ridge with other vehicles? - Management indicated that the sale removes a significant barrier to integration and several necessary steps are falling into place [27] Question: Is the bank becoming more accommodating regarding the revised facility? - Management noted that financing sources are generally more accommodating and aggressive on terms, reflecting increased competition [28][29] Question: Can you comment on deployment in the fourth quarter? - Management stated that Logan has more flexibility to participate in lower-yielding opportunities due to reduced leverage from the Nth Degree paydown [34][35] Question: What caused the decrease in non-accruals? - A markdown of one non-accrual investment was noted, which has been on non-accrual status since management took over [36] Question: Why was the share repurchase program limited? - Management explained that the program was established without visibility on the Nth Degree situation, which limited its size [37][38] Question: Are there any thoughts on repayments for the remaining equity positions? - Management believes the current market is favorable for M&A transactions, which could lead to exits for the remaining equity positions [42]

Exhibit 99.1 FOR IMMEDIATE RELEASE Logan Ridge Finance Corporation Announces Third Quarter 2024 Financial Results Reports Solid Results with Net Investment Income of $0.37 Per Share, and Net Asset Value of $32.31 Per Share Recurring PIK Income as a Percentage of Total Investment Income Declines by Over 200 Basis Points Exits Largest Equity Investment, Nth Degree Investment Group, LLC ("Nth Degree") Declared a Distribution of $0.36 Per Share for the Fourth Quarter of 2024, Which Represents a 9% Increase Comp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 814-01022 Logan Ridge Finance Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 90-0945675 (State or Other Jurisdiction of Incorporation or Organizat ...

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (“LRFC,” “Logan Ridge” or the “Company”) to release its financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, after market close. The Company will host a conference call on Tuesday, November 12, 2024, at 11:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use th ...

NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (the "Company") today announced that as of September 10, 2024, it has exited its largest equity investment, Nth Degree Investment Group, LLC ("Nth Degree"), at or above its previously reported fair value as of June 30, 2024. Ted Goldthorpe, Chief Executive Officer and President of Logan Ridge, said, "The rotation out of the legacy equity portfolio has been a key component of the turnaround strategy for Logan Ridge si ...

Reduces Interest Rate Margin During the Reinvestment Period to 2.80% from 2.90% Extends Reinvestment Period and Maturity Date to August 2027 and August 2029, Respectively Revises Advance Rates and Concentration Limits NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (the "Company") today announced that it has amended and extended its existing senior secured revolving credit facility (as amended, the "Credit Facility") with KeyBank National Association. Under the ter ...

Logan Ridge Finance Corporation (NASDAQ:LRFC) Q2 2024 Earnings Call Transcript August 9, 2024 11:00 AM ET Company Participants Ted Goldthorpe - CEO, President and Director Patrick Schafer - CIO Brandon Satoren - CFO Conference Call Participants Christopher Nolan - Ladenburg Thalmann Steven Martin - Slater Capital Management Operator Thank you. Good morning, and welcome to Logan Ridge Finance Corporation's Second Quarter Ended June 30, 2024, Earnings Conference Call. An earnings press release was distributed ...

2024 Q2 Earnings Presentation LRFCTM August 9, 2024 Important Information Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements. The matters discussed in this presentation, as well as in future oral and written statements by management of Logan Ridge Finance Corporation ("LRFC", "Logan Ridge" or the "Company"), that are forward-looking statements are based on current management expectations that involve substantial risks and uncertainties which could ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Logan Ridge Finance Corporation Announces Second Quarter 2024 Financial Results Reports Solid Results with Total Investment Income of $5.4 Million and Net Investment Income of $0.28 Per Share; Net Asset Value of $33.13 Per Share Declared a Distribution of $0.33 Per Share for the Third Quarter of 2024 NEW YORK, August 8, 2024 – Logan Ridge Finance Corporation ("Logan Ridge", "Logan", "LRFC", "Company", "we", "us" or "our") (Nasdaq: LRFC) announced today its financial result ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 814-01022 Logan Ridge Finance Corporation (Exact Name of Registrant as Specified in its Charter) Maryland 90-0945675 (State or Other Jurisdiction of Incorporation or Organization) ...