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, 2023 | | | ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | | Exact name of registrant as specified in its charter, | | | Commission address of principal executive office, telephone number, and I.R.S. Employer | | | File Number ...

NASDAQ:LRFC | 19 Corporate Information Board of Directors Ted Goldthorpe Chairman of the Board Robert Warshauer Independent Director Alex Duka Independent Director George Grunebaum Independent Director Jennifer Kwon Chou Independent Director Senior Management Ted Goldthorpe Chief Executive Officer Jason Roos Chief Financial Officer Patrick Schafer Chief Investment Officer David Held Chief Compliance Officer Brandon Satoren Chief Accounting Officer 650 Madison Avenue, 23rd Floor New York, NY 10022 USA ▪ COMP ...

Logan Ridge Finance Corporation. (NASDAQ:LRFC) Q2 2023 Earnings Conference Call August 10, 2023 10:00 AM ET Company Participants Ted Goldthorpe - President and Chief Executive Officer Patrick Schafer - Chief Investment Officer Jason Roos - Chief Financial Officer Conference Call Participants Christopher Nolan - Ladenburg Thalmann Steven Martin - Slater Operator Thank you. Good morning, and welcome to Logan Ridge Finance Corporation's Second Quarter Ended June 30, 2023 Earnings Conference Call. An earnings p ...

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, 2023 | | | | | ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | | | | Exact name of registrant as specified in its charter, | | | | | Commission address of principal executive office, telephone number, and | | | I.R. ...

Financial Data and Key Metrics Changes - Net investment income increased by 69% in Q1 2023, rising from $0.6 million ($0.23 per share) to $1.1 million ($0.40 per share) [3] - Total investment income rose by $700,000 to $5.3 million compared to the previous quarter and increased by $2 million compared to Q1 2022 [62] - Net asset value as of March 31, 2023, was $93.8 million ($34.63 per share), down from $95 million ($35.04 per share) at the end of Q4 2022 [42] Business Line Data and Key Metrics Changes - The debt investment portfolio represented 83.1% of the total portfolio at fair value, with a weighted average annualized yield of approximately 10.7% [6] - Non-yielding equity portfolio represented 16.4% (cost) and 14.6% (fair value) of the portfolio, compared to 16.3% and 14.2% in the previous quarter [39] - First lien debt represented 65.4% (cost) and 67.7% (fair value) of the total portfolio, compared to 64.9% and 67.3% in the prior quarter [60] Market Data and Key Metrics Changes - The company had $9.3 million in cash and cash equivalents and $16.6 million of unused borrowing capacity available for investments [10] - The company made approximately $7.4 million in new investments and had $6.7 million in repayments and sales, resulting in a net deployment of approximately $0.7 million for the quarter [38] Company Strategy and Development Direction - The company is focused on maximizing the earnings power of its balance sheet and capital structure to increase total returns to shareholders [58] - The management is cautiously optimistic for 2023, despite navigating a challenging market environment [35] - The company plans to continue repurchasing shares under a $5 million share repurchase program, which began on March 23, 2023 [36] Management's Comments on Operating Environment and Future Outlook - Management noted that the current credit environment presents opportunities for the company to capitalize on [58] - The company is actively engaged with constituents to work on a pathway forward for investments in non-accrual status [7] - Management expressed confidence in the portfolio's fair value marks and potential long-term upside in certain positions [20] Other Important Information - Total operating expenses for Q1 2023 increased to $4.2 million from $3.9 million in Q4 2022, primarily due to higher interest and financing expenses [9] - The company reported a significant turnaround compared to Q1 2022, where it had a net investment loss of $1.1 million [63] Q&A Session Summary Question: Will there be further dividend increases in the coming quarters? - Management indicated that the intention is to increase the dividend over time as earnings continue to grow and there is more certainty around the forward trajectory of earnings [66][67] Question: What is the plan regarding the credit facility versus raising new capital? - Management confirmed the intent to use the credit facility for increasing leverage or deploying capital rather than issuing new bonds [46] Question: How does the company view the current portfolio's performance and potential exits from legacy positions? - Management acknowledged that while the environment remains slower, there are unique opportunities to create catalysts for exiting legacy equity investments [45][73]

Financial Performance - Net Investment Income (NII) was $1.1 million, or $0.40 per share, including $0.06 of non-recurring NII, marking the third consecutive quarter of positive NII and a 69% increase over the prior quarter[15] - Total investment income for Q1 2023 increased by $2.0 million to $5.3 million, compared to Q1 2022[17] - Net asset value (NAV) as of March 31, 2023, was $93.8 million, or $34.63 per share, compared to $95.0 million, or $35.04 per share, as of December 31, 2022[52] Portfolio Composition and Credit Quality - As of March 31, 2023, the portfolio consisted of investments in 59 portfolio companies with a fair value of approximately $203.3 million[25] - Debt investment portfolio represented 83.1% of the fair value of the total portfolio, with a weighted average annualized yield of approximately 10.7%[18] - First lien debt comprised 67.7% of the total investment portfolio in Q1 2023[35] - Non-accrual investments at fair value were $10.0 million, representing 4.9% of the total fair value of the investment portfolio as of March 31, 2023[37, 66] Capital Structure and Distribution - The company declared a distribution of $0.22 per share payable on May 31, 2023, representing a 22% increase compared to the $0.18 per share dividend declared in Q1 2023[53, 77] - The company repurchased 1,625 shares at an aggregate cost of approximately $34,000 under its $5 million share repurchase program in Q1 2023[16, 79] - As of March 31, 2023, 83.4% of the investment portfolio was in variable rate investments[39]

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 March 31, 2023 | | | ¨ | Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | | Exact name of registrant as specified in its charter, | | | Commission I.R.S. Employer | address of principal executive office, telephone number, and | | File Number Ide ...

Logan Ridge Finance Corporation (NASDAQ:LRFC) Q4 2022 Earnings Conference Call March 10, 2023 10:00 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President & Director Patrick Schafer - Chief Investment Officer Jason Roos - Chief Financial Officer Conference Call Participants Christopher Nolan - Ladenburg Thalmann Steven Martin - Slater Capital Operator Thank you. Good morning and welcome to Logan Ridge Finance Corporation's Full Year and Fourth Quarter Ended December 31, 2022 Earnings ...

2022 Q4 Earnings Presentation LRFCTM March 10, 2023 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Fiscal Year Ended December 31, 2022 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | Commission Exact name of registrant as specified in its charter, address of principal executive I.R.S. Employer | | --- | | File Number office, telephone number and state or other jurisdiction of incorporat ...