Core Viewpoint - 180 Degree Capital Corp. has successfully approved its all-stock merger with Mount Logan Capital Inc. during a special meeting of shareholders, indicating a significant step towards the completion of the business combination [1][2]. Voting Results - A total of 10,000,141 shares were entitled to vote, with 6,989,936 votes in favor of the Business Combination Proposal, representing 87.0% of the votes cast [2]. - The Deregistration Proposal received 7,006,449 votes in favor, accounting for 87.2% of the votes cast [2]. - The New Mount Logan Equity Incentive Plan Proposal was approved with 6,647,438 votes for, which is 82.8% of the votes cast [2]. Company Overview - 180 Degree Capital Corp. is a publicly traded registered closed-end fund that focuses on investing in undervalued small publicly traded companies, aiming for significant turnarounds through constructive activism [3].

180 Degree Capital's shareholders to receive shares of New Mount Logan based on 110% of Net Asset Value ("NAV") of 180 Degree Capital at closing, an increase from 100% of NAV New Mount Logan, together with its management, affiliates and related parties, commits to provide an aggregate of US$25 million for shareholder liquidity at or above the Closing Merger Value with US$15 million expected to be launched no later than 60 days from closing and the remaining US$10 million staged over 24 months (the "Liquidit ...

180 Degree Capital's shareholders to receive shares of New Mount Logan based on 110% of Net Asset Value ("NAV") of 180 Degree Capital at closing, an increase from 100% of NAV New Mount Logan, together with its management, affiliates and related parties, commits to provide an aggregate of US$25 million for shareholder liquidity at or above the Closing Merger Value with US$15 million expected to be launched no later than 60 days from closing and the remaining US$10 million staged over 24 months (the "Liquidit ...

CHICAGO, Aug. 15, 2025 /PRNewswire/ -- Marlton Partners L.P. (together with its affiliates and group members, "Marlton" or "we"), beneficial owners of approximately 5.8% of the outstanding stock of 180 Degree Capital Corp. (NASDAQ: TURN) ("TURN" or the "Company"), today announced that it has filed a preliminary proxy statement with the U.S. Securities Exchange and Commission to be used to solicit votes for the election of its four highly-qualified and independent director candidates – James C. Elbaor, Gabri ...

Core Viewpoint - The proposed business combination between 180 Degree Capital and Mount Logan Capital is receiving strong support from shareholders, with over 57% of outstanding shares of 180 Degree Capital voting in favor as of August 14, 2025 [1][2][3] Group 1: Shareholder Support - As of August 14, 2025, more than 90% of the approximately 63% of outstanding shares of 180 Degree Capital voted in favor of the business combination [1] - In excess of 50% of the outstanding shares of 180 Degree Capital have been voted in favor of all other proposals scheduled for the special shareholder meeting on August 22, 2025 [1] - Mount Logan has received proxies representing votes exceeding the required thresholds to approve the resolutions necessary for the business combination [1] Group 2: Management Statements - Kevin Rendino, CEO of 180 Degree Capital, expressed encouragement regarding the strong shareholder support and emphasized the importance of collaborative work with Mount Logan for value realization [3] - Ted Goldthorpe, CEO of Mount Logan, highlighted the confidence in the business logic of the combination and the focus on long-term value creation [3] Group 3: Upcoming Meetings - Special meetings for shareholders of both 180 Degree Capital and Mount Logan to approve the proposed business combination are scheduled for August 22, 2025 [3] - Shareholders are encouraged to access the joint proxy statement and prospectus for detailed voting instructions [3]

Core Viewpoint - The proposed business combination between 180 Degree Capital and Mount Logan Capital is receiving strong support from shareholders, with over 57% of 180 Degree Capital's outstanding shares voted in favor as of August 14, 2025 [1][2][3] Company Updates - 180 Degree Capital is actively engaging in dialogue with its shareholders regarding the proposed business combination, indicating confidence in achieving the required vote thresholds [2][3] - The special meetings for shareholders of both companies to approve the business combination are scheduled for August 22, 2025 [3] Management Statements - Kevin Rendino, CEO of 180 Degree Capital, expressed encouragement regarding shareholder support and emphasized the importance of proper structure and governance for the combined company [3] - Ted Goldthorpe, CEO of Mount Logan, highlighted the confidence in the business logic of the combination and the focus on long-term value creation [3] Company Profiles - 180 Degree Capital Corp. is a publicly traded closed-end fund that invests in undervalued small publicly traded companies, aiming for significant turnarounds [5] - Mount Logan Capital Inc. specializes in alternative asset management and insurance solutions, focusing on public and private debt securities in North America [7]

Core Insights - Mount Logan Capital Inc. declared a quarterly distribution of C$0.02 per common share for Q3 2025, marking the twenty-fourth consecutive quarter of shareholder distributions [1] - The asset management segment generated $8.4 million in Fee Related Earnings (FRE) for the trailing twelve months ended June 30, 2025, reflecting a 28% increase year-over-year [1][4] - The company reported a Spread Related Earnings (SRE) of $4.6 million for the trailing twelve months ended June 30, 2025, down from $11.6 million in the previous year, primarily due to increased cost of funds [1][30] - A special meeting of shareholders is scheduled for August 22, 2025, to consider resolutions related to the proposed business combination with 180 Degree Capital [1][8] Financial Performance - Total revenue for the asset management segment was $4.5 million for Q2 2025, a 34% increase compared to Q2 2024 [4] - The insurance segment reported total net investment income of $20.6 million for Q2 2025, a decrease of 12% from the same quarter in 2024 [4] - The yield on the insurance investment portfolio was 7.2% for Q2 2025, with a slightly higher yield of 7.4% when excluding funds withheld under reinsurance contracts [4] - The book value of the insurance segment as of June 30, 2025, was $88.5 million, a slight decrease from $88.8 million in the previous year [4] Business Combination and Strategic Initiatives - Mount Logan filed definitive proxy materials for the proposed business combination with 180 Degree Capital, which is expected to enhance growth across fee and spread-related earnings [1][6] - The merger is anticipated to facilitate a U.S. NASDAQ listing, broadening the investor base and improving trading liquidity [6][8] Shareholder Information - The declared cash dividend of C$0.02 per common share is payable on August 25, 2025, to shareholders of record as of August 19, 2025 [1][8] - Approximately 26% of Mount Logan's outstanding shares and 20% of 180 Degree Capital's outstanding shares have signed voting agreements in support of the business combination [8] Liquidity and Capital Resources - As of June 30, 2025, total capital of the company was $142.0 million, a decrease of $8.3 million compared to December 31, 2024 [9] - The company reported working capital of $238.2 million as of June 30, 2025, reflecting an increase from $231.2 million at the end of 2024 [34]

MONTCLAIR, N.J., July 30, 2025 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) ("180 Degree Capital") announced today that a leading independent proxy advisory firm, Glass, Lewis & Co. ("Glass Lewis") has recommended that 180 Degree Capital shareholders vote "FOR" the proposed all-stock merger between 180 Degree Capital and Mount Logan Capital Inc. ("Mount Logan") (the "Business Combination") at 180 Degree Capital's upcoming special meeting on August 22, 2025. Glass Lewis' report highlighted 1) ...

Core Viewpoint - 180 Degree Capital expresses optimism regarding its proposed business combination with Mount Logan Capital Inc. and highlights positive developments from its portfolio company, Synchronoss Technologies, Inc. [1][2] Financial Performance - Synchronoss Technologies received $30.2 million of its $33.9 million tax refund, expecting the remaining $3.7 million before Labor Day 2025 [1] - 75% of the tax refund proceeds, approximately $25.4 million, will be used to pay down part of a $200 million term loan, resulting in annual interest savings of about $2.9 million [1] - After the loan payment, Synchronoss will have total debt of $173.4 million, cash of approximately $30 million, and net debt of approximately $143 million [1] - Synchronoss has reduced its total debt by over $100 million in the last four years [1] Shareholder Value - 180 Degree Capital's net asset value per share (NAV) is estimated to be approximately $5.10, with a year-to-date growth of about 10% in NAV, significantly outperforming the Russell Microcap Index's total return of 4.8% [2] - The company owns approximately 890,000 shares of Synchronoss, and the positive developments are expected to enhance the value of 180 Degree Capital's holdings [1][2] Business Combination - The proposed all-stock merger with Mount Logan Capital is anticipated to close soon, with 180 Degree Capital's shareholders expected to own more than 40% of the combined company [2] - The management team of Synchronoss, particularly the CFO, is commended for strengthening the company's balance sheet and reducing interest payments, which benefits common stockholders [2]

Summary of 180 Degree Capital Corp. Shareholder Update Call Company and Industry - **Company**: 180 Degree Capital Corp. - **Industry**: Alternative Asset Management and Private Credit Key Points and Arguments 1. **Business Combination with Mt. Logan Capital**: The call focused on the proposed business combination with Mt. Logan Capital, which is expected to enhance shareholder value and position the company for growth [5][6][19]. 2. **Transformation of Business Model**: The company has transitioned from a venture capital model to an asset-light operating company, which is anticipated to improve valuation metrics based on operating performance rather than net asset value [16][35]. 3. **Financial Performance**: Since leadership changes in 2017, the investment strategy has generated approximately $38.7 million in gains, representing a gross total return of 253% and an internal rate of return (IRR) of 16% [12]. 4. **Reduction of Legacy Assets**: The company successfully transformed its balance sheet from 80% illiquid venture investments to 99% liquid assets and cash, which is expected to attract investors focused on short-term gains [13][14]. 5. **Market Positioning**: The combined entity will manage over $2.4 billion in assets, focusing on the high-growth private credit market, which is seen as an attractive alternative asset class [19][28]. 6. **Shareholder Benefits**: The merger is expected to provide shareholders with quarterly dividends, marking a significant change as they have not received dividends since February 2001 [20][36]. 7. **Valuation and Growth Potential**: The merger is projected to shift the valuation from net asset value to operating metrics, potentially unlocking substantial value for shareholders [16][22]. 8. **Management Team**: The management team from Mt. Logan is highlighted as experienced and capable, with a strong track record in private credit [17][18]. 9. **Strategic Growth Opportunities**: The merger is expected to create synergies, reduce costs, and enhance the ability to pursue both organic and inorganic growth opportunities [33][35]. 10. **Regulatory Process**: The call addressed the lengthy SEC review process, emphasizing compliance and the importance of shareholder engagement during the merger process [40][78]. Other Important but Possibly Overlooked Content 1. **Historical Context**: The company faced significant challenges in 2016, including high annual expenses and a legacy portfolio that negatively impacted net asset value [8][11]. 2. **Shareholder Engagement**: The management emphasized their commitment to transparency and open communication with shareholders throughout the merger process [7][44]. 3. **Activist Investor Response**: The management addressed concerns regarding activist investors and their impact on shareholder value, asserting their focus on long-term growth rather than short-term tactics [37][38]. 4. **Comparison with Peers**: The management provided comparisons with larger asset managers like Apollo and KKR, indicating potential for significant valuation uplift post-merger [62]. This summary encapsulates the key discussions and insights from the shareholder update call, highlighting the strategic direction and anticipated benefits of the proposed business combination.