Portman Ridge Finance Corporation Announces Corporate Rebranding, New Monthly Base Distribution, and Value Creation Initiatives

Core Points - Portman Ridge Finance Corporation will be renamed to BCP Investment Corporation and will trade under the new ticker symbol "BCIC" following the merger with Logan Ridge Finance Corporation [1][2] - The company plans to transition from quarterly base distributions to monthly distributions starting in 2026, while maintaining the potential for quarterly supplemental distributions [3] - The company, along with its management and affiliates, intends to acquire up to 20% of its outstanding common stock over the next 24 months if shares trade below 80% of net asset value (NAV) [4] Company Initiatives - The rebranding to BCP Investment Corporation reflects the company's integration into the BC Partners Credit Platform, which manages nearly $9.0 billion in assets [2] - The transition to monthly distributions is expected to enhance liquidity and be valued by investors, with supplemental distributions approximating 50% of incremental net investment income [3] - The company has authorized a stock repurchase program of up to $10 million from March 12, 2025, to March 31, 2026, to address the discount to NAV [4] Management Commentary - The President and CEO of Portman Ridge emphasized that the rebranding signifies the company's importance within the BC Partners Credit Platform and the commitment to its success [5] - The management remains focused on aligning interests with shareholders and enhancing long-term value creation through these initiatives [6]