Early Warning Report of Mount Logan Capital Inc. (formerly Yukon New Parent, Inc.) in connection with the Closing of the Strategic Business Combination

Core Viewpoint - Mount Logan Capital Inc. has completed a strategic business combination with 180 Degree Capital Corp, resulting in New Mount Logan becoming the sole unitholder of Mount Logan [1][2]. Company Overview - Mount Logan Capital Inc. (Nasdaq: MLCI) is an alternative asset management and insurance solutions company focused on public and private debt securities in North America and reinsurance of annuity products [4]. - The company actively invests in loans, debt securities, and credit-oriented instruments that offer attractive risk-adjusted returns with low risk of principal impairment [4]. Business Combination Details - The business combination allows New Mount Logan to acquire all issued and outstanding units of Mount Logan, making it a wholly-owned subsidiary [2]. - New Mount Logan did not own any common shares of Mount Logan before the completion of the business combination, but now controls all issued and outstanding units [2]. Subsidiaries and Operations - Mount Logan operates through its wholly-owned subsidiaries, including Mount Logan Management LLC, which provides investment management services to various investment funds and companies [5]. - Ability Insurance Company, another subsidiary, reinsures long-term care policies and has largely transferred its morbidity risk to third parties [6].