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Portman Ridge Finance Corporation Announces Corporate Rebranding, New Monthly Base Distribution, and Value Creation Initiatives
Globenewswire· 2025-06-17 20:05
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]
Prospect Capital (PSEC) 2025 Extraordinary General Meeting Transcript
2025-06-17 20:00
Summary of Prospect Capital Corporation's Extraordinary General Meeting Company Overview - **Company**: Prospect Capital Corporation (PSEC) - **Meeting Date**: June 17, 2025 - **Key Participants**: - Isaac (President, COO, and Director) - Kristin Van Daske (CFO and Secretary) - Geraldine Lipman (Representative of Quinity Trust Company) - John Butcher (Representative of EQ Fund Solutions, Inspector of Election) [1][2] Core Proposal - **Proposal**: Authorization for the corporation to sell shares of its common stock over the next twelve months at prices below the current net asset value per share, subject to conditions: - The number of shares sold on any given date must not exceed 25% of the outstanding common stock immediately prior to the sale [2][9]. Voting Process - **Quorum**: A majority of shares represented at the meeting constituted a quorum, with 320,175,728 shares present out of a total of 516,682,118 shares entitled to vote [5][6]. - **Voting Results**: - Total votes for the proposal (including affiliated and unaffiliated shares): 261,473,100 votes for, 49,032,813 votes against, and 9,669,784 abstentions. - Total votes for the proposal (excluding affiliated shares): 138,126,815 votes for, 49,032,813 votes against, and 9,669,784 abstentions [10][11]. Approval of Proposal - The proposal was declared duly adopted and approved based on the voting results [11]. Additional Notes - The meeting included a formal business segment followed by a question-and-answer session, which concluded without any questions from stockholders [12]. - The meeting was adjourned after thanking the participants and teams involved in the process [12].
Class Action Filed Against Strategy Incorporated (MSTR) - July 15, 2025 Deadline to Join - Contact Levi & Korsinsky
Prnewswire· 2025-06-17 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Strategy Incorporated, alleging securities fraud that affected investors between April 30, 2024, and April 4, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements regarding the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations, overstating its potential [2]. - It is alleged that the risks associated with bitcoin's volatility and the potential losses from the Company's digital assets were understated, leading to materially false and misleading public statements [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until July 15, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 20 years of experience [4].
Shareholders of Strategy Incorporated Should Contact Levi & Korsinsky Before July 15, 2025 to Discuss Your Rights – MSTR
GlobeNewswire News Room· 2025-06-16 17:24
Core Viewpoint - A class action securities lawsuit has been filed against Strategy Incorporated, alleging securities fraud that affected investors between April 30, 2024, and April 4, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the anticipated profitability of the Company's bitcoin-focused investment strategy was overstated [2]. - It is alleged that the risks associated with bitcoin's volatility and potential losses from digital assets were understated [2]. - Defendants' public statements are claimed to have been materially false and misleading throughout the relevant period [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until July 15, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as a leading firm in securities litigation [4]. - The firm has over 70 employees and has been ranked in the Top 50 Report by ISS Securities Class Action Services for seven consecutive years [4].
Strategy Incorporated Sued for Securities Law Violations - Contact The Gross Law Firm Before July 15, 2025 to Discuss Your Rights - MSTR
Prnewswire· 2025-06-16 09:45
Core Viewpoint - The Gross Law Firm is notifying shareholders of Strategy Incorporated (NASDAQ: MSTR) about a class action lawsuit related to misleading statements regarding the company's bitcoin investment strategy and treasury operations [1][2]. Group 1: Class Action Details - The class period for the lawsuit is from April 30, 2024, to April 4, 2025 [2]. - Allegations include that the company overstated the anticipated profitability of its bitcoin-focused strategy and understated the risks associated with bitcoin's volatility [2]. - Shareholders are encouraged to register for the class action by July 15, 2025, to potentially become lead plaintiffs [3]. Group 2: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit, fraud, and illegal business practices [4]. - The firm is committed to ensuring companies engage in responsible business practices and good corporate citizenship [4].
AIC高端访谈|“五大优势”让AIC成为科技金融新锐——专访中银资产董事长王晓明
Xin Hua Cai Jing· 2025-06-15 00:59
新华财经北京6月15日电 2024年9月,AIC股权投资试点范围扩大政策出台后,中银金融资产投资有限公 司的股权投资业务取得较快发展。中银资产已对18个试点城市实现储备基金全覆盖,意向合作规模近 500亿元,并完成10余只基金的工商设立。 中银资产董事长王晓明近日接受记者专访时表示,"五大优势"让金融资产投资公司(AIC)能够做 到"投早、投小、投长期、投硬科技",成为金融支持科技创新的重要力量。 "五大优势":精准浇灌"科创良田" "首先是AIC本身的资金实力比较强。制度框架比较完整,财务状况普遍都比较好。"王晓明说,作为大 型商业银行的子公司,AIC在过往开展市场化债转股过程中,积累起较为丰富的投资经验,培育起成熟 的运营体系并拥有较好的财务基础。 "市场化债转股工作为我们开展股权投资积累了制度基础、流程基础、人才基础、财务基础。这也使 AIC能够成为当前一级股权投资市场上支持科技企业发展的'新锐力量'。"王晓明说。 业内十分看好AIC的发展前景,有专家预计,随着试点范围的不断扩大,AIC股权投资业务将实现持续 快速发展。这种乐观的预计很大程度上来自于商业银行庞大的实体网络和强大的客户触达能力。 获客能力 ...
BDC Weekly Review: Questions About BDC Income And Price Trends
Seeking Alpha· 2025-06-14 03:59
Core Viewpoint - The article provides an overview of market activity in the Business Development Company (BDC) sector, highlighting both individual news and events as well as broader market trends [1]. Group 1: Market Overview - The BDC sector is analyzed from a bottom-up perspective, focusing on specific news and events that impact individual companies [1]. - A top-down approach is also utilized to provide a comprehensive overview of the BDC market dynamics [1]. Group 2: Analyst Team - ADS Analytics consists of a team of analysts with extensive experience in research and trading at leading global investment banks [1]. - The team specializes in generating income ideas across various security types, including Closed-End Funds (CEFs), Exchange-Traded Funds (ETFs), mutual funds, BDCs, preferred stocks, and baby bonds [1].
Strategy Incorporated Class Action: Levi & Korsinsky Reminds Strategy Incorporated Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 15, 2025 – MSTR
GlobeNewswire News Room· 2025-06-13 17:22
Core Viewpoint - A class action securities lawsuit has been filed against Strategy Incorporated, alleging securities fraud that affected investors between April 30, 2024, and April 4, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements regarding the profitability of the Company's bitcoin-focused investment strategy and treasury operations, overstating anticipated profitability [2]. - It is alleged that the risks associated with bitcoin's volatility and potential losses from digital assets were understated, leading to materially false and misleading public statements [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until July 15, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Scared Money Won't Make Money: Still Bullish On These Beaten-Down Buys
Seeking Alpha· 2025-06-13 13:05
Core Viewpoint - The article discusses the inherent risks of investing, particularly in equities, emphasizing that while the goal is to accumulate wealth, losses are often unavoidable [1]. Group 1 - The article highlights the importance of understanding potential outcomes when investing hard-earned money [1]. - It mentions that the primary objective of buying equities is wealth accumulation rather than loss [1]. Group 2 - The author identifies as a Navy veteran focused on dividend investing in quality blue-chip stocks, Business Development Companies (BDCs), and Real Estate Investment Trusts (REITs) [2]. - The investment strategy is characterized as a buy-and-hold approach, prioritizing quality over quantity, with plans to rely on dividends for retirement income in the next 5-7 years [2]. - The author aims to assist lower and middle-class workers in building investment portfolios of high-quality, dividend-paying companies [2]. Group 3 - The article clarifies that the author has no current stock or derivative positions in any mentioned companies and does not plan to initiate any within the next 72 hours [3]. - It is stated that the article reflects the author's personal opinions and is not compensated beyond contributions to Seeking Alpha [3]. Group 4 - Seeking Alpha emphasizes that past performance does not guarantee future results and that no specific investment recommendations are provided [4]. - The platform notes that its analysts are third-party authors, including both professional and individual investors, who may not be licensed or certified [4].
Levi & Korsinsky Notifies Shareholders of Strategy Incorporated(MSTR) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-06-13 09:45
NEW YORK, June 13, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Strategy Incorporated ("Strategy Incorporated" or the "Company") (NASDAQ: MSTR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Strategy Incorporated investors who were adversely affected by alleged securities fraud between April 30, 2024 and April 4, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/str ...