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Logan Ridge Finance Corporation Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]

Logan Ridge Finance Corporation (LRFC) 
Company Research Source: Yahoo! Finance
2022; Total Investment Income Increased to $20.2 Million as Compared to $14.9 Million for Year Ended 2022 As Previously Announced, Declared a Distribution of $0.32 Per Share for the First Quarter of 2024, an Increase of 7% Compared to Prior Quarter; Fourth Consecutive Quarterly Distribution Increase Total Distributions Paid During 2023 Amount to $0.96 Per Share NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“Logan Ridge”, “Logan”, “LRFC”, “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today its financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights Reported Net Investment Income (“NII”) of $0.6 million or $0.22 per share (despite reversing $0.6 million, or $0.22 per share, of previously accrued income as a result of placing a portfolio company on non-accrual status in the fourth quarter). Net asset value decreased to $33.34 per share as of December 31, 2023 from $34.78 per shar Show less Read more
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