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Portman Ridge Finance Corporation Announces First Quarter 2020 Financial Results

Portman Ridge Finance Corporation - Closed End Fund (PTMN) 
Company Research Source: GlobeNewswire
NEW YORK, May 06, 2020 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) announces its first quarter 2020 financial results. Financial Highlights Net investment income for the first quarter ended March 31, 2020 was approximately $2.8 million, or $0.06 per share, compared with net investment income of approximately $2.1 million, or $0.06 per share in the fourth quarter of 2019, and net investment loss of approximately $(2.2) million, or $(0.06) per share in the first quarter of 2019. At March 31, 2020, the fair value of the Company’s investments totaled approximately $272 million, as compared to $278 million at December 31, 2019. Net asset value per share as of March 31, 2020 was $2.69 Quarterly distribution paid during the first quarter of 2020 was $0.06 per share in cash. Ted Goldthorpe, Chief Executive Officer of Portman Ridge Finance Corporation, noted, “First and foremost, we are hopeful that our stakeholders and their families remain health Show less Read more
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