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Stock impact report

Portman Ridge Finance Corporation Announces Third Quarter 2022 Financial Results

Portman Ridge Finance Corporation - Closed End Fund (PTMN) 
Company Research Source: GlobeNewswire
Reports Strong Performance with Elevated Total Investment Income, Core Investment Income and Net Investment Income Quarter-over-Quarter Increases Quarterly Distribution to $0.67 per Share NEW YORK, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “Portman Ridge”) announced today its financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Highlights Total investment income for the third quarter of 2022 was $19.0 million, of which $15.4 million was attributable to interest income from the debt securities portfolio. This compares to total investment income for the second quarter of 2022 of $15.0 million, of which $11.9 million was attributable to interest income from the debt securities portfolio.Core investment income1 for the third quarter of 2022, excluding the impact of purchase price accounting, was $17.6 million as compared to $13.7 million in the second quarter of 2022.Net investment income (“N Show less Read more
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