Portman Ridge Finance Corporation Announces Closing of Merger With OHA Investment Corporation, Stockholder Payment Record Date and Payment Date
Portman Ridge Finance Corporation - Closed End Fund (PTMN)
Company Research
Source: GlobeNewswire
NEW YORK, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Portman Ridge Finance Corporation (“PTMN”, or the “Company”) (NASDAQ: PTMN) and OHA Investment Corporation (NASDAQ: OHAI) (“OHAI”) today announced the closing (the “Closing”) of the previously announced transaction under which OHAI will be merged into PTMN. As a result of the Closing, December 18, 2019 has been set as the record date (the “Record Date”) for the OHAI stockholders’ right to receive the $3.0 million cash payment from an affiliate of BC Partners Advisors L.P. (“BC Partners”) and LibreMax Capital, LLC through its affiliate LibreMax SC, LLC, as well as the merger consideration composed of (i) approximately $8.5 million in cash from PTMN and (ii) approximately 7.4 million shares of PTMN common stock. As a result, each share of OHAI common stock will receive approximately $0.57 in cash and 0.3688 shares of PTMN common stock. The merger received robust support from the OHAI stockholder base, with strong voter turnout of over 72%
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News
- https://seekingalpha.com/article/4744553-portman-ridge-finance-this-16-4-percent-yield-is-a-hold-for-now-but-proceed-with-caution [Seeking Alpha]Seeking Alpha
- Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business Combination [Yahoo! Finance]Yahoo! Finance
- Boards of Directors of Portman Ridge Finance Corporation and Logan Ridge Finance Corporation Form Special Committees to Continue Evaluating Potential Business CombinationGlobeNewswire
- Portman Ridge Finance Co. (NASDAQ: PTMN) had its price target lowered by analysts at Keefe, Bruyette & Woods from $19.00 to $18.00. They now have a "market perform" rating on the stock.MarketBeat
- Portman Ridge Finance Corp (PTMN) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
PTMN
Earnings
- 11/7/24 - Miss
PTMN
Sec Filings
- 12/4/24 - Form DEL
- 11/25/24 - Form N-2
- 11/14/24 - Form SC
- PTMN's page on the SEC website