Portman Ridge Finance Corporation Buyback
OLI recorded this information on 3/21/2022
Company:
Portman Ridge Finance Corporation
Buyback:
PTMN buyback
$Amount Authorized:
$10,000,000
Buyback Details:
Portman Ridge Finance Corporation (Nasdaq: PTMN) (the "Company") today announced that it has entered into a new Rule 10b5-1 stock trading plan to facilitate the repurchase of its common stock in accordance with its recently re-authorized $10 million share repurchase program.
Portman Ridge Finance is an externally managed, non-diversified closed-end investment company. Co. originates, structures, and invests in secured term loans, bonds or notes and mezzanine debt in privately-held middle market companies but may also invests in other investments such as loans to publicly-traded companies, bonds, and distressed debt securities. Co. also invests in joint ventures and debt and subordinated securities issued by collateralized loan obligation funds. In addition, from time to time Co. may invests in the equity securities of privately held middle market companies and may also receive warrants or options to purchase common stock in connection with its debt investments.
Open the PTMN Page at The Online Investor »
|
Open the PTMN Page at The Online Investor (in a new window) »
Free PTMN Email Alerts: Get SEC Filing Alerts Get Dividend Alerts |
Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |