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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.
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Company Name: 
Portman Ridge Finance Corp
Stock buyback: 
PTMN buyback
Website: 
www.portmanridge.com
Sector: 
Investment Companies & Venture Capital
 

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Hold (2.00 out of 4)
100th percentile
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