Portman Ridge Finance Corporation (PTMN) Reports Q3 EPS of $0.06

Portman Ridge Finance Corporation (NASDAQ: PTMN) reported Q3 EPS of $0.06, versus $0.06 reported last year.

Management Commentary

Ted Goldthorpe, CEO of Portman Ridge, commented, “Despite the ongoing uncertainty caused by Covid-19, we generated a solid quarter highlighted by broad-based strengthening across our investment portfolio. We continued to generate consistent net investment income on a quarterly basis, resulting in stable net investment income per share that has matched our distribution level for the past five quarters. Importantly, subsequent to quarter end, we announced the completion of our merger with Garrison Capital which is the third strategic transaction our team has closed in less than two years. It is also the largest transaction completed by Portman Ridge to date, with combined company assets totaling approximately $638 million at closing. Integration and repositioning efforts are fully underway and we look forward to providing updates on our progress.”

For earnings history and earnings-related data on Portman Ridge Finance Corporation (PTMN) click here.

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