Logan Ridge Secures Shareholder Approval for Merger with Portman Ridge

Logan Ridge Finance Corporation announced it has gained shareholder approval for its merger with Portman Ridge Finance Corporation. The approval was obtained following a shareholder meeting on June 20, 2025, where 89.4% of voters supported the merger proposal. However, Portman Ridge has adjourned its own shareholder meeting until June 27, 2025, to give investors more time to consider the merger. If approved, the merger is expected to result in a company with greater scale and improved capital access. The leadership of the involved companies, under Ted Goldthorpe, believes this merger will generate long-term value.