TORONTO, May 09, 2024 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan” or the “Company”) announced today its financial results for the first quarter ended March 31, 2024. All amounts are stated in United States dollars, unless otherwise indicated.
NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“Logan Ridge”, “Logan”, “LRFC”, “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today its financial results for the first quarter ended March 31, 2024.
Key Points:
- Reports Strong Results with Net Investment Income of $0.35 Per Share, Compared to $0.22 Per Share in the Previous Quarter; Net Asset Value Increased to $33.71 Per Share from $33.34 Per Share in the Previous Quarter
Declared a Distribution of $0.33 Per Share for the Second Quarter of 2024, an Increase of 3% Compared to the First Quarter of 2024; Fifth Consecutive Quarterly Distribution Increase
NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“Logan Ridge”, “Logan”, “LRFC”, “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today its financial results for the first quarter ended March 31, 2024.
- On May 7, 2024, the Company’s Board of Directors approved a second quarter distribution of $0.33 per share payable on May 31, 2024, to stockholders of record as of May 21, 2024.
- This represents an increase of 3% as compared to $0.32 per share distributed for the first quarter of 2024.
- Ted Goldthorpe, Chief Executive Officer and President of LRFC, said, “During the first quarter of 2024, we continued to build upon the record financial results we generated in 2023.
TORONTO, April 26, 2024 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan” or the “Company”) will release its financial results for the first quarter ended March 31, 2024 after market close on Thursday, May 9, 2024.
Key Points:
- TORONTO, April 26, 2024 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan” or the “Company”) will release its financial results for the first quarter ended March 31, 2024 after market close on Thursday, May 9, 2024.
- The Company will host a conference call on Friday, May 10, 2024, at 11:00 a.m. Eastern Time to discuss these results.
- Shareholders, prospective shareholders, and analysts are welcome to listen to the conference call.
- A recording of the conference call will be available on Mount Logan’s website www.mountlogancapital.ca in the Investor Relations section under “Events”.
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Cryptocurrency NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“Logan Ridge”, “Logan”, “LRFC”, “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today its financial results for the fourth quarter and full year ended December 31, 2023.
Key Points:
- Net asset value decreased to $33.34 per share as of December 31, 2023 from $34.78 per share in the as of September 30, 2023.
- Restored the Company’s quarterly distribution during the first quarter of 2023, which has increased each quarter during the year.
- As of December 31, 2023, the Company reported undistributed spillover earnings of $2.6 million, or $0.97 per share.
- Our operating results for the years ended December 31, 2023 and 2022 were as follows (dollars in thousands):
For the Years Ended December 31,
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Cryptocurrency TORONTO, March 14, 2024 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the fourth quarter and fiscal year ended December 31, 2023. All amounts are stated in United States dollars, unless otherwise indicated. The financial results have been adjusted for the adoption of IFRS 17 Insurance Contracts (“IFRS 17”) which became effective January 1, 2023.
Key Points:
- The financial results have been adjusted for the adoption of IFRS 17 Insurance Contracts (“IFRS 17”) which became effective January 1, 2023.
- Fourth quarter asset management revenues excludes $1.3 million of management fees associated with Mount Logan’s management of the assets of Ability Insurance Company (“Ability”), a wholly-owned subsidiary of the Company, during the fourth quarter of 2023, which increased by 82% as compared to the fourth quarter 2022 of $0.7 million.
- Ability’s total assets managed by Mount Logan increased to $537.1 million for fiscal 2023, up $200.2 million from fiscal 2022 managed assets of $336.9 million.
- Adjusted basic EPS was $(0.44) for the 2023 fiscal year, a decrease of $(2.74) from $2.30 for the 2022 fiscal year.
NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“Logan Ridge”, “Logan”, “LRFC”, “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today that it will delay the investor conference call previously scheduled for 10:00 am ET on Thursday, March 14, 2024. Additional time is required to complete the year-end financial statements due to a tax-related item that is not expected to impact the Company’s net asset value or net income. The Company will issue a separate press release when a rescheduled date and time has been determined. The Company expects to report its results coincident with, or prior to, the filing of its Annual Report on Form 10-K for the year ended December 31, 2023.
Key Points:
- The Company will issue a separate press release when a rescheduled date and time has been determined.
- The Company expects to report its results coincident with, or prior to, the filing of its Annual Report on Form 10-K for the year ended December 31, 2023.
- Net asset value decreased to $33.34 per share as of December 31, 2023 from $34.78 per share in the prior quarter.
- Net investment income for the year ended December 31, 2023 was $3.8 million, or $1.43 per share.
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Security (finance) Separately, Mount Logan today announced the closing of an opportunistic $18.8 million privately placed debenture units offering through the issuance of 18,752 debenture units (“Debenture Units”) on a non-brokered private placement basis (the “Offering”).
Key Points:
- Separately, Mount Logan today announced the closing of an opportunistic $18.8 million privately placed debenture units offering through the issuance of 18,752 debenture units (“Debenture Units”) on a non-brokered private placement basis (the “Offering”).
- Since Mount Logan’s investment, Marret and Mount Logan have each benefited from access to broader credit investing skillsets.
- Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan, said, “A lot of strong momentum to start 2024 for Mount Logan.
- Mount Logan shares our philosophy of delivering strong risk adjusted returns, and this partnership can create tremendous value for our clients.
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Thursday, November 9, 2023
TORONTO, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the quarter ended September 30, 2023. All amounts are stated in United States dollars, unless otherwise indicated. The financial results have been adjusted for the adoption of IFRS 17 Insurance Contracts (“IFRS 17”) which became effective January 1, 2023. IFRS 17 is effective for years beginning as of January 1, 2023, and has been applied retrospectively with a transition date of January 1, 2022. IFRS 17 does not impact the underlying economics of the business, nor does it impact the Company’s business strategies.
Retrieved on:
Wednesday, November 8, 2023
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Bank NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“Logan Ridge”, “LRFC”, “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today its financial results for the third quarter ended September 30, 2023.
Key Points:
- Reports a Strong Third Quarter with Net Investment Income of $0.43 Per Share, an Increase of 13% Compared to the Prior Quarter
Announces a Distribution of $0.30 Per Share for the Fourth Quarter of 2023, an Increase of 15% Compared to the Prior Quarter
NEW YORK, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“Logan Ridge”, “LRFC”, “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today its financial results for the third quarter ended September 30, 2023.
- Net Asset Value (“NAV”) decreased to $34.78 per share as of September 30, 2023 from $35.68 per share as of June 30, 2023.
- On November 7, 2023, the Company’s Board of Directors approved a fourth quarter distribution of $0.30 per share payable on November 30, 2023 to stockholders of record as of November 20, 2023.
- Cash and cash equivalents as of September 30, 2023 were $5.1 million, as compared to $6.3 million as of June 30, 2023.
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Thursday, November 2, 2023
TORONTO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) will release its financial results for the fiscal quarter ended September 30, 2023 on or about Wednesday, November 8, 2023 after 5:00 p.m. Eastern Time on the date of release.
Key Points:
- TORONTO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) will release its financial results for the fiscal quarter ended September 30, 2023 on or about Wednesday, November 8, 2023 after 5:00 p.m. Eastern Time on the date of release.
- The Company will host a conference call on Friday, November 10, 2023, at 12:30 p.m. Eastern Time.
- Shareholders, prospective shareholders, and analysts are welcome to listen to the conference call.
- A recording of the conference call will be available on the Company’s website www.mountlogancapital.ca in the Investor Relations section under “Events”.
