TORONTO, March 23, 2020 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO:MLC) (Mount Logan, our, we, or the Company) will release its financial results for the year ended December 31, 2019 on Wednesday, March 25, 2020 following the close of the markets.
Key Points:
- TORONTO, March 23, 2020 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO:MLC) (Mount Logan, our, we, or the Company) will release its financial results for the year ended December 31, 2019 on Wednesday, March 25, 2020 following the close of the markets.
- The Company will host a conference call on Thursday, March 26, 2020 at 11:00 a.m. Eastern Time.
- About Mount Logan Capital Inc.
Mount Logan Capital Inc. is a Canada-based asset manager created to source and execute on credit investment opportunities in North America.
- The Company holds and actively manages and monitors a portfolio of loans and other investments with credit-oriented characteristics.
The First Amendment, among other things, extends the maturity date of the revolving credit facility (the Facility) from February 21, 2020 to February 19, 2021 (the Maturity Date).
Key Points:
- The First Amendment, among other things, extends the maturity date of the revolving credit facility (the Facility) from February 21, 2020 to February 19, 2021 (the Maturity Date).
- Pursuant to the Facility Agreement, the maximum amount available to borrow by the MLC Subsidiary will remain at US$50,000,000, subject to certain conditions.
- The MLC Subsidiary will continue to use the proceeds from the Facility for the purchase of loans, debt obligations, and/or other eligible loans and investments as contemplated in the Facility Agreement.
- About Mount Logan Capital Inc.
Mount Logan Capital Inc. is a Canada-based asset manager created to source and execute on credit investment opportunities in North America.
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Wednesday, December 4, 2019
TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan, our, we, or the Company) is pleased to announce that the Board of Directors of the Company has declared a cash dividend in the amount of $0.02 per common share to be paid on December 27, 2019 to shareholders of record as of December 13, 2019.
Key Points:
- TORONTO, Dec. 04, 2019 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan, our, we, or the Company) is pleased to announce that the Board of Directors of the Company has declared a cash dividend in the amount of $0.02 per common share to be paid on December 27, 2019 to shareholders of record as of December 13, 2019.
- Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan, noted, As Mount Logan has scaled over the past year, this dividend represents the first return of capital for our shareholders.
- This dividend is designated by the Company as an eligible dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or territorial legislation.
- About Mount Logan Capital Inc.
Mount Logan Capital Inc. is a Canada-based asset manager created to source and execute on credit investment opportunities in North America.
Retrieved on:
Tuesday, December 3, 2019
TORONTO, Dec. 03, 2019 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan, our, we, or the Company) announces that it has completed its previously announced consolidation of the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation share for every eight (8) pre-consolidation shares (the Consolidation).
Key Points:
- TORONTO, Dec. 03, 2019 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan, our, we, or the Company) announces that it has completed its previously announced consolidation of the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation share for every eight (8) pre-consolidation shares (the Consolidation).
- Upon completion of the Consolidation, the Company has approximately 10,604,998 common shares outstanding.
- No action is required by non-registered shareholders (shareholders who hold their common shares through an intermediary) in connection with the Consolidation.
- About Mount Logan Capital Inc.
Mount Logan Capital Inc. is a Canada-based asset manager created to source and execute on credit investment opportunities in North America.
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Tuesday, November 19, 2019
TORONTO, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan, our, we, or the Company) announces that its board of directors (the Board) has determined to proceed with a consolidation of the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation share for every eight (8) pre-consolidation shares (the Consolidation).
Key Points:
- TORONTO, Nov. 19, 2019 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan, our, we, or the Company) announces that its board of directors (the Board) has determined to proceed with a consolidation of the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation share for every eight (8) pre-consolidation shares (the Consolidation).
- Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan, noted, We believe the share consolidation will result in a share price that better reflects the institutional nature of our business.
- Subject to board approval, we intend to follow our share consolidation with a dividend before year end and will in the ordinary course continue to evaluate additional capital raise opportunities in the near term.
- About Mount Logan Capital Inc.
Mount Logan Capital Inc. is a Canada-based asset manager created to source and execute on credit investment opportunities in North America.
Retrieved on:
Thursday, November 7, 2019
We will hold a conference call on Tuesday, November 12, 2019 at 9:00 a.m. Eastern Time to discuss our third quarter 2019 financial results.
Key Points:
- We will hold a conference call on Tuesday, November 12, 2019 at 9:00 a.m. Eastern Time to discuss our third quarter 2019 financial results.
- About Mount Logan Capital Inc.
Mount Logan Capital Inc. is a Canada-based asset manager created to source and execute on credit investment opportunities in North America.
- Rather, these measures are provided as additional information to complement IFRS financial measures by providing further understanding of the Companys results of operations from management's perspective.
- The Companys management also uses non- IFRS financial measures in order to facilitate operating performance comparisons from period to period.
Retrieved on:
Tuesday, October 15, 2019
Mr. Guebert has agreed to assist the Company with an orderly transition to the new Chief Financial Officer and Corporate Secretary.
Key Points:
- Mr. Guebert has agreed to assist the Company with an orderly transition to the new Chief Financial Officer and Corporate Secretary.
- Prior to joining Portman Ridge, Mr. Gilpin served as the Chief Financial Officer at Associated Renewable Inc., and as Executive Vice President and Chief Financial Officer of Ram Holdings, Ltd., a provider of financial guaranty reinsurance.
- Prior to joining ACA Capital, Mr. Gilpin was Vice President in the Financial Institutions Group at Prudential Securities, Inc.'s investment banking division.
- About Mount Logan Capital Inc.
Mount Logan Capital Inc. is a Canada-based asset manager created to source and execute on credit investment opportunities in North America.
Retrieved on:
Tuesday, September 10, 2019
TORONTO, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO:MLC) (Mount Logan, our, we, or the Company) today announced that it has completed a non-brokered private placement (the Private Placement) of an aggregate of 2,968,750 common shares at a price of CAD$0.56 per share for gross proceeds of approximately CAD$1.66 million.
Key Points:
- TORONTO, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO:MLC) (Mount Logan, our, we, or the Company) today announced that it has completed a non-brokered private placement (the Private Placement) of an aggregate of 2,968,750 common shares at a price of CAD$0.56 per share for gross proceeds of approximately CAD$1.66 million.
- Ted Goldthorpe, CEO and Chairman of Mount Logan, noted, This private placement represents a strong step towards growing Mount Logan, our shareholder base, and increasing the liquidity of our stock.
- The net proceeds of the Private Placement are intended to be used to purchase loans, debt instruments, and other investments in the ordinary course of business and fund general working capital needs.
- About Mount Logan Capital Inc.
Mount Logan Capital Inc. is a Canada-based asset manager created to source and execute on credit investment opportunities in North America.
TORONTO, Aug. 20, 2019 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan, our, we, or the Company) today announced that, through its subsidiary Mount Logan Management, LLC, it has entered into its first asset management contract (the Agreement) to receive fee income for monitoring certain investments of a leading U.S. based insurance company.
Key Points:
- TORONTO, Aug. 20, 2019 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (Mount Logan, our, we, or the Company) today announced that, through its subsidiary Mount Logan Management, LLC, it has entered into its first asset management contract (the Agreement) to receive fee income for monitoring certain investments of a leading U.S. based insurance company.
- Mount Logan Management, LLC is a newly formed wholly-owned subsidiary of the Company established for the purpose of asset monitoring and future asset management activities in the U.S.
Ted Goldthorpe, CEO and Chairman of Mount Logan, noted, We are pleased to announce the signing of our first asset management contract.
- We look forward to growing this investment account, developing further relationships with institutional investors to manage credit assets, and generating a growing stream of asset management fee income for Mount Logan.
- About Mount Logan Capital Inc.
Mount Logan Capital Inc. is a Canada-based asset manager created to source and execute on credit investment opportunities in North America.
At June 30, 2019, we had total assets of approximately $67.8 million USD and stockholders' equity of approximately $32.5 million USD.
Key Points:
- At June 30, 2019, we had total assets of approximately $67.8 million USD and stockholders' equity of approximately $32.5 million USD.
- Our net asset value per common share was $0.40 USD, an increase from $0.39 USD since March 31, 2019.
- Our conference call will be held tomorrow, Tuesday, August 13, 2019 at 9:00 a.m. Eastern Time to discuss the financial results for the quarter ended June 30, 2019.
- About Mount Logan Capital Inc.
Mount Logan Capital Inc. is a Canada-based asset manager created to source and execute on credit investment opportunities in North America.
