MONTCLAIR, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) will announce its first quarter 2024 financial results on Monday, May 13, 2024, shortly after the close of the public markets.
Key Points:
- MONTCLAIR, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) will announce its first quarter 2024 financial results on Monday, May 13, 2024, shortly after the close of the public markets.
- It will host a conference call on Tuesday, May 14, 2024, at 9am Eastern Time to discuss these results and updates from Q2 2024.
- The dial-in information for the call is noted below:
MONTCLAIR, N.J., April 18, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) (“180 Degree Capital”) today noted the filing of a proxy statement by comScore, Inc. (“SCOR”) that includes Matthew F. McLaughlin as a nominee for election to SCOR’s Board of Directors at its upcoming 2024 Annual Meeting of Stockholders (the “Annual Meeting”).
Key Points:
- MONTCLAIR, N.J., April 18, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) (“180 Degree Capital”) today noted the filing of a proxy statement by comScore, Inc. (“SCOR”) that includes Matthew F. McLaughlin as a nominee for election to SCOR’s Board of Directors at its upcoming 2024 Annual Meeting of Stockholders (the “Annual Meeting”).
- In conjunction with this filing, 180 Degree Capital formally withdrew its nomination of Mr. McLaughlin as well as its proposal to declassify SCOR’s Board of Directors.
- “Once again, we commend SCOR’s Board for reaching this conclusion and avoiding the need for a competitive proxy contest,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
- “We believe Matt will have a meaningful impact on value creation for all stakeholders at SCOR.
MONTCLAIR, N.J., April 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (“180 Degree Capital”) (NASDAQ: TURN), noted today that the average discount between its estimated daily net asset value per share (“NAV”) and its daily closing stock price during March 2024 and year-to-date through the end of March 2024, were approximately 20% and 22%, respectively.1 This discount was approximately 16% on March 31, 2024.
Key Points:
- MONTCLAIR, N.J., April 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (“180 Degree Capital”) (NASDAQ: TURN), noted today that the average discount between its estimated daily net asset value per share (“NAV”) and its daily closing stock price during March 2024 and year-to-date through the end of March 2024, were approximately 20% and 22%, respectively.1 This discount was approximately 16% on March 31, 2024.
- “The first quarter of 2024 as a whole was positive for 180 Degree Capital, both in terms of increases in our NAV and our constructive activism,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
- Should these efforts not yield the results we believe are required, we are prepared to shift to public communications.
- The ultimate goal of each of our engagements is to create value for all stakeholders of the businesses in which we invest, including 180 Degree Capital.”
MONTCLAIR, N.J., March 26, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) (“180 Degree Capital”) today noted the announcement by comScore, Inc. (“SCOR”) that SCOR’s Nominating Committee and Board of Directors will support the addition of 180 Degree Capital’s nominee, Matthew F. McLaughlin to SCOR’s Board of Directors at its upcoming 2024 Annual Meeting of Stockholders (the “Annual Meeting”).
Key Points:
- MONTCLAIR, N.J., March 26, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) (“180 Degree Capital”) today noted the announcement by comScore, Inc. (“SCOR”) that SCOR’s Nominating Committee and Board of Directors will support the addition of 180 Degree Capital’s nominee, Matthew F. McLaughlin to SCOR’s Board of Directors at its upcoming 2024 Annual Meeting of Stockholders (the “Annual Meeting”).
- “We commend SCOR’s Board for reaching this conclusion and avoiding the need for a competitive proxy contest,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
- We believe SCOR’s upcoming Annual Meeting will mark an important step forward toward value creation for SCOR’s long-suffering common stockholders with the addition of Jon Carpenter and Matt to SCOR’s Board.
- The addition of Matt and Jon to SCOR’s Board shows that such decisions are possible.
“Our momentum from January continued into February 2024,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
Key Points:
- “Our momentum from January continued into February 2024,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
- “We believe our collaborative efforts with SNCR are just the start of a productive partnership.
- We believe our fellow common stockholders would be very supportive of the appointment of a highly qualified, independent director such as Matthew McLaughlin to SCOR’s Board.
- We urge SCOR’s Board to work with us to determine a path for Mr. McLaughlin to join SCOR’s Board without the need for a proxy fight.
Retrieved on:
Tuesday, February 20, 2024
“The fourth quarter of 2023 was the start of what we believe will be a return to risk asset classes, including the microcapitalization stocks in which we invest,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
Key Points:
- “The fourth quarter of 2023 was the start of what we believe will be a return to risk asset classes, including the microcapitalization stocks in which we invest,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
- “Our +6.9% gross total return in our public portfolio was the primary contributor to the growth of our net asset value per share (“NAV”) from $4.91 to $5.02.
- Our assets on our balance sheet are now almost 100% comprised of investments in public companies and cash1.
- We collectively own almost 12% of 180 Degree Capital’s outstanding shares, and this ownership continues to grow solely through open market purchases.
Retrieved on:
Thursday, February 15, 2024
MONTCLAIR, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) will announce its fourth quarter 2023 financial results on Tuesday, February 20, 2024, shortly after the close of the public markets.
Key Points:
- MONTCLAIR, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ: TURN) will announce its fourth quarter 2023 financial results on Tuesday, February 20, 2024, shortly after the close of the public markets.
- It will host a conference call on Wednesday, February 21, 2024, at 9am Eastern Time to discuss these results and updates from Q1 2024.
- The dial-in information for the call is noted below:
Retrieved on:
Thursday, February 1, 2024
MONTCLAIR, N.J., Feb. 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (“180 Degree Capital”) (NASDAQ: TURN), noted today that the average discount between its estimated daily net asset value per share (“NAV”) and its daily closing stock price during January 2024, was approximately 22%.1 This discount was approximately 26% on January 31, 2024.
Key Points:
- MONTCLAIR, N.J., Feb. 01, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (“180 Degree Capital”) (NASDAQ: TURN), noted today that the average discount between its estimated daily net asset value per share (“NAV”) and its daily closing stock price during January 2024, was approximately 22%.1 This discount was approximately 26% on January 31, 2024.
- “The first quarter of 2024 has been very active for TURN,” said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital.
- It is very clear to 180 Degree Capital that SCOR’s Board needs a fresh perspective and another advocate for the common stockholders of SCOR.
- We look forward to updating our stockholders and other interested investors in our upcoming shareholder call in mid-February 2024.”
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Security (finance) 180 Degree Capital's nominee is:
Key Points:
- 180 Degree Capital's nominee is:
Matthew F. McLaughlin, 54, is a retired advertising technology executive and Naval officer.
- Initial steps were made on this front, but the Board only just initiated formal discussions with 180 Degree Capital on this topic in mid-January 2024.
- 180 Degree Capital is interested in action, the type of action that only is possible with representation on the Board.
- 180 Degree Capital is focused on providing support to management and ensuring the highest level of corporate governance of SCOR.
MONTCLAIR, N.J., Jan. 02, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180”) noted that today is the beginning of the first measurement period of its previously announced Discount Management Program (the “Program”) established to reduce the discount that 180’s common stock trades at versus its net asset value per share (“NAV”).
Key Points:
- MONTCLAIR, N.J., Jan. 02, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180”) noted that today is the beginning of the first measurement period of its previously announced Discount Management Program (the “Program”) established to reduce the discount that 180’s common stock trades at versus its net asset value per share (“NAV”).
- “Our Discount Management Program is designed to monitor this discount and set the stage for our Board of Directors to take actions for the benefit of TURN’s common stockholders should the discount not narrow considerably from where it stands today.
- “We believe the existence of the Program and its associated measurement periods demonstrate the continued focus of both 180’s Board and management team on taking active steps to minimize any persistent above average discount in 180’s share price.
- In the future, 180’s Board may or may not determine to extend the Program beyond June 2025.”
