Brief: Portman Ridge Finance Corporation Announces First Quarter 2020 Financial Results

BCP Investment

07/05/2020 03:00

May 6 (Reuters) - Portman Ridge Finance Corp  PTMN.O :
    * ORATION ANNOUNCES FIRST QUARTER 2020 FINANCIAL RESULTS
    * NET ASSET VALUE PER SHARE AS OF MARCH 31, 2020 WAS $2.69
    * AT MARCH 31, FAIR VALUE OF CO'S INVESTMENTS TOTALED
APPROXIMATELY $272 MILLION, AS COMPARED TO $278 MILLION AT DEC
31, 2019
    * NET INVESTMENT INCOME FOR Q1 ENDED MARCH 31, 2020 WAS
$0.06 PER
SHARE
    * "WE EXPECT TO CONTINUE TO BUYBACK STOCK AS WE DO NOT
BELIEVE OUR
STOCK PRICE REFLECTS FAIR VALUE OF OUR PORTFOLIO"

Source text for Eikon:  ID:nGNXbspkZ4 
Further company coverage:  PTMN.O 

 ((Reuters.Briefs@thomsonreuters.com;))