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Portman Ridge Finance Corporation (PTMN)

BDC - Debt Focused BDC

Data as of Oct. 2, 2024
Current
Market Price $18.32 (+ $0.01)
NAV (June 30, 2024) $21.21 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -13.63% (+0.05%)
Fund Info
Inception Dec. 12, 2006
Sponsor Sierra Crest Investment Management
Website https://www.portmanrid...
Phone 212-455-8300
Location New York
Incorporated
Staggered Board Yes
Term Date N/A
Objective: Current income and capital appreciation; debt and equity-related investments
Related Indexes
High Income Index
Capital & Leverage
Outstanding Shares 9,244,024
Total Assets (Reported: June 30, 2024) $488M
Estimated Total Assets $465M
Net Assets $196M
Market Cap $169M
Portfolio Turnover 22.16%
Debt-to-Equity 1.4389
Total Leverage 57.82%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 19.24%
Non Lev Exp Ratio 8.77%
Gross Asset Expense Ratio 8.07%
Gross Asset Non Lev Exp Ratio 3.68%
Rel Lev Cost 7.59%
Discount Data
Average Discount (3 Yr) -15.53%
Discount Low(3 Yr) -26.93%
Discount High(3 Yr) -3.47%
Discount Rel Range (3 Yr) 56.71%
Comp Discount -8.43
Discount St Dev (1Yr) 5.15
Z-Stat
Z-Stat (6mo) -0.56
Z-Stat (1Yr) 0.49
Z-Stat (3Yr) 0.40
Comp Z-Stat (6mo) 0.01
Comp Z-Stat (3Yr) 0.38
Distribution Data
Market Yield 15.07%
Income Yield 15.07%
Lev Adj NAV Yield 8.25%
Av Yield on Debt Investments 12.40
Distribution Frequency Q
Current Distribution $0.690
Current Income $0.690
Ex-Date 8/22/24
Payable Date 8/30/24
Div Growth (3yr) 15.00%
Dividend Change 1.5% on 5/9/23
Expected Div 11/8/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $788
Avg Volume 30 day 35,093
Avg Volume 90 day 43,023
Volume Trend -18.43%
Comp Volume Trend -24.84%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
23.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
18.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
28.0%
Most Correlated Peer (Mk Pr): PSEC 42.0%
Price St Dev (1Yr) 19.0%
NAV St Dev (1Yr) 6.1%
Earnings
Earnings / Share (6/30/24) $0.651
Adj Core NII Coverage 93.05%
1 Yr Avg NII Coverage 118.26%
1 Yr Avg Adj Core NII Coverage 116.73%
NII Trend -32.23%
Adj Core NII Trend -32.24%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.36
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.32
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.44
Portfolio Data
Avg Libor Floor % 1.01%
% Loans with Libor Floor 74%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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