Financial Data and Key Metrics Changes - For Q1 2025, Logan Ridge generated $4.6 million in investment income, a decrease of $800,000 or $0.29 per share compared to $5.4 million in Q4 2024 [10] - Net investment income for Q1 2025 was $900,000 or $0.35 per share, down from $1.5 million or $0.50 per share in Q4 2024, representing a decrease of $600,000 or $0.21 per share [11] - The net asset value (NAV) as of March 31, 2025, was $78.8 million, a decrease of $6.3 million or 7.4% from $85.1 million in the previous quarter [12] Business Line Data and Key Metrics Changes - The fair value of Logan's portfolio was approximately $169.6 million, down from $172.3 million in the prior quarter, with exposure to 59 portfolio companies [6] - The company deployed approximately $15.1 million into new and existing investments, with repayments and sales totaling approximately $12.5 million, resulting in a net deployment of approximately $2.7 million for the quarter [7] - The equity portfolio was reduced to 12% from 10.8% of the portfolio on a cost and fair value basis, reflecting the exit of the second largest non-yielding equity position in GA Communications [9] Market Data and Key Metrics Changes - As of March 31, 2025, 70.1% of the investment portfolio at fair value was invested in assets originated by the BC Partners Credit platform, up from 66.7% at the end of the last quarter [7] - The debt investment portfolio represented 86.6% of the total portfolio at fair value, with a weighted average annualized yield of approximately 10.7% [8] Company Strategy and Development Direction - The company is focused on rotating out of its legacy equity portfolio, which has been reduced to 10.8% of the portfolio at fair value, down from 13.8% in the prior quarter [4] - The merger with Fort McMurray is expected to provide increased scale, improved liquidity, and enhanced operational efficiencies, strengthening the company's ability to deliver greater value to shareholders [5] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's positioning to grow earnings and increase long-term shareholder value despite market volatility and geopolitical uncertainties [4] - The management team does not expect significant recovery from the non-accrual assets, particularly the legacy investment in Sequoia, which has been on non-accrual since 2021 [23] Other Important Information - As of March 31, 2025, the company had $5.1 million in cash and cash equivalents, along with $31.5 million of unused borrowing capacity available for new investments [12] Q&A Session Summary Question: Will the pending merger with Portman entail a full valuation review of Logan's investments? - Yes, a new NAV for both Portman and Logan will be established within 48 hours of share issuance [16] Question: How will the valuation be conducted? - The valuation will be done consistent with regular practices, including third-party marks and internal models [17] Question: What is the prospect for recovering non-accruals? - There is not much expectation for meaningful recovery from non-accrual assets, particularly from Sequoia [23] Question: Are any BC loans in non-accrual status? - Yes, there are three loans in non-accrual status, including one BC name [26] Question: What is the discount to par for the BC sourced book? - Specific numbers will be provided later, but generally, most of the BC sourced book is performing well [28]

Q1 2025 Earnings Presentation LRFCTM May 9, 2025 Important Information Cautionary Statement Regarding Forward-Looking Statements This presentation contains forward-looking statements. The matters discussed in this presentation, as well as in future oral and written statements by management of Logan Ridge Finance Corporation ("LRFC", "Logan Ridge" or the "Company"), that are forward-looking statements are based on current management expectations that involve substantial risks and uncertainties which could ca ...

Exhibit 99.1 Successfully Exited its Equity Investment in GA Communications, Inc., Further Reducing the Company's Non-Yielding Equity Portfolio Investors are Encouraged to Vote FOR the Merger with Portman Ridge Finance Corporation ("PTMN") NEW YORK, May 8, 2025 – Logan Ridge Finance Corporation ("Logan Ridge", "LRFC", the "Company", "we", "us" or "our") (Nasdaq: LRFC) announced today its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights Subsequent Events • On May 7, ...

Reports Solid First Quarter Results with Net Investment Income of $0.35 Per Share and a Net Asset Value of $29.66 Per Share Declared a Distribution of $0.36 Per Share for the Second Quarter of 2025 Successfully Exited its Equity Investment in GA Communications, Inc., Further Reducing the Company’s Non-Yielding Equity Portfolio Investors are Encouraged to Vote FOR the Merger with Portman Ridge Finance Corporation (“PTMN”) NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“Logan Ri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 ¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 814-01022 Logan Ridge Finance Corporation (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Maryland 90-0945675 (I.R.S. Employer Identificatio ...

Call Scheduled for 11:00 am ET on Friday, May 9, 2025NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (“LRFC,” “Logan Ridge” or the “Company”) to release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The Company will host a conference call on Friday, May 9, 2025, at 11:00 a.m. ET to discuss these results. By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the s ...

Financial Data and Key Metrics Changes - In 2024, Logan Ridge achieved the highest total investment income and net investment income in its history, amounting to $20.9 million and $4.2 million respectively, with a net investment income per share of $1.56 [6] - For Q4 2024, the company generated $5.4 million in investment income, an increase of $0.3 million from Q3 2024 [18] - Net investment income for Q4 was $1.5 million or $0.56 per share, up by $0.5 million or $0.19 per share from the previous quarter [20] - The net asset value as of December 31, 2024, was $85.1 million, a decrease of $1.2 million or 1.4% from the prior quarter [20] Business Line Data and Key Metrics Changes - The fair value of Logan's portfolio as of December 31, 2024, was approximately $172.3 million, with exposure to 59 portfolio companies, compared to $75.6 million with the same number of companies in the prior quarter [13] - The debt investment portfolio represented 83.3% of the total portfolio at fair value, with a weighted average annualized yield of approximately 10.7% [15] - The equity portfolio accounted for 13.4% and 13.8% of the portfolio on a cost and fair value basis respectively [16] Market Data and Key Metrics Changes - The company ended 2024 with no new non-accruals during Q4, maintaining stability in its investment portfolio [8] - As of December 31, 2024, four debt investments across three portfolio companies were on non-accrual status, with an aggregate amortized cost of $17.2 million and fair value of $7.9 million [16] Company Strategy and Development Direction - The company is focused on rotating out of its legacy equity portfolio, which has been a central part of its turnaround strategy [7] - The merger with Portman Ridge Finance Corporation is expected to provide greater scale, improved operating efficiencies, and increased trading volume, creating incremental value for shareholders [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in remaining active in the market with a healthy deployment pipeline and a disciplined investment strategy [11] - The board approved a dividend of $0.36 per share for Q4 2024, remaining flat compared to the prior quarter, reflecting strong financial performance [11] Other Important Information - The company successfully amended and extended its revolving credit facility with KeyBanc, reducing financing costs and increasing financial flexibility [8] - As of December 31, 2024, the company had $15 million in cash and cash equivalents, along with $26.2 million of unused borrowing capacity available for new investments [21] Q&A Session Summary Question: Will the Logan portfolio be subsumed into Portman Ridge or will there be further reduction in equity exposure? - Management indicated that the merger will be a straightforward blending of portfolios, with a continued focus on reducing equity exposure [26][28] Question: Will there be significant overlap in board members post-merger? - All Logan board members will overlap with Portman, effectively eliminating the need for dual director duties [33] Question: Is there consideration for board member compensation to be purely in stock? - Management noted that there has been no discussion on this matter, and there are regulatory constraints that may prevent such compensation [35][36]

Logan Ridge Finance Corporation (NASDAQ:LRFC) Q4 2024 Earnings Conference Call March 14, 2025 11:30 AM ET Company Participants Ted Goldthorpe - Chief Executive Officer, President and Director Brandon Satoren - Chief Financial Officer Patrick Schafer - Chief Investment Officer Conference Call Participants Christopher Nolan - Ladenburg Thalmann Operator Good morning, and welcome to Logan Ridge Finance Corporation's fourth quarter and full year ended December 31, 2024, earnings conference call. An earnings pre ...

Q4 and Full Year 2024 Earnings Presentation LRFCTM March 14, 2025 Important Information Forward-looking statements relate to future events or our future financial performance and include, but are not limited to, projected financial performance, expected development of the business, plans and expectations about future investments, our contractual arrangements and relationships with third parties, the ability of our portfolio companies to achieve their objectives, the ability of the Company's investment advis ...

Investment Income - Total investment income for Q4 2024 was $5.4 million, up from $5.1 million in Q3 2024 and $4.4 million in Q4 2023[6] - Net investment income for Q4 2024 increased to $1.5 million, or $0.56 per share, compared to $1.0 million, or $0.37 per share in Q3 2024, and $0.6 million, or $0.22 per share in Q4 2023[6] - Total investment income for the full year 2024 was $20.9 million, an increase of $0.7 million from $20.2 million in 2023[15] - Net investment income for the full year 2024 was $4.2 million, or $1.56 per share, compared to $3.8 million, or $1.43 per share in 2023[15] - Total investment income for the year ended December 31, 2024, was $20,916,000, an increase of 3.7% compared to $20,177,000 in 2023[33] - Net investment income rose to $4,180,000 in 2024, compared to $3,847,000 in 2023, marking an increase of 8.7%[33] - Interest income from non-control/non-affiliate investments was $17,186,000 in 2024, down from $18,536,000 in 2023, a decrease of 7.3%[33] - The company experienced a net realized gain on investments of $8,545,000 in 2024, compared to a loss of $16,393,000 in 2023, indicating a significant recovery in investment performance[33] Asset and Liability Management - Net asset value as of December 31, 2024, was $32.04 per share, down from $32.31 per share as of September 30, 2024, and $33.34 per share as of December 31, 2023[6] - As of December 31, 2024, total assets decreased to $192,669,000 from $197,088,000 in 2023, representing a decline of approximately 2.1%[31] - Total liabilities slightly decreased to $107,570,000 in 2024 from $107,913,000 in 2023, a reduction of about 0.3%[31] Shareholder Returns - Total stockholder distributions for 2024 amounted to $1.34 per share, compared to $0.96 per share in 2023[7] - The company approved a dividend of $0.36 per share for Q1 2025, representing a 13% increase from the $0.32 per share distributed in Q1 2024[11] Investment Activity - The company made approximately $38.3 million in investments and had $55.0 million in repayments and sales of investments for the full year 2024, resulting in net repayments of approximately $16.7 million[15] - The company exited its equity investment in GA Communications, Inc., further reducing its non-yielding equity portfolio[3] Strategic Initiatives - A merger agreement with Portman Ridge Finance Corporation aims to enhance shareholder value through greater scale and improved operational efficiencies[10] - The company plans to hold a conference call on March 14, 2025, to discuss the fourth quarter and full year 2024 financial results[19] Operational Performance - The company reported a net decrease in net assets resulting from operations of $29,000 for the year ended December 31, 2024, compared to a loss of $2,482,000 in 2023[33] - The company’s cash and cash equivalents increased significantly to $15,015,000 in 2024 from $3,893,000 in 2023, an increase of approximately 285.5%[31]