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Portman Ridge Finance Corporation (PTMN)

BDC - Debt Focused BDC

Data as of Nov. 30, 2022
Current
Market Price $22.21 (+ $0.21)
NAV (Sept. 30, 2022) $26.18 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -15.16% (+0.80%)
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
Objective: Current income and capital appreciation; debt and equity-related investments
Capital & Leverage
Outstanding Shares 9,608,913
Total Assets (Reported: Sept. 30, 2022) $629M
Estimated Total Assets $596M
Net Assets $252M
Market Cap $213M
Portfolio Turnover 32.50%
Debt-to-Equity 1.4461
Total Leverage 57.79%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 15.97%
Non Lev Exp Ratio 8.94%
Gross Asset Expense Ratio 6.75%
Gross Asset Non Lev Exp Ratio 3.78%
Rel Lev Cost 5.14%
Discount Data
Average Discount (3 Yr) -30.59%
Discount Low(3 Yr) -77.94%
Discount High(3 Yr) -10.56%
Discount Rel Range (3 Yr) 93.17%
Comp Discount -6.32
Discount St Dev (1Yr) 3.56
Z-Stat
Z-Stat (6mo) 0.63
Z-Stat (1Yr) 0.66
Z-Stat (3Yr) 0.92
Comp Z-Stat (6mo) 0.22
Comp Z-Stat (3Yr) 0.77
Distribution Data
Market Yield 12.07%
Income Yield 12.07%
Lev Adj NAV Yield 6.49%
Av Yield on Debt Investments 10.00
Distribution Frequency Q
Current Distribution $0.670
Current Income $0.670
Ex-Date 11/22/22
Payable Date 12/13/22
Div Growth (3yr) 11.67%
Dividend Change 6.3% on 11/8/22
Expected Div 2/10/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $476
Avg Volume 30 day 27,399
Avg Volume 90 day 21,422
Volume Trend 27.90%
Comp Volume Trend 28.48%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
37.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
57.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
54.0%
Most Correlated Peer (Mk Pr): CCAP 61.0%
Price St Dev (1Yr) 18.7%
NAV St Dev (1Yr) 7.1%
Earnings
Earnings / Share (9/30/22) $0.873
Adj Core NII Coverage 130.35%
1 Yr Avg NII Coverage 121.35%
1 Yr Avg Adj Core NII Coverage 121.35%
NII Trend -13.05%
Adj Core NII Trend -13.05%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.35
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.53
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.47
Portfolio Data
Avg Libor Floor % 0.97%
% Loans with Libor Floor 71%

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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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