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Portman Ridge Finance Corporation (PTMN)

BDC - Debt Focused BDC

Data as of Aug. 10, 2022
Current
Market Price $24.00 (- $0.13)
NAV (June 30, 2022) $27.26 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -11.96% (-0.48%)
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 9,634,870
Total Assets (Reported: June 30, 2022) $652M
Estimated Total Assets $585M
Net Assets $263M
Market Cap $231M
Portfolio Turnover 30.00%
Debt-to-Equity 1.3740
Total Leverage 55.07%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 14.06%
Non Lev Exp Ratio 8.32%
Gross Asset Expense Ratio 5.83%
Gross Asset Non Lev Exp Ratio 3.45%
Rel Lev Cost 4.33%
Discount Data
Average Discount (3 Yr) -32.57%
Discount Low(3 Yr) -77.94%
Discount High(3 Yr) -10.56%
Discount Rel Range 97.93%
Comp Discount -7.19
Discount St Dev (1Yr) 2.86
Z-Stat
Z-Stat (6mo) 1.45
Z-Stat (1Yr) 1.75
Z-Stat (3Yr) 1.25
Comp Z-Stat (6mo) 1.35
Comp Z-Stat (3Yr) 0.95
Distribution Data
Market Yield 10.50%
Income Yield 10.50%
Lev Adj NAV Yield 5.96%
Av Yield on Debt Investments 10.25
Distribution Frequency Q
Current Distribution $0.630
Current Income $0.630
Ex-Date 5/23/22
Payable Date 7/7/22
Div Growth (3yr) -37.00%
Dividend Change 1.6% on 3/10/22
Expected Div 8/5/22
RoC (1yr) 0.00%
RoC (3yr) 15.84%
Volume & Liquidity
Average Daily $ (K) $828
Avg Volume 30 day 22,138
Avg Volume 90 day 34,493
Volume Trend -35.82%
Comp Volume Trend -13.00%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
25.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
56.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
53.0%
Most Correlated Peer (Mk Pr): PFLT 60.0%
Price St Dev (1Yr) 17.3%
NAV St Dev (1Yr) 6.1%
Earnings
Earnings / Share (6/30/22) $0.573
Adj Core NII Coverage 90.97%
1 Yr Avg NII Coverage 149.39%
1 Yr Avg Adj Core NII Coverage 149.39%
NII Trend -41.90%
Adj Core NII Trend -41.90%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.43
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.65
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.56
Portfolio Data
Avg Libor Floor % 0.97%
% 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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