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Portman Ridge Finance Corporation (PTMN)

BDC - Debt Focused BDC

Data as of Sept. 29, 2023
Market Price $19.25 (+ $0.06)
NAV (June 30, 2023) $22.54 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -14.60% (+0.27%)
Fund Info
Inception Dec. 12, 2006
Sponsor Sierra Crest Investment Management
Website https://www.portmanrid...
Phone 212-455-8300
Location New York
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 9,508,123
Total Assets (Reported: June 30, 2023) $557M
Estimated Total Assets $525M
Net Assets $214M
Market Cap $183M
Portfolio Turnover 28.20%
Debt-to-Equity 1.5331
Total Leverage 59.15%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 20.95%
Non Lev Exp Ratio 9.55%
Gross Asset Expense Ratio 8.41%
Gross Asset Non Lev Exp Ratio 3.83%
Rel Lev Cost 7.73%
Discount Data
Average Discount (3 Yr) -19.75%
Discount Low(3 Yr) -55.79%
Discount High(3 Yr) -3.47%
Discount Rel Range (3 Yr) 78.73%
Comp Discount -8.61
Discount St Dev (1Yr) 5.04
Z-Stat (6mo) -0.35
Z-Stat (1Yr) -0.25
Z-Stat (3Yr) 0.50
Comp Z-Stat (6mo) -0.83
Comp Z-Stat (3Yr) 0.39
Distribution Data
Market Yield 14.34%
Income Yield 14.34%
Lev Adj NAV Yield 7.69%
Av Yield on Debt Investments 11.30
Distribution Frequency Q
Current Distribution $0.690
Current Income $0.690
Ex-Date 8/21/23
Payable Date 8/31/23
Div Growth (3yr) 15.00%
Dividend Change 1.5% on 5/9/23
Expected Div 11/9/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $442
Avg Volume 30 day 25,238
Avg Volume 90 day 22,961
Volume Trend 9.92%
Comp Volume Trend 4.18%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): GAIN 61.0%
Price St Dev (1Yr) 20.9%
NAV St Dev (1Yr) 9.0%
Earnings / Share (6/30/23) $0.830
Adj Core NII Coverage 114.93%
1 Yr Avg NII Coverage 122.11%
1 Yr Avg Adj Core NII Coverage 120.78%
NII Trend 6.91%
Adj Core NII Trend 4.62%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 0.99%
% Loans with Libor Floor 77%

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from 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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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