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Portman Ridge Finance Corporation (PTMN)

BDC - Debt Focused BDC

Data as of Dec. 9, 2024
Current
Market Price $16.76 (+ $0.16)
NAV (Sept. 30, 2024) $20.36 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -17.68% (+0.79%)
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 9,212,979
Total Assets (Reported: Sept. 30, 2024) $463M
Estimated Total Assets $438M
Net Assets $188M
Market Cap $154M
Portfolio Turnover 15.52%
Debt-to-Equity 1.4093
Total Leverage 57.13%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 18.68%
Non Lev Exp Ratio 8.48%
Gross Asset Expense Ratio 8.09%
Gross Asset Non Lev Exp Ratio 3.67%
Rel Lev Cost 7.73%
Discount Data
Average Discount (3 Yr) -15.20%
Discount Low(3 Yr) -26.93%
Discount High(3 Yr) -3.47%
Discount Rel Range (3 Yr) 39.42%
Comp Discount -15.10
Discount St Dev (1Yr) 4.12
Z-Stat
Z-Stat (6mo) -1.98
Z-Stat (1Yr) -0.87
Z-Stat (3Yr) -0.50
Comp Z-Stat (6mo) -2.28
Comp Z-Stat (3Yr) -0.94
Distribution Data
Market Yield 16.47%
Income Yield 16.47%
Lev Adj NAV Yield 8.63%
Av Yield on Debt Investments 11.90
Distribution Frequency Q
Current Distribution $0.690
Current Income $0.690
Ex-Date 11/19/24
Payable Date 11/29/24
Div Growth (3yr) 11.29%
Dividend Change 1.5% on 5/9/23
Expected Div 3/12/25
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $860
Avg Volume 30 day 82,945
Avg Volume 90 day 51,341
Volume Trend 61.56%
Comp Volume Trend 47.95%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
2.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
9.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
29.0%
Most Correlated Peer (Mk Pr): BCSF 42.0%
Price St Dev (1Yr) 18.0%
NAV St Dev (1Yr) 7.3%
Earnings
Earnings / Share (9/30/24) $0.583
Adj Core NII Coverage 84.10%
1 Yr Avg NII Coverage 111.99%
1 Yr Avg Adj Core NII Coverage 111.28%
NII Trend -33.53%
Adj Core NII Trend -33.90%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.52
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.25
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.43
Portfolio Data
Avg Libor Floor % 1.06%
% Loans with Libor Floor 77%

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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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