Logan Ridge Finance Corporation Announces the Successful Exit of its Largest Equity Investment, Nth Degree Investment Group, LLC
Logan Ridge Finance (LRFC) GlobeNewswire News Room·2024-09-13 05:47
NEW YORK, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (Nasdaq: LRFC) (the "Company") today announced that as of September 10, 2024, it has exited its largest equity investment, Nth Degree Investment Group, LLC ("Nth Degree"), at or above its previously reported fair value as of June 30, 2024. Ted Goldthorpe, Chief Executive Officer and President of Logan Ridge, said, "The rotation out of the legacy equity portfolio has been a key component of the turnaround strategy for Logan Ridge si ...