Portman Ridge Finance: Complicated 15% Dividend At An 18.5% Discount To NAV
Portman Ridge(PTMN) Seeking Alpha·2024-01-07 16:19
poco_bw/iStock via Getty Images Portfolio Composition (1) Portman Ridge Finance (NASDAQ:PTMN) is a small externally managed business development company investing in middle market businesses using a range of financing structures from first lien loans to subordinated debt and equity co-investment. The BDC is broadly sector-neutral with investments in tech firms, food and beverage businesses, and pharmaceuticals. A fully covered dividend distribution, stable net asset value growth, and strong underwriting qua ...