Logan Ridge Finance Corporation ("Logan Ridge", "Logan", "LRFC", "Company", "we", "us" or "our") (NASDAQ:LRFC) announced today that it will delay the investor conference call previously scheduled for 10:00 am ET on Thursday, March 14, 2024. Additional time is required to complete the year-end financial statements due to a tax-related item that is not expected to impact the Company's net asset value or net income. The Company will issue a separate press release when a rescheduled date and time has been determined
Preliminary, Unaudited Fourth Quarter 2023 Financial Information
- Net Investment Income ("NII") of $0.6 million or $0.22 per share, inclusive of a non-recurring charge of $0.6 million, or $0.22 per share, reversing previously accrued income on a portfolio company placed on non-accrual during the fourth quarter.
- Net asset value decreased to $33.34 per share as of December 31, 2023 from $34.78 per share in the prior quarter.
- Our asset coverage ratio as of December 31, 2023 was 184%