The following is a summary of the Logan Ridge Finance Corporation (LRFC) Q4 2023 Earnings Call Transcript:

Financial Performance:

• Logan Ridge Finance Corporation reported a net investment income for the year ended December 31, 2023, of $3.8 million or $1.43 per share, representing an increase of $5 million compared to a net investment loss of $1.2 million or $0.43 a share for the previous year.

• The quarterly distribution increased by 7%, making it $0.32 per share for the first quarter of 2024. This is the fourth consecutive quarterly distribution increase - a 77.8% increase from the previous year.

Business Progress:

• Management indicated optimism for 2024 boosted by increased M&A activity and private credit deal activity.

• The portfolio's fair value as of December 31, 2023, was approximately $189.7 million with exposure to 60 portfolio companies.

• Logan Ridge plans to continue strategically deploying capital into new borrowers in 2024.

More details: Logan Ridge Finance Corp IR

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