Logan Ridge Finance Q4 Preliminary Results: Net Investment Income Of $0.6M Or $0.22/Share, And Net Asset Value $33.34 Per Share Down From $34.78 Per Share QoQ.

Author: Benzinga Newsdesk | March 13, 2024 02:11am

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%

Posted In: LRFC