Portman Ridge Finance Corporation Announces Anticipated Quarterly Distribution Schedule
2018 Distribution Schedule:
| Declaration Date | Record Date | Payable Date | |
| 1 | December (2017) | January (2018) | January (2018) |
| 2 | March | April | April |
| 3 | June | July | July |
| 4 | September | October | October |
2019 Distribution Schedule:
| Declaration Date | Record Date | Payable Date | |
| 1 | December (2018) | January (2019) | January (2019) |
| 2 | March | April | April |
| 3 | August | August | August |
| 4 | November | November | November |
2020 Forward Distribution Schedule:
| Declaration Date | Record Date | Payable Date | |
| 1 | February | February | February |
| 2 | May | May | May |
| 3 | August | August | August |
| 4 | November | November | November |
The Company intends to continue to make distributions on a quarterly basis to stockholders out of assets legally available for distribution. All distributions will be paid at the discretion of the Company’s Board of Directors and will depend on the Company’s earnings, financial condition, maintenance of its status as a “regulated investment company” under Subchapter M of the Internal Revenue Code, compliance with applicable business development company regulations and such other factors as the Company’s Board of Directors may deem relevant from time to time. The Company cannot guarantee that it will pay distributions to stockholders in the future.
About
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Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The matters discussed in this press release, as well as in future oral and written statements by management of
Forward-looking statements relate to future events or our future financial performance and include, but are not limited to, expected distributions, including amounts and dates, projected financial performance, expected development of the business, plans and expectations about future investments and the future liquidity of the Company. We generally identify forward-looking statements by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," “outlook”, "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements.
Important assumptions include our ability to originate new investments, and achieve certain margins and levels of profitability, the availability of additional capital, and the ability to maintain certain debt to asset ratios. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this press release should not be regarded as a representation that such plans, estimates, expectations or objectives will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) uncertainty of the expected financial performance of the Company; (2) failure to realize the anticipated benefits of the Company’s change to an external management structure; (3) the ability of the Company and/or
Contact
(212) 891-5007
info@portmanridge.com
Source:
Source: Portman Ridge Finance Corporation