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|Day's Range||1.3900 - 1.4500|
|52 Week Range||0.7500 - 2.3900|
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Portman Ridge Finance Corporation (Nasdaq: PTMN) (the "Company" or "PTMN") and Garrison Capital Inc. (Nasdaq: GARS) ("GARS") announced today that each company has obtained stockholder approval for the previously announced proposed merger of the two companies (the "Merger") at their respective special meetings held on October 19, 2020.
Portman Ridge Finance Corporation (Nasdaq: PTMN) (the "Company" or "Portman Ridge"), a business development company, today announced that its Board of Directors approved a cash distribution of $0.06 per share of common stock for the fiscal quarter ended September 30, 2020, payable on November 27, 2020, to all shareholders of record at the close of business on October 26, 2020. This otherwise regularly scheduled distribution is being declared early for the third quarter of fiscal 2020 in anticipation of the closing of the previously announced merger with Garrison Capital Inc. Portman Ridge expects that it will resume its regular schedule of quarterly distributions in February 2021.
Portman Ridge Finance Corporation (NASDAQ:PTMN) shareholders should be happy to see the share price up 11% in the last...