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Logan Ridge Finance ( (LRFC) ) has issued an update.
Logan Ridge Finance Corporation has successfully completed its strategic exit from Nth Degree Investment Group, LLC, marking a pivotal moment in the firm’s turnaround strategy. The sale of this major equity investment will allow for the reinvestment of proceeds into interest-earning assets, which is anticipated to enhance the long-term profitability of Logan Ridge’s portfolio. The company focuses on investing in lower middle-market companies and is committed to expanding its portfolio within well-established industries with minimal operating risk.
For an in-depth examination of LRFC stock, go to TipRanks’ Stock Analysis page.