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NEW YORK--(BUSINESS WIRE)--Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) will release its financial results for the quarter ended September 30, 2020 on Monday, November 9th, 2020 after the markets close. The Company will host a conference call on Tuesday, November 10th, 2020 at 9:00 a.m. Eastern Time to discuss these results. The Company will also discuss the previously announced completion of the merger of the Company and Garrison Capital Inc. (formerly Nasdaq: GARS) during this call. By Phone: To access the call, please dial (866) 757-5630 approximately 10 minutes prior to the start of the conference call and use the conference ID 4299202.   A rep

NEW YORK--(BUSINESS WIRE)--Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company” or “PTMN”) and Garrison Capital Inc. (formerly Nasdaq: GARS) (“GARS”) announced today the closing (the “Closing”) of the previously announced transaction under which GARS will be merged into PTMN. As a result of the Closing, October 28, 2020 has been set as the record date (the “Record Date”) for the GARS stockholders’ right to receive the $5.0 million cash payment from an affiliate of BC Partners Advisors L.P. (“BC Partners”) as well as the merger consideration composed of (i) approximately $19.1 million in cash from PTMN and (ii) approximately 30.8 million shares of PTMN common stock. Accor

NEW YORK--(BUSINESS WIRE)--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. Stockholders voted overwhelmingly in favor of the proposed transaction as over 95% of PTMN stockholders and almost 99% of GARS stockholders who voted at the meetings voted in favor of the Merger. The closing of the Merger is anticipated to take place on or about October 28, 2020, subject to satisfaction of customary closin

NEW YORK, Oct. 19, 2020 (GLOBE NEWSWIRE) -- 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. Stockholders voted overwhelmingly in favor of the proposed transaction as over 95% of PTMN stockholders and almost 99% of GARS stockholders who voted at the meetings voted in favor of the Merger. The closing of the Merger is anticipated to take place on or about October 28, 2020, subject to satisfaction of customar

NEW YORK--(BUSINESS WIRE)--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 distri