Mount Logan Capital Inc. Announces June 2020 Interim Results; Declares Shareholder Distribution
Toronto, Ontario--(Newsfile Corp. - August 7, 2020) - Mount Logan Capital Inc. (NEO: MLC) ("Mount Logan," "our," "we," or the "Company") announces its financial results for the second quarter ended June 30, 2020. All amounts are stated in United States dollars, unless otherwise indicated.Second Quarter 2020 Highlights:Achieved quarterly investment income of $0.9 million for the three months ended June 30, 2020As of June 30, 2020, the fair value of the Company's portfolio was $58.3 million[1],...
2020-08-07 5:00 PM EDT
Mount Logan Capital Inc. Files Preliminary Short Form Prospectus in Connection with Proposed Equity Offering of up to $25,000,000
Toronto, Ontario--(Newsfile Corp. - August 4, 2020) - Mount Logan Capital Inc. (NEO: MLC) (the "Company") announced today that it has filed and obtained a receipt for a preliminary short form prospectus (the "Prospectus") in each of the provinces of Canada other than Quebec, with respect to an offering (the "Offering") of up to $25,000,000 of common shares of the Company (the "Offered Shares"). The Offering is being conducted on a "best efforts" agency basis under the terms of...
2020-08-04 7:00 AM EDT
Mount Logan Capital Inc. Reports Results of Election of Directors
Toronto, Ontario--(Newsfile Corp. - June 29, 2020) - Mount Logan Capital Inc. (NEO: MLC) ("Mount Logan," "our," "we," or the "Company") announced that at the annual meeting of shareholders held on June 26, 2020 (the "Meeting"), each of the five nominees listed in the management information circular dated May 26, 2020 were elected as directors of the Company. A total of 8,878,314 common shares or 41.86% of Mount Logan's issued and outstanding common shares (the "Shares") were voted in...
2020-06-29 7:00 AM EDT
Mount Logan Capital Inc. Enters into a Definitive Purchase Agreement Related to the Management Contract of an Interval Fund with $240 million of Assets Under Management
Toronto, Ontario--(Newsfile Corp. - June 22, 2020) - Mount Logan Capital Inc. (NEO: MLC) ("Mount Logan," "our," "we," or the "Company") together with Sierra Crest Investment Management LLC ("SCIM", an affiliate of BC Partners Advisors L.P.) today announced that they have entered into a definitive agreement (the "Purchase Agreement"), subject to certain approvals, for the acquisition of certain assets from Resource America, Inc. ("Resource" or the "Seller") and for SCIM to become the...
2020-06-22 7:00 AM EDT
Mount Logan Capital Inc. Letter to Shareholders
Toronto, Ontario--(Newsfile Corp. - May 11, 2020) - In response to the continued uncertainty and unprecedented impact that the COVID-19 global pandemic is having on both the financial markets and economies around the world, Mount Logan Capital Inc. (NEO: MLC) ("Mount Logan" or the "Company") is providing an update to all of our stakeholders. As always, but especially in times like these, we hope all our stakeholders, including shareholders, lenders, portfolio companies, and advisors, are...
2020-05-11 6:15 PM EDT
Mount Logan Capital Inc. Announces March 2020 Interim Results; Declares Shareholder Distribution
Toronto, Ontario--(Newsfile Corp. - May 11, 2020) - Mount Logan Capital Inc. (NEO: MLC) ("Mount Logan," "our," "we," or the "Company") announces its financial results for the three months ended March 31, 2020. All amounts are stated in United States dollars, unless otherwise indicated.First quarter 2020 highlights:Achieved quarterly investment income of $1.1 million for the three months ended March 31, 2020As of March 31, 2020, the fair value of the Company's portfolio was $54.7 million1,...
2020-05-11 5:01 PM EDT