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Day: November 5, 2019

Portman Ridge Finance Corporation Announces Quarterly Distribution

NEW YORK, Nov. 05, 2019 (GLOBE NEWSWIRE) — Today the Board of Directors of Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) approved a cash distribution for of $0.06 per share of common stock.  The distribution is payable on November 29, 2019 to stockholders of record at the close of business as of November 15, 2019.The Board evaluates a number of factors in determining the amount of the quarterly distribution, including the amount required to be distributed in order for the Company to maintain its status as a “regulated investment company” under the Internal Revenue Code.We have adopted a Dividend Reinvestment Plan (“DRIP”) that provides for reinvestment of our distributions on behalf of our stockholders, unless a stockholder elects to receive cash. As a result, if we declare a cash distribution, our...

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Arctic Glacier Income Fund Announces Distribution to Unitholders

WINNIPEG, Manitoba, Nov. 05, 2019 (GLOBE NEWSWIRE) — Arctic Glacier Income Fund (CSE:AG.UN) (the “Fund”) announced today that unitholders of the Fund will be entitled to receive a distribution (the “Interim Distribution”) of CAD$0.042818335 per unit of the Fund, representing an aggregate value of $15,000,000, payable on December 6, 2019 to unitholders of record on November 15, 2019. As of the opening of trading on November 14, 2019, the Units will trade on an ex-dividend basis (i.e., any seller of units will retain their right to the Interim Distribution and the purchaser thereof will not be entitled to the Interim Distribution).The Interim Distribution will be made pursuant to the Plan of Compromise or Arrangement of, inter alia, the Fund dated May 21, 2014, as amended (the “Plan”). Pursuant to the Plan, Alvarez & Marsal Canada...

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