04:35 PM EDT, 06/27/2025 (MT Newswires) -- Portman Ridge Finance ( PTMN ) said late Friday that its shareholders voted in favor of Logan Ridge Finance's ( LRFC ) merger with and into the investment firm.

The merger is expected to be completed on July 15, subject to customary closing conditions, the company said.

Under the merger agreement, Logan Ridge shareholders will receive 1.5 newly issued shares of Portman Ridge in exchange for each share of Logan Ridge held, it added.

Upon closing, Portman Ridge will rebrand and operate as BCP Investment under the new ticker BCIC, according to a company statement.