05:31 PM EDT, 06/03/2025 (MT Newswires) -- Portman Ridge Finance ( PTMN ) and Logan Ridge Finance ( LRFC ) said late Tuesday that proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have recommended stockholders vote in favor of their proposed merger.

The firms advised Logan Ridge shareholders to support the merger with Portman Ridge, and also urged Portman Ridge stockholders to back related proposals, ahead of special meetings scheduled for Friday.

Both companies encouraged shareholders to participate in the vote and follow the instructions outlined in the joint proxy statement, according to a joint statement.