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Mount Logan Capital Inc. Completes Previously Announced Acquisition of Ability Insurance Company and Transaction Related Issuance of Shares

Mount Logan Capital Inc. announces that it has completed its previously announced acquisition of 100% of the equity of Ability Insurance Company for a purchase price of $20 million comprised of the issuance of an unsecured promissory note in the amount of $15 million and $5 million of common shares of Mount Logan. The transaction has been approved by both the. ....

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Capitala Finance: Q1 Earnings Snapshot


CHARLOTTE, N.C. (AP) — Capitala Finance Corp. (CPTA) on Monday reported first-quarter net income of $12.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Charlotte, North Carolina-based company said it had profit of $4.04. Earnings, adjusted for investment gains, came to 1 cent per share.
The business development company posted revenue of $4.9 million in the period.
Capitala Finance shares have climbed 37% since the beginning of the year.
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