Williame Alvarez Jr News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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NEW YORK, May 25, 2021 (GLOBE NEWSWIRE) Harvest Capital Credit Corporation (NASDAQ:HCAP) ( HCAP ) and Portman Ridge Finance Corporation (NASDAQ:PTMN) ( PTMN ) today announced that the deadline (the Election Deadline ) for HCAP s stockholders of record to elect to receive cash consideration in lieu of shares of PTMN common stock in connection with the pending merger of PTMN and HCAP (the Merger ) is 5:00 p.m., Eastern Time, on June 2, 2021.  The Election Deadline is based on PTMN s and HCAP s expectation that HCAP s special meeting of stockholders to approve matters relating to the Merger will be held as scheduled on June 7, 2021.
The terms of the proposed Merger are set forth in the Agreement and Plan of Merger (the Merger Agreement ), dated as of December 23, 2020, by and among PTMN, Rye Acquisition Sub Inc., a direct wholly-owned subsidiary of PTMN, HCAP, and Sierra Crest Investment Management LLC, the external investment adviser to PTMN ( Sierra Crest ....

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