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TORONTO, May 19, 2021 (GLOBE NEWSWIRE) Mount Logan Capital Inc. (NEO: MLC) ( Mount Logan, our, we, or the Company ) announces that it has entered into a non-binding agreement (the Purchase Agreement ) for the acquisition of 100% of the equity of Ability Insurance Company ( Ability ) for a purchase price of $20 million (the Purchase Consideration ) to be satisfied through the issuance of an unsecured promissory note in the amount of $15 million and $5 million of common shares of Mount Logan (the Transaction ). Mount Logan s wholly-owned subsidiary, Mount Logan Management LLC ( ML Management ) is proposed to manage a meaningful portion of Ability s assets, significantly increasing ML Management s assets under management ( AUM ).
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TORONTO, April 21, 2021 (GLOBE NEWSWIRE) Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “MLC,” “our,” “we,” or the “Company”) announces that it and its wholly-owned subsidiary, Mount Logan Management LLC (“ML Management”), have entered into a definitive agreement (the “Agreement”) for the acquisition by ML Management of certain assets from Capitala Investment Advisors, LLC (“CIA”) and whereby ML Management will become the investment adviser of Capitala Finance Corp. (“Capitala”). Capitala is a U.S. publicly traded business development company (“BDC”) traded under NASDAQ:CPTA with approximately $328 million of total assets as of December 31, 2020. Capitala primarily invests in first lien loans and, to a lesser extent, second lien loans and equity securities issued by U.S. middle market companies.
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