Logan Ridge Finance to buy back $5M worth stock under new trading plan

Mar. 23, 2023 5:08 PM ETLogan Ridge Finance Corporation (LRFC)By: Ahmed Farhath, SA News Editor
  • Logan Ridge Finance (NASDAQ:LRFC) said Thursday it entered into a new stock trading plan to facilitate repurchases of up to $5 million of its shares.
  • Repurchases may be made in the open market at prevailing market prices from time to time as market conditions warrant.
  • All repurchases will be implemented in accordance with the applicable requirements of rules 10b5-1 and 10b-18 under the U.S. Securities Exchange Act of 1934.
  • An independent U.S. broker-dealer is acting as the company’s agent to purchase its shares on pre-arranged terms.
  • Press Release.

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