TURN - Earnings announcements

Declared quarterly distribution of C$0.02 per common share in the third quarter of 2025, the twenty-fourth consecutive quarter of a shareholder distribution Asset management segment generated $8.4 million in Fee Related Earnings ("FRE") for the trailing twelve months ended June 30, 2025, a 28% increase over the prior year period Generated $4.6 million of Spread Related Earnings ("SRE") for the trailing twelve months ended June 30, 2025, which reflects 0.7% of spread earnings on Ability's assets Mount Logan and 180 Degree Capital (NASDAQ:TURN) filed definitive proxy materials for the proposed Business Combination Mount Logan expects to hold a special meeting of its shareholders o

Declared quarterly distribution of C$0.02 per common share in the second quarter of 2025, the twenty-third consecutive quarter of a shareholder distribution Asset management segment generated $8.1 million in Fee Related Earnings ("FRE") for the trailing twelve months ended March 31, 2025, a 25% increase over the prior year period Generated $7.8 million of Spread Related Earnings ("SRE") for the trailing twelve months ended March 31, 2025, which reflects 1.3% of spread earnings on Ability's assets During January 2025, the Company announced it entered into a definitive agreement to combine with 180 Degree Capital Corp. (NASDAQ:TURN) in an all-stock transaction. The surviving entity is expe

Generated $15.3 million of insurance segment Spread Related Earnings ("SRE") for the year ended December 31, 2024, a significant increase over the prior year period Asset management segment generated $7.5 million in Fee Related Earnings ("FRE") for the year ended December 31, 2024, a 36% increase over the prior year, and within our previously stated 2024 FRE guidance range During the quarter, the Company completed an amendment to its existing corporate credit facility, which included an upsize to support key business initiatives and introduced a pricing step-down mechanism During January 2025, the Company announced it entered into a definitive agreement to combine with 180 Degree Capital

180 Degree Capital's track record of investing in public markets and its deep network of relationships are expected to help fuel expansion of Mount Logan's bespoke private credit solutions into publicly traded companies Strong pro forma balance sheet post transaction that will support investment into what the parties believe is a highly actionable pipeline of organic and inorganic growth opportunities across both asset management and insurance solutions businesses Ted Goldthorpe will be CEO of the combined company, which will operate as Mount Logan Capital Inc. The combined business is expected to pay quarterly dividends, subject to board approval Support secured from approximately 23%

180 Degree Capital Shareholders to Receive Full Net Asset Value ("NAV") at Closing in Stock of the Merged Company Support secured from approximately 20% of 180 Degree Capital and 23% of Mount Logan shareholders through voting agreements with additional indicative support from certain other shareholders Combined company will operate as Mount Logan Capital Inc. ("Mount Logan") with $2.4+ billion of Assets Under Management ("AUM") focused on the high-growth private credit market with the benefit of a wholly owned regulated insurance solutions business with $1.1 billion in total assets.Strong pro forma balance sheet post transaction that will support investment into what the parties believe is

MONTCLAIR, N.J., Nov. 14, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital" and the "Company"), today reported its financial results as of September 30, 2024, and noted additional developments from the fourth quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "While the first three quarters of 2024 have proven challenging for small and microcapitalization stocks on a relative basis and our holdings on an absolute basis, we believe that we are at an inflection point in the cycle where interest is returning to our investment universe, particularly for companies that

MONTCLAIR, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital") noted today that it expects to report a net asset value per share (NAV) of $4.40 as of September 30, 2024. It plans to report and discuss its full results from Q3 2024 and updates from Q4 2024 on a conference call that it plans to schedule for a day during the week of November 11, 2024. "While we look forward to issuing our full results for Q3 2024 in a few weeks, we thought it was important to provide a preliminary view to our NAV as of the end of Q3 2024," said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. "Our view is that 180 Degree Capital's current sh

MONTCLAIR, N.J., Aug. 19, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital" and the "Company"), today reported its financial results as of June 30, 2024, and noted additional developments from the third quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "Our portfolio holdings were not immune to the market turmoil that resumed in Q2 2024, particularly for small and microcapitalization stocks," said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. "Capital continues to flow out of small and microcapitalization stocks and into a small number of large

MONTCLAIR, N.J., Aug. 12, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital") will announce its second quarter 2024 financial results on Monday, August 19, 2024, shortly after the close of the public markets. It will host a conference call on Tuesday, August 20, 2024, at 9am Eastern Time to discuss these results and updates from Q3 2024.   This call will be hosted by Kevin M. Rendino and Daniel B. Wolfe, 180 Degree Capital's Chief Executive Officer and President, respectively. "I would like to thank Daniel and the 180 Degree Capital Board for their leadership and everyone for their concern and well wishes over the last couple of weeks," said Mr. Rendino.

MONTCLAIR, N.J., May 13, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital" and the "Company"), today reported its financial results as of March 31, 2024, and noted additional developments from the second quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "The first quarter of 2024 continued overall positive trends both in terms of increases of our net asset value per share ("NAV") and microcapitalization-focused indices," said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. "Our +4.7% gross total return in our public portfolio was the primary cont

MONTCLAIR, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) will announce its first quarter 2024 financial results on Monday, May 13, 2024, shortly after the close of the public markets. It will host a conference call on Tuesday, May 14, 2024, at 9am Eastern Time to discuss these results and updates from Q2 2024. The dial-in information for the call is noted below: U.S. Domestic Dial-In Number: (609) 746-1082 International Dial-In Numbers: https://d1io3yog0oux5.cloudfront.net/180degreecapital/files/International_dial_ins.pdf Passcode: 415049 Webcast: https://www.freeconferencecall.com/wall/180degreecapital Presentation materials along with a replay of the

MONTCLAIR, N.J., Feb. 20, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180 Degree Capital" and the "Company"), today reported its financial results as of December 31, 2023, and noted additional developments from the first quarter of 2024. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "The fourth quarter of 2023 was the start of what we believe will be a return to risk asset classes, including the microcapitalization stocks in which we invest," said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. "Our +6.9% gross total return in our public portfolio was the primary contribut

MONTCLAIR, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) will announce its fourth quarter 2023 financial results on Tuesday, February 20, 2024, shortly after the close of the public markets. It will host a conference call on Wednesday, February 21, 2024, at 9am Eastern Time to discuss these results and updates from Q1 2024. The dial-in information for the call is noted below: U.S. Domestic Dial-In Number: (609) 746-1082 International Dial-In Numbers: https://d1io3yog0oux5.cloudfront.net/180degreecapital/files/International_dial_ins.pdf Passcode: 415049 Webcast: https://www.freeconferencecall.com/wall/180degreecapital Presentation ma

MONTCLAIR, N.J., Nov. 13, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today announced a discount management program, reported its financial results as of September 30, 2023, and noted additional developments from the fourth quarter of 2023. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "The third quarter of 2023 was challenging for 180 and the public markets as a whole," said Kevin M. Rendino, Chief Executive Officer of 180. "While our public portfolio declined 12.8%, an additional decline in our largest legacy private portfolio company, AgBiome, LLC, due to financ

MONTCLAIR, N.J., Nov. 09, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) will announce its third quarter 2023 financial results on Monday, November 13, 2023, shortly after the close of the public markets. It will host a conference call on Tuesday, November 14, 2023, at 9am Eastern Time to discuss these results and updates from Q4 2023. The dial-in information for the call is noted below: U.S. Domestic Dial-In Number: (609) 746-1082 International Dial-In Numbers: https://d1io3yog0oux5.cloudfront.net/180degreecapital/files/International_dial_ins.pdf Passcode: 415049 Webcast: https://www.freeconferencecall.com/wall/180degreecapital

MONTCLAIR, N.J., Aug. 14, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported its financial results as of June 30, 2023, and additional developments from the third quarter of 2023. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "As noted in our release on July 20, 2023, our NAV as of the end of Q2 2023 was $6.22," said Kevin M. Rendino, Chief Executive Officer of 180. "We continue to believe there are a number of catalysts within our current portfolio companies that could lead to material increases in our NAV in the future. These include, but are not limited

MONTCLAIR, N.J., Aug. 10, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) will host a shareholder update call on Tuesday, August 15, 2023, at 9am Eastern Time to discuss its Q2 2023 results and portfolio updates from Q3 2023. The dial-in information for the call is noted below: U.S. Domestic Dial-In Number: (609) 746-1082 International Dial-In Numbers: https://d1io3yog0oux5.cloudfront.net/180degreecapital/files/International_dial_ins.pdf Passcode: 415049 Webcast: https://www.freeconferencecall.com/wall/180degreecapital Presentation materials along with a replay of the meeting will be available on the Company's investor relations website at https://ir.180degreecapital.c

MONTCLAIR, N.J., May 11, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported its financial results as of March 31, 2023, and additional developments from the second quarter of 2023. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "As noted in our release on April 1, 2023, Q1 2023 was a positive quarter for 180," said Kevin M. Rendino, Chief Executive Officer of 180. "Our +5.7% gross total return of our public and public-related portfolio compared favorably to the -2.9% total return of the Russell Microcap Index. Our increase in NAV of 3.2% to $6.52 reflects th

MONTCLAIR, N.J., May 10, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180") noted today that it repurchased 373,679 shares of its common stock at a price per share of $4.41.1 "In prior shareholder calls, we have discussed the high bar for use of 180's permanent capital to buy back its own stock or to issue dividends," said Kevin M. Rendino, Chief Executive Officer of 180. "When we invest shareholder capital in a new portfolio company, we must believe, if our investment thesis comes to fruition, there is at least 100 percent upside within 3 years. Once we use permanent capital to buy back stock, recycling that cash is no longer possible, and therefore, the hurdle rate

MONTCLAIR, N.J., Feb. 27, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today provided interim updates from Q1 2023, including an estimated net asset value per share ("NAV") of $7.08, or an increase of 12.0% from the end of 20221. "Following our disappointing results in 2022, we are pleased to report that 2023 has started off with a material rebound in our NAV," said Kevin M. Rendino, Chief Executive Officer of 180. "The gross total return of our public and related holdings from the end of 2022 through February 23, 2023, of approximately 14.8% has further reduced the percentage of our legacy private holding percentage of NAV to approximately

MONTCLAIR, N.J., Feb. 27, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported its financial results as of December 31, 2022, and additional developments from the first quarter of 2023. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "After five years of exceptional performance, 2022 was anything but exceptional," said Kevin M. Rendino, Chief Executive Officer of 180. "While 2022 was a historically bad market, our performance was disappointing, and we own that. In the five years ending 2021, we mitigated what has been a consistent overhang from the legacy Harri

MONTCLAIR, N.J., Feb. 23, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) will announce its fourth quarter 2022 financial results on Monday, February 27, 2023, shortly after the close of the public markets. It will host a conference call on Tuesday, February 28, 2023, at 9am Eastern Time to discuss these results and updates from Q1 2023. The dial-in information for the call is noted below: U.S. Domestic Dial-In Number: (609) 746-1082 International Dial-In Numbers: https://d1io3yog0oux5.cloudfront.net/180degreecapital/files/International_dial_ins.pdf Passcode: 415049 Webcast: https://www.freeconferencecall.com/wall/180degreecapital Presentation materials along

MONTCLAIR, N.J., Nov. 07, 2022 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported its financial results as of September 30, 2022, and additional developments from the fourth quarter of 2022. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "While our performance in Q3 2022 improved relative to Q2 2022, the overall market and our holdings continue to be pressured by the same themes that have been the only focus of investors," said Kevin M. Rendino, Chief Executive Officer of 180. "We ended the quarter with an NAV decline of 3.0% and a gross total return in our publi

MONTCLAIR, N.J., Nov. 04, 2022 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) will announce its third quarter 2022 financial results on Monday, November 7, 2022, shortly after the close of the public markets. It will host a conference call on Tuesday, November 8, 2022, at 9am Eastern Time to discuss these results and updates from Q4 2022. The dial-in information for the call is noted below: U.S. Domestic Dial-In Number: (609) 746-1082 International Dial-In Numbers: https://d1io3yog0oux5.cloudfront.net/180degreecapital/files/International_dial_ins.pdf Passcode: 415049 Webcast: https://www.freeconferencecall.com/wall/180degreecapital Presentation materials along with a repla

MONTCLAIR, N.J., Aug. 08, 2022 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported its financial results as of June 30, 2022, and additional developments from the third quarter of 2022. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "These six months have been challenging to say the least with a very confusing backdrop of economic data and concerning geopolitical events," said Kevin M. Rendino, Chief Executive Officer of 180. "We ended the quarter with our NAV declining 14.9% and a gross total return in our public and related portfolio of -19.0%. Last quarter we b

MONTCLAIR, N.J., Aug. 04, 2022 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) will announce its second quarter 2022 financial results on Monday, August 8, 2022, shortly after the close of the public markets. It will host a conference call on Tuesday, August 9, 2022, at 9am Eastern Time to discuss these results and updates from Q3 2022.   The dial-in information for the call is noted below: U.S. Domestic Dial-In Number: (609) 746-1082 International Dial-In Numbers: https://d1io3yog0oux5.cloudfront.net/180degreecapital/files/International_dial_ins.pdf Passcode: 415049 Webcast: https://www.freeconferencecall.com/wall/180degreecapital Presentation materials along with a replay

MONTCLAIR, N.J., May 11, 2022 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported its financial results as of March 31, 2022, and additional developments from the second quarter of 2022. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "This quarter was quite the opposite for us versus the prior quarter," said Kevin M. Rendino, Chief Executive Officer of 180. "We ended the quarter with our NAV declining 8% and a gross total return in our public and related portfolio of -14.8%. Our separately managed account declined a similar level in the quarter. This isn't the fir

MONTCLAIR, N.J., May 06, 2022 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) will announce its first quarter 2022 financial results on Wednesday, May 11, 2022, shortly after the close of the public markets. It will host a conference call on Thursday, May 12, 2022, at 9am Eastern Time to discuss these results and updates from Q2 2022. The dial-in information for the call is noted below: U.S. Domestic Dial-In Number: (609) 746-1082 International Dial-In Numbers: https://d1io3yog0oux5.cloudfront.net/180degreecapital/files/International_dial_ins.pdf Passcode: 415049 Webcast: https://www.freeconferencecall.com/wall/180degreecapital Presentation materials along with a replay of

MONTCLAIR, N.J., Feb. 24, 2022 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported its financial results as of December 31, 2021, and additional developments from the first quarter of 2022. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "We are pleased with our performance in Q4 2021, and even more so for the performance for the full year of 2021," said Kevin M. Rendino, Chief Executive Officer of 180. "Our public market investment strategy generated a gross total return of +6.1% (or +9.0% including carried interest from our separately managed account ("SMA")) in

Montclair, NJ, Nov. 09, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported its financial results as of September 30, 2021, and additional developments from the fourth quarter of 2021. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "While Q3 2021 presented its share of difficulties for our public investments, our private holdings increased in value," said Kevin M. Rendino, Chief Executive Officer of 180. "Overall, we ended the quarter with cash and securities of public companies almost equal to our stock price. Our public market investment strategy gene

MONTCLAIR, N.J., Nov. 05, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) will announce its third quarter 2021 financial results on Tuesday, November 9, 2021, shortly after the close of the public markets. It will host a conference call on Wednesday, November 10, 2021, at 9am Eastern Time to discuss these results and updates from Q4 2021. The dial-in information for the call is noted below: U.S. Domestic Dial-In Number: (609) 746-1082 International Dial-In Numbers: https://d1io3yog0oux5.cloudfront.net/180degreecapital/files/International_dial_ins.pdf Passcode: 415049 Webcast: https://www.freeconferencecall.com/wall/180degreecapital Presentation materials along with a r

MONTCLAIR, N.J., Aug. 10, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) ("180" and the "Company"), today reported its financial results as of June 30, 2021, and additional developments from the third quarter of 2021. The Company also published a letter to shareholders that can be viewed at https://ir.180degreecapital.com/financial-results. "I am pleased to report our fifth straight quarter of growth in our net asset value per share (NAV) as of June 30, 2021, to $10.68," said Kevin M. Rendino, Chief Executive Officer of 180. "Once again, this growth was powered by our continued strong performance in our public market investment strategy that generated a gross total retu

MONTCLAIR, N.J., Aug. 06, 2021 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) will announce its second quarter 2021 financial results on Tuesday, August 10, 2021, shortly after the close of the public markets. It will host a conference call on Wednesday, August 11, 2021, at 9am Eastern Time to discuss these results and updates from Q3 2021.  The dial-in information for the call is noted below: U.S. Domestic Dial-In Number: (712) 770-4598 International Dial-In Numbers: https://d1io3yog0oux5.cloudfront.net/180degreecapital/files/International-Dial-In-Numbers-4-2019.pdf Passcode: 415049 Webcast: https://www.freeconferencecall.com/wall/180degreecapital Pres