Logan Ridge Finance Corporation. (NASDAQ:LRFC) Q2 2023 Earnings Conference Call August 10, 2023 10:00 AM ET
Company Participants
Ted Goldthorpe - President and Chief Executive Officer
Patrick Schafer - Chief Investment Officer
Jason Roos - Chief Financial Officer
Conference Call Participants
Christopher Nolan - Ladenburg Thalmann
Steven Martin - Slater
Operator
Thank you. Good morning, and welcome to Logan Ridge Finance Corporation's Second Quarter Ended June 30, 2023 Earnings Conference Call.
An earnings press release was distributed yesterday after the close of the market. A copy of the release, along with a supplemental earnings presentation is available on the Company's website at www.loganridgefinance.com in the Investor Resources section and should be reviewed in conjunction with the Company's Form 10-Q filed with the SEC. As a reminder, this conference call is being recorded for replay purposes.
Please note that today's conference call may contain forward-looking statements, which are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company's filings with the SEC.
Speaking on today's call will be Ted Goldthorpe, Chief Executive Officer, President and Director of Logan Ridge Finance Corporation; Jason Roos, Chief Financial Officer; and Patrick Schafer, Chief Investment Officer.
With that, I would now like to turn the call over to Ted Goldthorpe, Chief Executive Officer of Logan Ridge Finance Corporation. Please go ahead, Ted.
Ted Goldthorpe
Good morning, and welcome to our second quarter 2023 earnings call. I'm joined today by our Chief Financial Officer Jason Roos, and our Chief Investment Officer Patrick Schafer. Following my opening remarks, Patrick will provide additional detail on our investment activity to date, and Jason will walk through the financials.
I like to start by highlighting that the second quarter of 2023 was Logan Ridge’s strongest quarter to date since we took over managing the company just two years ago, and largely a continuation of the performance trajectory Logan has been on since the middle of 2022.
As the company's exposure to legacy equity portfolio has continued to decline, and its exposure to credits originated by BC Partners Credit platform has increased the benefit to shareholders has been clear and has been reflected through Logan's financial results. With that in mind, I will keep my prepared remarks brief today and limited to a few key highlights which Patrick and Jason will provide more detail on shortly.