Logan Ridge Finance Corporation (NASDAQ:LRFC) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET

Company Participants

Ted Goldthorpe - Chief Executive Officer, President & Director

Patrick Schafer - Chief Investment Officer

Jason Roos - Chief Financial Officer

Conference Call Participants

Christopher Nolan - Ladenburg Thalmann

Operator

Thank you for standing-by and welcome to Logan Ridge Finance Corporation's Third Quarter Ended September 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 -- good afternoon. Welcome to our second quarter 2023 earnings call. As mentioned, 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'd like to start by highlighting that Logan Ridge once again reported another strong quarter, generating the highest net investment income since we began managing the company a little over two years ago. This success is largely a continuation of the performance trajectory. Logan has been on since we reported our first quarter, a positive net income -- investment income just over one year ago, the quarter ending September 30, 2022 as the company's exposure to the legacy equity portfolio has continued to decline and is exposure to credits originated by the BC Credit -- BC Partners credit platform has increased, the benefit to shareholders has been clear and has been reflected through Logan Ridge's financial results. With that in mind, I'll keep my prepared remarks brief today and limited to a few key highlights, which Patrick and Jason can provide more detail on shortly.