Mount Logan Capital Inc. Common Stock

Mount Logan Capital Inc., through its subsidiaries, provides asset management and insurance solutions in the United States. It operates in two segments: Asset Management and Insurance Solutions. The company focuses on private credit, including senior secured lending, asset-based and specialty finance, structured and other credit, venture and other lending, and select equity-linked solutions. It also offers underwriting, portfolio construction, and risk management solutions, investment advisory and management services, and reinsurance of annuity products for individuals funding retirement needs. The company was formerly known as Marret Resource Corp. and changed its name to Mount Logan Capital Inc. in October 2018. It is headquartered in New York, New York.

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Mount Logan expects Yieldstreet deal to add at least $2.8M run-rate FRE annually

Mount Logan Capital expects its pending Yieldstreet transaction to add at least $2.8 million in run-rate fee-related earnings annually once closed. CEO Edward Goldthorpe said the deal is expected to close during the third quarter, with benefits beginning to accrue in the fourth quarter and ramping into 2027, and that the transaction is expected to be immediately accretive to our earnings per share once closed. The company reported second-quarter segment income of $4.3 million, up from $3.3 million in the first quarter, with fee-related earnings of $1.4 million and spread-related earnings of $2.9 million. Ability, Mount Logan's insurance subsidiary, received AM Best ratings and launched multi-year guaranteed annuity products with 3, 5, 7, and 10-year terms, while Yieldstreet shareholders approved the merger of more than $100 million of assets into SOFIX.

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