reports
Mount Logan Capital Inc. Strategically Expands Canadian Presence Appoi...
Mount Logan Capital Inc. Strategically Expands Canadian Presence Appointing Scott Chan to Support Capital Markets and IR THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan” or the “Company”) today announced Scott Chan, CFA, MBA, joined the Company as of August 2024. Mr. Chan's addition reflects Mount Logan’s focus on strategically expanding relationships across the Canadian financial services market, including broader investor out...
Mount Logan Capital Inc. Announces Second Quarter 2024 Financial Resul...
Mount Logan Capital Inc. Announces Second Quarter 2024 Financial Results Increased Ability’s total assets managed by Mount Logan to $636 million and reinsured an additional $28 million Multi-Year Guaranteed Annuities (“MYGA”) during the quarter Generated $11.6 million of insurance segment Spread Related Earnings (“SRE”) for the trailing twelve months ended June 30, 2024, an increase of 314% over the prior year period, demonstrating the earnings power of the insurance segment Record quarter for the asset management segment, earning $3.8 million in management and incentive fees, an incr...
Mount Logan Capital Inc. Schedules Release of Second Quarter 2024 Resu...
Mount Logan Capital Inc. Schedules Release of Second Quarter 2024 Results TORONTO, July 19, 2024 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (CBOE: MLC) (“Mount Logan” or the “Company”) will release its financial results for the second quarter ended June 30, 2024 after market close on Thursday, August 8, 2024. The Company will host a conference call on Friday, August 9, 2024, at 12:00 p.m. Eastern Time to discuss these results. Shareholders, prospective shareholders, and analysts are welcome to listen to the conference call. To join the call, please use the dial-in information below. A r...
Mount Logan Capital Inc. Reports Results of Election of Directors
Mount Logan Capital Inc. Reports Results of Election of Directors TORONTO, June 07, 2024 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (Cboe Canada: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) announced that at the annual and special meeting of shareholders held on June 7, 2024 (the “Meeting”), each of the six nominees listed in the management information circular dated May 8, 2024 (the “Circular”) were elected as directors of the Company. A total of 36,570,692 common shares or 70.88% of Mount Logan’s issued and outstanding common shares were voted in connection with the Meeting. T...
Mount Logan Capital Inc. Announces First Quarter 2024 Financial Result...
Mount Logan Capital Inc. Announces First Quarter 2024 Financial Results Increased Ability’s total assets managed by Mount Logan to $617 million and reinsured an additional $39 million Multi-Year Guaranteed Annuities during the quarter Generated $9.5 million of insurance segment Spread Related Earnings (“SRE”) for the trailing twelve months ended March 31, 2024, demonstrating the earnings power of the insurance segment Strong quarter for the asset management segment with another quarter of record management fees. Fee Related Earnings (“FRE”) for the quarter of $1.6 million, up 15% as c...
Mount Logan Capital Inc. Schedules Release of First Quarter 2024 Resul...
Mount Logan Capital Inc. Schedules Release of First Quarter 2024 Results TORONTO, April 26, 2024 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan” or the “Company”) will release its financial results for the first quarter ended March 31, 2024 after market close on Thursday, May 9, 2024. The Company will host a conference call on Friday, May 10, 2024, at 11:00 a.m. Eastern Time to discuss these results. Shareholders, prospective shareholders, and analysts are welcome to listen to the conference call. To join the call, please use the dial-in information below. A recordi...
Mount Logan Capital Inc. Announces Fourth Quarter and Fiscal 2023 Fina...
Mount Logan Capital Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results Achieved significant milestones in 2023 including a record year for asset management revenue, completion of Ability’s $250 million reinsurance agreement resulting in total investments in excess of $1 billion, and the closing of the Ovation transaction during July 2023 Increased Ability’s total assets managed by Mount Logan to $537 million, up 59% versus 2022 while achieving a 9.2% yield on the insurance investment portfolio for fiscal 2023 Declared quarterly distribution of C$0.02 per common share in the f...
Mount Logan Capital Inc. Announces Continued Partnership with Speciali...
Mount Logan Capital Inc. Announces Continued Partnership with Specialized Credit Manager. Separately Announces Closing of Debenture Units Offering In January 2024, CEO Ted Goldthorpe appointed to Marret Asset Management’s (“Marret”) Board of Directors Marret is a leading Canadian specialist credit manager with approximately C$5 billion assets under advisory Mount Logan purchased a strategic minority stake in Marret during June 2023 Separately, Mount Logan announced completion of opportunistic $18.8 million debenture units offering NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES ...
Mount Logan Capital Inc. Announces Third Quarter 2023 Financial Result...
Mount Logan Capital Inc. Announces Third Quarter 2023 Financial Results Successfully Closes Strategic Acquisition, $0.65 Increase in Basic Earnings per Share Quarter-over-Quarter, Record Quarter for Asset Management Fee Revenues, and Completes $250 million Multi-Year Guaranteed Annuities (“MYGA”) Reinsurance Obligations Raises $17 million of Capital to Support Insurance Segment Growth Activities Declares Quarterly Distribution of C$0.02 Per Common Share in the Third Quarter of 2023, Marking the Seventeenth Consecutive Quarter of a Shareholder Distribution TORONTO, Nov. 08, 2023 (GLOBE ...
Mount Logan Capital Inc. Schedules Release of Third Quarter 2023 Resul...
Mount Logan Capital Inc. Schedules Release of Third Quarter 2023 Results TORONTO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) will release its financial results for the fiscal quarter ended September 30, 2023 on or about Wednesday, November 8, 2023 after 5:00 p.m. Eastern Time on the date of release. The Company will host a conference call on Friday, November 10, 2023, at 12:30 p.m. Eastern Time. Shareholders, prospective shareholders, and analysts are welcome to listen to the conference call. To join the call, please use the dial...
Mount Logan Capital Inc. Announces Transaction with Canaccord Genuity ...
Mount Logan Capital Inc. Announces Transaction with Canaccord Genuity G Ventures Corp. will not Proceed TORONTO, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announces that Canaccord Genuity G Ventures Corp. (“G-Corp”) has announced that the board of directors of G-Corp has determined that they do not believe that G-Corp will receive the regulatory approvals required to extend G-Corp’s permitted timeline to complete the proposed qualifying transaction with Mount Logan, the transaction will not be proceeding and G-Corp intends to w...
Mount Logan Capital Increases Surplus with Issuance of US$12,000,000 S...
Mount Logan Capital Increases Surplus with Issuance of US$12,000,000 Surplus Note TORONTO, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) is pleased to announce that its wholly-owned subsidiary, Ability Insurance Company (“Ability”) has increased its surplus capital by raising proceeds of US$12 million through the issuance of a 10% surplus note due December 2032 (the “Surplus Note”). “This is an important step for Ability as we drive growth and make progress towards our long-term vision for the Company,” said Annie Elliott, the Pres...
Mount Logan Capital Inc. Obtains Loan of US$5,000,000 to Support Growt...
Mount Logan Capital Inc. Obtains Loan of US$5,000,000 to Support Growth of Ability Insurance Company TORONTO, Aug. 15, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) is pleased to announce that Lind Bridge L.P. (“Lind Bridge”), a limited partnership of which Mount Logan is the sole limited partner and a wholly-owned subsidiary of Mount Logan is the sole general partner, has issued a term promissory note (the “Note”) for gross proceeds to Lind Bridge of US$5,000,000 (the “Loan Amount”). Pursuant to the Note, Lind Bridge has borrowed the Loan ...
Mount Logan Capital Inc. Announces Entry into Business Combination Wit...
Mount Logan Capital Inc. Announces Entry into Business Combination With Canaccord Genuity G Ventures Corp. Proceeds from transaction to enable Mount Logan to capitalize on the growing opportunity set in the asset management and insurance marketsTransaction expected to drive long-term value creation through investment in and scaling of the businessBusiness Combination provides G-Corp shareholders with a compelling opportunity to participate in Mount Logan, a high-growth alternative asset management and insurance solutions companyMount Logan to remain listed on Cboe Canada under the ticker “M...
Mount Logan Capital Inc. Announces Second Quarter 2023 Financial Resul...
Mount Logan Capital Inc. Announces Second Quarter 2023 Financial Results Successfully Closes Two Strategic Acquisitions, Increases MYGA Volumes by $66m Quarter-over-Quarter, and Increases Insurance Net Investment Income Quarter-over-Quarter and Year-over-Year Declares Quarterly Distribution of C$0.02 Per Common Share in the Third Quarter of 2023, Marking the Sixteenth Consecutive Quarter of a Shareholder Distribution TORONTO, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the quarter ended...
Mount Logan Capital Inc. Completes Transaction with Ovation Partners, ...
Mount Logan Capital Inc. Completes Transaction with Ovation Partners, LP TORONTO, July 05, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) today announced that it has completed its previously announced transaction with Ovation Partners, LP (“Ovation”) for the management of Ovation’s alternative income platform which is focused on investments in commercial lending, real estate lending, consumer finance and litigation finance. Highlights Mount Logan Management LLC, a wholly-owned subsidiary of Mount Logan (“ML Management”) now ac...
Mount Logan Capital Inc. Reports Results of Election of Directors
Mount Logan Capital Inc. Reports Results of Election of Directors TORONTO, June 23, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) announced that at the annual meeting of shareholders held on June 22, 2023 (the “Meeting”), each of the seven nominees listed in the management information circular dated May 24, 2023 were elected as directors of the Company. A total of 5,690,687 common shares or 25.65% of Mount Logan’s issued and outstanding common shares were voted in connection with the Meeting. The detailed results of the vote fo...
Mount Logan Capital Inc. Announces First Quarter 2023 Financial Result...
Mount Logan Capital Inc. Announces First Quarter 2023 Financial Results Increases MYGA Volumes Quarter-over-Quarter, Increases Insurance Net Investment Income Year-over-Year, Successfully Transitions to IFRS 17 Declares Quarterly Distribution of C$0.02 Per Common Share in the Second Quarter of 2023, Marking the Fifteenth Consecutive Quarter of a Shareholder Distribution TORONTO, May 11, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (the “Company” or “Mount Logan”) announced today its financial results for the quarter ended March 31, 2023. All amounts are stated in United ...
Mount Logan Capital Inc. Schedules Release of First Quarter 2023 Resul...
Mount Logan Capital Inc. Schedules Release of First Quarter 2023 Results TORONTO, May 10, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) will release its financial results for the fiscal quarter ended March 31, 2023 on or about Thursday, May 11, 2023 after 5:00 p.m. Eastern Time on the date of release. The Company will host a conference call on Friday, May 12, 2023, at 12:00 p.m. Eastern Time. Shareholders, prospective shareholders, and analysts are welcome to listen to the conference call. To join the call, please use the dial-...
Mount Logan Capital Inc. Completes First Step of Transaction with Ovat...
Mount Logan Capital Inc. Completes First Step of Transaction with Ovation Partners, LP Amended the initial Purchase Agreement to effectuate the first step of the transaction Transaction expected to officially close in the third quarter of 2023 TORONTO, May 02, 2023 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) today announced that it has amended the definitive agreement with Ovation Partners, LP (“Ovation”) relating to the previously announced transaction for the management of Ovation’s alternative income platform by Mount Logan M...
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