Repertoire Partners LP - 02 Oct 2023 Form 4 Insider Report for Portman Ridge Finance Corp (PTMN)

Role
10%+ Owner
Signature
/s/ Deepak Sarpangal, Managing Member of the general partner of Repertoire Master Fund LP
Issuer symbol
PTMN
Transactions as of
02 Oct 2023
Net transactions value
$0
Form type
4
Filing time
05 Oct 2023, 17:58:56 UTC
Next filing
11 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTMN Common Stock Other $0 -451,411 -42% $0.000000 632,414 02 Oct 2023 See note F1, F2, F4
transaction PTMN Common Stock Other $0 +451,411 $0.000000 451,411 02 Oct 2023 See note F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Repertoire Master Fund LP (the "Master Fund") distributed these shares in kind to Repertoire Supplement Z LP, a liquidating fund formed for certain investors withdrawing from the Master Fund (the "Liquidating Fund"). Following this distribution, the Master Fund beneficially owns less than 10% of the outstanding shares of the issuer.
F2 These securities are held directly by the Master Fund.
F3 These securities are held directly by the Liquidating Fund.
F4 Repertoire Partners LP ("Repertoire") is the investment adviser to the Master Fund and the Liquidating Fund (the "Funds"). Repertoire Holdings LLC ("Holdings") is the general partner of the Funds. Deepak Sarpangal is the control person of Repertoire and Holdings. The securities may be deemed to be beneficially owned by Repertoire as the investment adviser to the Funds, by Holdings as the general partner of the Funds and by Mr. Sarpangal as the control person of Repertoire and Holdings. Each of Repertoire, Holdings and Mr. Sarpangal disclaims beneficial ownership of such securities except to the extent of that person's pecuniary interest therein.

Remarks:

Repertoire is filing this Form 4 on behalf of itself, Holdings and Mr. Sarpangal. The filers are filing this Form jointly, but not as a group, and each expressly disclaims membership in a group.