Marlton Partners Comments on 180 Degree Capital Corp. and Mount Logan Capital Inc. Business Combination

Revised Terms Delivering 110% of NAV Validates TURN Shareholder Value

CHICAGO, Sept. 12, 2025 /PRNewswire/ -- Marlton Partners L.P. (together with its affiliates and group members, "Marlton" or "we"), beneficial owners of approximately 5.8% of the outstanding stock of 180 Degree Capital Corp. (NASDAQ: TURN) ("TURN" or the "Company"), today issued the following statement in response to the business combination of the Company and Mount Logan Capital Inc. (Cboe Canada: MLC) ("Mount Logan"), which was completed under revised terms on September 12, 2025.

"Marlton has strong conviction in the significant value embedded in closed-end vehicles such as TURN. The revised terms of this transaction – which were driven by Marlton's pressure on management and deliver 110% of Net Asset Value ("NAV") to TURN shareholders – represent a clear market affirmation of that value.

We are gratified that Mount Logan recognized the importance of delivering a premium to NAV, a point we have emphasized since the deal's announcement in January. We are also pleased that the revised terms include a 60-day tender offer, which provides TURN shareholders with a defined, near-term path to realize partial liquidity.

Throughout this process, Marlton's focus has been on ensuring that all TURN shareholders realize the full value of their investment. We expect the combined Mount Logan Board and management to provide timely, predictable, and equitable liquidity opportunities that go beyond the minimum requirements."

Since Marlton nominated directors on December 17, 2024, TURN's share price has increased by 35.5% compared to 8.8% for the S&P 500 and 2.78% for the Russell 2000.

About Marlton Partners L.P.
Marlton Partners L.P. is a Chicago-based, privately held investment firm led by James C. Elbaor. The firm has a proven track record of success in investing in closed-end funds and acquires significant ownership positions in other assets where it believes long-term value can be enhanced through active ownership. Mr. Elbaor holds a B.A. from New York University and an M.B.A. from Columbia University. For more information about Marlton Partners L.P., please visit https://MarltonLLC.com.

Media Contact:
ASC Advisors
Taylor Ingraham
(203 992 1230)
tingraham@ascadvisors.com 

Investors Contact:
James C. Elbaor (214-405-4141)
James@marltonllc.com

View original content:https://www.prnewswire.com/news-releases/marlton-partners-comments-on-180-degree-capital-corp-and-mount-logan-capital-inc-business-combination-302555493.html

SOURCE Marlton Partners L.P.