Mount Logan Expands Interval Fund Platform with Proposed AFA Asset Based Lending Fund Transaction

(NASDAQ:MLCI) Mount Logan Capital Inc. announced that its wholly owned registered investment adviser, Mount Logan Management LLC (MLM), has entered into a definitive agreement to become the new investment adviser to the AFA Asset Based Lending Fund. MLM and Alternative Fund Advisors, LLC (AFA), the Fund’s current investment adviser, have signed an Asset Purchase Agreement under which MLM will acquire certain business records, intellectual property, and goodwill of AFA related to the management of the Fund. Upon closing, the Fund will be renamed Mount Logan Asset Based Lending Fund and will continue to provide access to a diversified range of asset-based lending and specialty finance credits. The Fund manages approximately $230 million in assets from a wide range of investors. The Transaction will bring MLM’s combined interval fund assets to approximately $460 million. Mount Logan expects the Transaction will be immediately accretive to FRE upon closing. The Fund will be MLM’s second evergreen credit interval fund, complementing MLM’s Opportunistic Credit Interval Fund. As of June 30, 2026, Mount Logan Capital Inc. had over $2 billion in assets under management. The AFA Asset Based Lending Fund was launched on June 30, 2021 and, as of September 30, 2026, had approximately $230 million in net assets across 650 underlying investments. The Fund offers daily subscriptions at net asset value and conducts quarterly repurchase offers subject to a limit of 5% of the Fund’s net assets. The Transaction has been unanimously approved by the AFA Asset Based Lending Fund’s board of trustees and Mount Logan’s board of directors. The change in investment adviser and the new investment management agreement are subject to approval by a majority of the Fund’s shareholders and customary regulatory approvals. The Fund intends to file a proxy statement with the SEC and commence the shareholder vote solicitation. Subject to approvals, closing is expected to occur in Q1 2027. Dechert LLP is serving as legal counsel to Mount Logan. Faegre Drinker Biddle & Reath LLP is serving as legal counsel to the AFA Asset Based Lending Fund and its Board of Trustees. Reitler Kailas & Rosenblatt LLP is serving as legal counsel and Berkshire Global Advisors is serving as financial advisor to AFA.

Mount Logan Capital Inc. to Join the Russell Microcap® Index

(NASDAQ: MLCI) Mount Logan Capital Inc. announced that it is expected to be added to the Russell Microcap ® Index when the U.S. market opens on June 29, 2026, as part of the 2026 Russell indexes reconstitution. The company's Nasdaq listing in 2025 has positioned Mount Logan for greater visibility and improved accessibility to U.S. investors. As of March 31, 2026, Mount Logan Capital had over $2.1 billion in assets under management. Membership in the Russell Microcap ® Index remains in place for half a year beginning 2026 and means automatic inclusion in the appropriate growth and value style indexes. The June Russell U.S. Indexes reconstitution captures up to the 4,000 largest U.S. stocks as of April 30, 2026, ranking them by total market capitalization. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. Approximately $21.20 trillion is benchmarked to FTSE Russell indexes.