MLCI Q1 2026: Fees fall 18% on BDC contract loss; $15.4M buyback active

Filed May 14, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

• high

  Total fees declined 18% year-over-year to $3.9M in Q1 2026, driven by the July 2025 termination of Logan Ridge's investment management agreement following its merger into Portman (now BCIC), which eliminated $0.8M in BDC management fees.

  MD&A: Q1 2026 Financial Results verify on EDGAR →
• high

  Ability Insurance's risk-based capital ratio improved to 501% as of December 31, 2025 from 325% a year earlier, well above the 200% regulatory threshold, indicating strong capital position to meet policyholder obligations.

  MD&A: Insurance Capital Position verify on EDGAR →
• medium

  The company repurchased $15.4M of stock under its share-repurchase program on a fiscal year-to-date basis through March 31, 2026, representing active capital return to shareholders.

  MD&A: Share Repurchase Program verify on EDGAR →