180 Degree Capital Corp. Initiates First Measurement Period for Discount Management Program

MONTCLAIR, N.J., Jan. 02, 2024 (GLOBE NEWSWIRE) -- In a significant development for its shareholders, 180 Degree Capital Corp. (TURN), a leading investment firm, has officially commenced the initial measurement period of its Discount Management Program. This strategy is aimed at addressing the trading discount of 180's common stock relative to its net asset value. The launch of the measurement period marks a proactive step by the company to enhance shareholder value and align stock performance more closely with the firm's underlying financials.

Objectives of the Discount Management Program

The Discount Management Program was put in place following a detailed analysis by 180's management team and board of directors. Its primary goal is to systematically decrease the discount at which TURN's common stock is trading compared to its net asset value. By implementing this program, 180 Degree Capital Corp. seeks to provide a clearer and more tangible reflection of the company's financial health and asset performance for its investors.

Impact on Shareholders

Shareholders of TURN can anticipate a potentially enhanced return on investment as the program progresses. The discount reduction initiative reflects 180's commitment to actively managing its market valuation and providing transparency to its investors. The program is designed with specific mechanisms and benchmarks, and the initiation of the measurement period is a pivotal moment that signals the company's determination to improve market perception and shareholder wealth.

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