Mr. James Elbaor of Marlton reports

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

Mount Logan Capital Inc.'s merger partner shareholder Marlton Partners LP, beneficial owners of approximately 5.8 per cent of the outstanding stock of 180 Degree Capital Corp. (Nasdaq: TURN), today issued the following statement in response to the business combination of the company and Mount Logan Capital, which was completed under revised terms on Sept. 12, 2025:

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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 Dec. 17, 2024, TURN's share price has increased by 35.5% compared to 8.8% for the S&P 500 and 2.78 per cent for the Russell 2000.

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About Marlton Partners LP

Marlton Partners is a Chicago-based, privately held investment firm led by James C. Elbaor. The firm has a proven 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 bachelor of arts degree from New York University and a master of business administration from Columbia University.