Mount Logan Capital Inc. (NASDAQ: MLCI) completed a $15 million tender offer on February 4, 2026, buying back approximately 1.59 million shares at $9.43 each. The offer, which expired on February 2, was oversubscribed, and the company will accept shares on a pro‑rata basis to meet the $15 million cap.
The buyback was priced at a 29 % premium to the market price at the time the offer was launched, underscoring management’s belief that the stock was undervalued. By returning cash to shareholders, the company aims to reduce the outstanding share count and lift earnings‑per‑share and other per‑share metrics, a core objective of its broader liquidity program.
With the acquisition of 1.59 million shares, the share count will fall by roughly 12 % from the level on February 2, 2026. The reduction is expected to raise EPS and improve return‑on‑equity figures, while also signaling confidence in the company’s intrinsic value and future growth prospects.
Management highlighted that the tender offer is part of a disciplined capital‑allocation strategy that balances shareholder returns with a robust capital position. The company’s liquidity program, backed by more than $2.1 billion in assets under management as of September 30, 2025, provides the cash necessary to fund the buyback without compromising investment or growth initiatives.
Mount Logan’s business model—focused on credit investments and reinsurance of annuity liabilities—has delivered steady cash flow, and the share repurchase demonstrates that the company is comfortable with its financial footing while rewarding investors.
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