180 Degree Capital Corp. Company profile
About 180 Degree Capital Corp
180 Degree Capital Corp. is a non-diversified closed-end management investment company. The Company is the managing member of 180 Degree Capital Management, LLC, a limited liability company formed to facilitate the opportunity for interested investors to co-invest alongside the Company in individual publicly traded portfolio companies. The Company is also the managing member of H&H Co-Investment Partners, LLC, a limited liability company formed to facilitate the opportunity for interested investors to co-invest alongside the Company in its private portfolio companies. The Company is the general partner of 180 Phoenix Fund, L.P., a limited partnership formed to facilitate management of a fund that is formed to co-invest alongside the Company in its publicly traded companies on an on-going basis. Its subsidiary, 180 Degree Capital BD, LLC (180BD), provide services to the Company related to fundraising for co-investment funds and not for investment returns.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, 180 Degree Capital Corp revenues decreased 19% to $2.8M. Net income increased from $1.1M to $14.3M. Revenues reflect Other income decrease of 63% to $254K, Dividend income decrease of 98% to $6K, Carried interest decrease of 9% to $2.2M. Net income reflects Unrealized G/L on Investment Securities increase from $4.4M (expense) to $4.6M (income).
Equity composition
Common Stock $.01 Par, 03/12, 45M auth., 32,829,341 issd., less 1,828,740 shs. in Treas. @ $3.4M. Insiders control 1.63%. PO: 3/83, 800K shs. @ $2.75 by Jay W. Kaufman & Co. PO7/04, 3M shares @ $11.25 by ThinkEquity Partners LLC. Private Placement 5/95, 1,075,269 shs. @ $4.65. FY'98 Q'sare reclassified.
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