Mount Logan Capital Inc. (MLCI) announced a significant strategic move on March 19, 2026, as it entered into a definitive agreement for its wholly owned subsidiary, Opportunistic Credit Interval Fund (SOFIX), to acquire over $100 million in assets from Yieldstreet Alternative Income Fund (YS AIF). This acquisition is expected to nearly double the size of SOFIX, enhancing its scale and economic efficiency while providing increased portfolio diversification for investors. The transaction is projected to generate an incremental annual fee-related earnings (FRE) increase of at least $2.8 million, representing over 30% of Mount Logan's trailing twelve-month FRE as of December 31, 2025. The deal is anticipated to be immediately accretive to Mount Logan's earnings upon closing, which is expected in late Q2 or Q3 2026, pending regulatory and shareholder approvals. Additionally, a Transition Services Agreement (TSA) has been established with Willow Asset Management LLC, the advisor for YS AIF, to facilitate the transition and ensure access to necessary records and data. The TSA outlines a payment structure totaling up to $5 million, including cash and shares of common stock, to be paid over the course of the agreement. This acquisition marks a pivotal moment for Mount Logan as it seeks to expand its asset management capabilities and pursue further growth opportunities in the alternative investment space.

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