180 Degree notes start of measurement period for Discount Management Program

180 Degree Capital noted that today is the beginning of the first measurement period of its previously announced Discount Management Program established to reduce the discount that 180’s common stock trades at versus its net asset value per share. As mentioned in 180’s prior press release on November 13, 2023, under the terms of the Program, 180’s Board of Directors have set two measurement periods of January 1, 2024, to December 31, 2024, and January 1, 2025, to June 30, 2025. Should 180’s common stock trade at an average daily discount to NAV1 of more than 12% during either of these measurement periods, 180’s Board will consider all available options including, but not limited to, a significant expansion of 180’s current stock buyback program of up to $5 million, cash distributions, or a tender offer.