Sec Form 4 Filing - Repertoire Master Fund LP @ Portman Ridge Finance Corp - 2022-11-30

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Repertoire Master Fund LP 2. Issuer Name and Ticker or Trading Symbol Portman Ridge Finance Corp [ PTMN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 345 CALIFORNIA STREET, SUITE 600 3. Date of Earliest Transaction (MM/DD/YY) 11/30/2022 (Street) SAN FRANCISCO, CA94104 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/30/2022 P 1,009 A $ 22.3428 1,103,911 D Common Stock 11/30/2022 P 6,814 A $ 22.3428 1,110,725 D Common Stock 11/30/2022 P 1,917 A $ 22.3428 1,112,642 D Common Stock 11/30/2022 P 1,554 A $ 22.0832 1,114,196 D Common Stock 11/30/2022 P 10,494 A $ 22.0832 1,124,690 D Common Stock 11/30/2022 P 2,952 A $ 22.0832 1,127,642 D Common Stock 12/01/2022 S 149 D $ 22.4 1,127,493 D Common Stock 12/01/2022 S 980 D $ 22.4 1,126,513 D Common Stock 12/01/2022 S 284 D $ 22.4 1,126,229 D Common Stock 12/05/2022 S 1,248 D $ 22.1255 1,124,981 D Common Stock 12/06/2022 S 4,468 D $ 22.1138 1,120,513 D Common Stock 12/07/2022 S 9,798 D $ 22.2508 1,110,715 D Common Stock 12/08/2022 P 2,220 A $ 21.8514 1,112,935 D Common Stock 12/09/2022 P 4,200 A $ 21.8911 1,117,135 D Common Stock 12/09/2022 P 69 A $ 21.9197 1,117,204 D Common Stock 12/09/2022 P 455 A $ 21.9197 1,117,659 D Common Stock 12/09/2022 P 134 A $ 21.9197 1,117,793 D Common Stock 12/09/2022 S 300 D $ 22.05 1,117,493 D Common Stock 12/12/2022 S 186 D $ 22.44 1,117,307 D Common Stock 12/12/2022 S 2,220 D $ 22.1417 1,115,087 D Common Stock 12/13/2022 S 419 D $ 22.345 1,114,668 D Common Stock 12/14/2022 S 2,602 D $ 22.2672 1,112,066 D Common Stock 12/16/2022 S 200 D $ 22.1 1,111,866 D Common Stock 12/19/2022 P 1,281 A $ 21.75 1,113,147 D Common Stock 12/20/2022 P 100 A $ 21.75 1,113,247 D Common Stock 12/21/2022 P 15,309 A $ 21.8654 1,128,556 D Common Stock 12/22/2022 P 10,000 A $ 21.9846 1,138,556 D Common Stock 12/23/2022 P 174 A $ 21.9712 1,138,730 D Common Stock 12/23/2022 P 1,145 A $ 21.9712 1,139,875 D Common Stock 12/23/2022 P 381 A $ 21.9712 1,140,256 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Equity Swap (Obligation to Buy) $ 22.49 11/30/2022 J/K( 1 ) 1 ( 1 ) ( 1 ) Common Stock 106 ( 1 ) 1 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Repertoire Master Fund LP 345 CALIFORNIA STREET, SUITE 600 SAN FRANCISCO, CA94104 X Signatures /s/ Deepak Sarpangal, Managing Member of the General Partner of Repertoire Master Fund LP 05/02/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The reporting person entered into an equity swap agreement with a counterparty under which, upon expiration of the 3-year term of the agreement, (1) the reporting person will be obligated to pay to the counterparty the price per share set forth in Column 2 for the notional number of shares of PTMN common stock set forth in Column 7, and (2) the counterparty will be obligated to pay to the reporting person the market value of the notional number of shares of PTMN common stock set forth in Column 7 as of the end of that period. The reporting person will pay to the counterparty monthly interest on the purchase price of the notional shares, at a rate tied to a market index, and the counterparty will pay to the reporting person all dividends and similar distributions paid on an equivalent number of shares of PTMN common stock during the term.

Remarks: The transactions in the Issuer's common stock reported herein and in additional Form 4's being filed by the reporting person on this date were matchable under Section 16(b) of the Securities Exchange Act of 1934. Repertoire Master Fund LP has agreed to pay to the Issuer the aggregate profit in the amount of $302,114.78 realized in connection with these transactions.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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