180 Degree Capital Corp. Reports $6.22 Preliminary Net Asset Value Per Share, -1.6% YTD, and Liquid Public Securities and Cash of 87% of Net Assets, as of June 30, 2023 - Seite 2

“Q3 2023 has started off positively for TURN and its holdings,” added Mr. Rendino. “We run a highly concentrated portfolio and our returns will always be dependent on the companies we own and not only what happens with market indices. While this period has been maddening and difficult to wade through, we believe the inherent value of the totality of our holdings can lead to a material increase in our NAV over time. We look forward to discussing these results with our shareholders and other interested parties on our Q2 2023 quarterly update call that we currently expect to hold in early-to-mid-August 2023.”

About 180 Degree Capital Corp.

180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what we believe are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. Our goal is that the result of our constructive activism leads to a reversal in direction for the share price of these investee companies, i.e., a 180-degree turn. Detailed information about 180 and its holdings can be found on its website at www.180degreecapital.com.

Press Contact:
Daniel B. Wolfe
180 Degree Capital Corp.
973-746-4500
[e-mail]

Mo Shafroth
Peaks Strategies
[e-mail]

Forward-Looking Statements

This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect the Company's current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release. Please see the Company's securities filings filed with the Securities and Exchange Commission for a more detailed discussion of the risks and uncertainties associated with the Company's business and other significant factors that could affect the Company's actual results. Except as otherwise required by Federal securities laws, the Company undertakes no obligation to update or revise these forward-looking statements to reflect new events or uncertainties. The reference and link to the website www.180degreecapital.com has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. 180 is not responsible for the contents of third-party websites.

Note: Cash amounts included in this release are net of unsettled trades.
1. NAV as of the end of Q3 2023 may be materially different than NAV as of the date of this release.