Item 4.01
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Changes in Registrants Certifying Accountant.
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(a) Dismissal of independent registered public accounting firm
On March 11, 2021, the Board of Directors (the Board) of Portman Ridge Finance Corporation (the Company) approved, based on the
recommendation of the Companys Audit Committee (the Audit Committee), the dismissal of KPMG LLP (KPMG) as the Companys independent registered public accounting firm, effective immediately following the completion
of its audit of the Companys financial statements as of and for the year ended December 31, 2020 and the issuance of its report thereon on March 11, 2021.
The audit reports of KPMG on the Companys consolidated financial statements as of and for the fiscal years ended December 31, 2020 and 2019 did not
contain an adverse opinion or a disclaimer of opinion, and they were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended December 31, 2020 and 2019 and through March 11, 2021, there were no disagreements (as defined in Item 304(a)(1)(iv)
of Regulation S-K and the related instructions to Item 304 of Regulation S-K) with KPMG on any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedures which, if not resolved to the satisfaction of KPMG, would have caused KPMG to make reference to the subject matter of the disagreements in connection with its audit report, and there were no
reportable events as that term is defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has
provided KPMG with a copy of the foregoing disclosures and has requested that KPMG furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether KPMG agrees with the above statements. A copy of KPMGs
letter dated March 16, 2021 is filed as Exhibit 16.1 to this Form 8-K.
(b) Engagement of new independent
registered public accounting firm
Based on the recommendation of the Audit Committee, the Board engaged Deloitte & Touche LLP
(Deloitte) to serve as the Companys independent registered public accounting firm, effective immediately upon the dismissal of KPMG as the Companys independent registered public accounting firm.
During the fiscal years ended December 31, 2020 and 2019 and through March 11, 2021, neither the Company nor anyone on its behalf consulted with
Deloitte regarding: (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Companys financial statements, and neither a written
report nor oral advice was provided to the Company that Deloitte concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either
the subject of a disagreement (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions to Item 304 of Regulation S-K) or a
reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).