Exhibit (s)

Calculation of Filing Fee Tables

Form N-2

(Form Type)

Portman Ridge Finance Corporation

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered and Carry Forward Securities

Security Type

Security Class Title

Fee Calculation  or Carry Forward Rule

Amount Registered (1)

Proposed Maximum Offering Price Per Share (1)

Maximum Aggregate Offering Price (1)

Fee Rate

Amount of Registration  Fee (1)(6)

Carry Forward  Form Type

Carry Forward File Number

Carry Forward Initial Effective Date

Filing Fee Previously Paid in Connection with Unsold  Securities to be Carried Forward

Fees to be Paid

Equity

Common Stock, $0.01 par value per share

Equity

Preferred Stock, $0.01 par value per share

Equity

Subscription Rights

Other

Warrants

Debt

Debt Securities

Unallocated (Universal) Shelf

Unallocated (Universal) Shelf

Carry Forward Securities

Equity

Common Stock, $0.01 par value per share (2)(3)

415(a)(6)

Equity

Preferred Stock, $0.01 par value per share (2)

415(a)(6)

Equity

Subscription Rights (2)

415(a)(6)

Other

Warrants (4)

415(a)(6)

Debt

Debt Securities (5)

415(a)(6)

Unallocated (Universal) Shelf

Unallocated (Universal) Shelf

415(a)(6)

$500,000,000 (7)

N-2

333-260072

December 2, 2021

$46,350

Total Offering Amounts

$500,000,000 (6)(7)

—

—

Total Fees Previously Paid

—

Total Fee Offsets

—

Net Fee Due

$0

(1) Estimated solely for the purpose of calculating the registration fee. Pursuant to Rule 457(o) of the rules and regulations under the Securities Act of 1933, as amended (the “Securities Act”), which permits the registration fee to be calculated on the basis of the maximum offering price of all the securities listed, the table does not specify by each class information as to the amount to be registered, proposed maximum offering price per unit or proposed maximum aggregate offering price.

(2) Subject to Note 6 below, there is being registered hereunder an indeterminate amount of common stock, preferred stock, or subscription rights as may be sold, from time to time.

(3) Includes such indeterminate number of shares of the Registrant’s common stock as may, from time to time, be issued upon conversion or exchange of other securities registered hereunder, to the extent any such securities are, by their terms, convertible or exchangeable for common stock.

(4) Subject to Note 6 below, there is being registered hereunder an indeterminate amount of the Registrant’s warrants as may be sold, from time to time, representing rights to purchase common stock, preferred stock or debt securities of the Registrant.

(5) Subject to Note 6 below, there is being registered hereunder an indeterminate number of debt securities of the Registrant as may be sold, from time to time. If any debt securities of the Registrant are issued at an original issue discount, then the offering price shall be in such greater principal amount as shall result in an aggregate price to investors not to exceed $500,000,000.

(6) In no event will the aggregate offering price of all securities issued from time to time pursuant to this registration statement exceed $500,000,000.

(7) Pursuant to Rule 415(a)(6) under the Securities Act, this registration statement includes $500,000,000 aggregate principal offering price of the Registrant’s unsold securities (the “Unsold Securities”) that were previously registered for sale under a Registration Statement on Form N-2 (File No. 333-260072), which was initially filed on October 5, 2021, amended on November 23, 2021, and declared effective on December 2, 2021 (the “Prior Registration Statement”). The Registrant previously paid filing fees in the aggregate of $46,350 relating to the Registrant’s securities registered on the Prior Registration Statement. Pursuant to Rule 415(a)(6) under the Securities Act, the filing fees previously paid with respect to the Unsold Securities will continue to be applied to such Unsold Securities. Pursuant to Rule 415(a)(6) under the Securities Act, the offering of Unsold Securities under the Prior Registration Statement will be deemed terminated as of the date of effectiveness of this registration statement.