Runway Growth Finance Corp. Announces Fourth Quarter Dividend of $0.40 with $0.06 Supplemental Distribution
November 03 2023 - 8:30AM
Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the
“Company”), a leading provider of flexible capital solutions to
late- and growth-stage companies seeking an alternative to raising
equity, today announced that its Board of Directors has declared a
fourth quarter 2023 cash distribution of $0.40 per share. In
addition, the Board of Directors declared a supplemental dividend
of $0.06 per share, for the fourth quarter of 2023.
The following shows the key dates of the fourth quarter 2023
dividend, including the supplemental dividend:
Declaration Date: November 2, 2023Record Date: November 13, 2023
Payment Date: November 28, 2023
Runway Growth generally intends to distribute, out of assets
legally available for distribution, substantially all of its
available earnings, on a quarterly basis, subject to the discretion
of the Board of Directors. The Company also maintains an “opt out”
dividend reinvestment plan, as amended, for its stockholders. As a
result, if the Company declares a distribution, then stockholders
who have not opted out of the dividend reinvestment plan will have
their cash dividends automatically reinvested in additional shares
of the Company’s common stock.
About Runway Growth Finance Corp. Runway Growth
is a growing specialty finance company focused on providing
flexible capital solutions to late- and growth-stage companies
seeking an alternative to raising equity. Runway Growth is a
closed-end investment fund that has elected to be regulated as a
business development company under the Investment Company Act of
1940. Runway Growth is externally managed by Runway Growth Capital
LLC, an established registered investment advisor that was formed
in 2015 and led by industry veteran David Spreng. For more
information, please visit www.runwaygrowth.com
Forward-Looking Statements Statements included
herein may constitute “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements other than statements of historical facts included in
this press release may constitute forward-looking statements and
are not guarantees of future performance, condition or results and
involve a number of risks and uncertainties, including the impact
of COVID-19 and related changes in base interest rates and
significant market volatility on our business, our portfolio
companies, our industry and the global economy. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in Runway Growth’s filings with the Securities and Exchange
Commission. Runway Growth undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this press release.
IR Contacts: Stefan Norbom, Prosek Partners,
snorbom@prosek.comThomas B. Raterman, Acting President, Chief
Financial Officer and Chief Operating Officer,
tr@runwaygrowth.com
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