Runway Growth Finance Corp. Announces Third Quarter Regular Dividend of $0.40 and $0.05 Supplemental Distribution
July 31 2024 - 2:03PM
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
third quarter 2024 regular cash distribution of $0.40 per share. In
addition, the Board of Directors declared a supplemental dividend
of $0.05 per share, for the third quarter of 2024.
The following shows the key dates of the third quarter 2024
dividend, including the supplemental dividend:
Declaration Date: July 30, 2024Record Date: August 12, 2024
Payment Date: August 26, 2024
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. Any distribution by the Company will
depend on the Company's earnings, financial condition, maintenance
of regulated investment company status for income tax purposes,
compliance with applicable business development company regulations
and such other factors as the Board of Directors may deem relevant
from time to time. 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, which change over
time. 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, Chief Financial Officer and
Chief Operating Officer, tr@runwaygrowth.com
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