Welcome to our dedicated page for Runway Growth Finance news (Ticker: RWAY), a resource for investors and traders seeking the latest updates and insights on Runway Growth Finance stock.
Runway Growth Finance Corp (Nasdaq: RWAY) delivers flexible capital solutions to growth-stage companies through senior secured loans. This news hub provides investors and stakeholders with timely updates on strategic developments, financial performance, and industry leadership from this specialty finance provider.
Access comprehensive coverage of RWAY's activities in technology, life sciences, and business services sectors. Our curated news stream includes earnings announcements, portfolio company updates, management insights, and strategic partnerships – all essential for assessing the company's credit-first approach to venture debt.
Bookmark this page for direct access to press releases and verified news about RWAY's lending activities, risk management practices, and market positioning. Regular updates ensure you stay informed about this alternative finance leader's role in supporting non-dilutive growth capital solutions.
Runway Growth Finance Corp. (Nasdaq: RWAY) reported strong financial results for the first quarter of 2024, including total investment income of $40.0 million and net investment income of $18.7 million. David Spreng returned as Chairman, President, and CEO. The company's investment portfolio reached $1.02 billion and declared dividends for the second quarter. Runway Growth emphasized maintaining credit quality and underwriting rigor to deploy capital effectively. The net asset value per share was $13.36, with total net assets at $529.5 million. Liquidity stood at $319.9 million, with a core leverage ratio of 91%. The company initiated a share repurchase program and completed investments in new and existing portfolio companies. The recent events showcased the prepaid balance of $25.3 million by Echo360 Inc. on the Company's senior secured loan, declaration of distributions, and share repurchase activities.
Runway Growth Finance Corp. (Nasdaq: RWAY) declares a second quarter 2024 regular dividend of $0.40 per share and a $0.07 supplemental dividend. Key dates include Declaration Date: April 30, 2024, Record Date: May 10, 2024, and Payment Date: May 24, 2024. The Company plans to distribute most of its earnings quarterly, considering various factors. Stockholders can opt out of the dividend reinvestment plan.
FAQ
What is the current stock price of Runway Growth Finance (RWAY)?
What is the market cap of Runway Growth Finance (RWAY)?
