Business
Runway Growth Announces Third Quarter 2022 Dividend of $0.33
WOODSIDE, Calif., July 29, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital
About this update from Runway Growth Finance Corp.
[{"type":"text","content":"WOODSIDE, Calif., July 29, 2022 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), 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 2022 cash distribution of $0.33 per share. This dividend represents an increase of 10% over the dividend declared in the prior quarter; and the third consecutive quarter of dividend increases since becoming a listed company. The following shows the key dates of the third quarter 2022 dividend: Declaration Date: July 28, 2022Record Date: August 9, 2022Payment Date: August 23, 2022 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, as amended. 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 signif...