Runway Growth Announces Fourth Quarter 2021 Dividend of $0.25

Rhea-AI Summary

Runway Growth Finance Corp. (RWAY) declared its fourth quarter 2021 cash distribution of $0.25 per share, marking the company's inaugural quarterly dividend as a publicly traded entity. Key dates include:

• Declaration Date: October 28, 2021
• Record Date: November 8, 2021
• Payment Date: November 22, 2021

This distribution reflects Runway Growth's commitment to distribute substantially all available earnings regularly. The company offers an opt-out dividend reinvestment plan for shareholders.

Positive

• Inaugural quarterly dividend of $0.25 per share demonstrates commitment to returning value to shareholders.
• Fifteenth consecutive quarterly distribution since inception reflects consistent earnings.

Negative

• Risks associated with COVID-19 and market volatility may impact future performance.
• Forward-looking statements indicate uncertainties regarding actual results compared to projections.

WOODSIDE, Calif., Oct. 29, 2021 (GLOBE NEWSWIRE) -- Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth”), a leading provider of flexible capital solutions to late-stage and growth companies seeking an alternative to raising equity, today announced that its Board of Directors has declared a fourth quarter 2021 cash distribution of $0.25 per share. The following shows the key dates of the fourth quarter 2021 dividend:

Declaration Date: October 28, 2021

Record Date: November 8, 2021

Payment Date: November 22, 2021

This distribution marks Runway Growth’s inaugural quarterly dividend as a publicly traded company and our fifteenth consecutive quarterly dividend since we began operations. 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-stage and growth 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:

Alex Straus, Prosek Partners, astraus@prosek.com
Thomas B. Raterman, Chief Financial Officer, tr@runwaygrowth.com

FAQ

What is the dividend amount declared by Runway Growth Finance Corp. (RWAY) for Q4 2021?

Runway Growth Finance Corp. declared a dividend of $0.25 per share for the fourth quarter of 2021.

When is the payment date for the dividend declared by RWAY?

The payment date for the dividend is November 22, 2021.

Is there a dividend reinvestment plan for shareholders of Runway Growth (RWAY)?

Yes, Runway Growth offers an opt-out dividend reinvestment plan for shareholders.

What are the important dates for the RWAY Q4 2021 dividend?

The important dates are: Declaration Date - October 28, 2021; Record Date - November 8, 2021; Payment Date - November 22, 2021.