earnings
confidence high
sentiment neutral
materiality 0.65
Runway Growth Q3 NII $0.41/share; NAV $13.39; $0.40 dividend; adviser sale to BC Partners
Runway Growth Finance Corp.
2024-Q3 EPS reported
$1.15
- Total investment income $36.7M, net investment income $15.9M ($0.41/share) vs $22.0M ($0.54) year ago.
- NAV per share $13.39, down from $14.08 a year ago; total net assets $507.4M (-11% YoY).
- Funded $74M in net loans across two new and four existing portfolio companies and one JV; received $75M principal prepayments.
- Declared Q4 regular dividend $0.40/share, payable Dec 2 to holders of record Nov 18.
- Adviser RGC to be acquired by BC Partners; stockholder vote on new advisory agreement set for Dec 13.