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Stock impact report

Runway Growth Finance: 14% Dividend Yield, 30% Discount To NAV - I'm Not Buying [Seeking Alpha]

Runway Growth Finance Corp. (RWAY) 
Company Research Source: Seeking Alpha
The BDC currently trades at a 14.2% dividend yield. This yield was 130% covered by third-quarter net investment income, with the base distribution down from its year-ago level by 7 cents per share. RWAY is trading at a roughly 30% discount to a NAV of $13.55 per share at the end of the third quarter, with PIK income rising to 11% of NII. EyeEm Mobile GmbH/iStock via Getty Images Runway Growth Finance ( RWAY ) offers a double-digit dividend yield at a deeply double-digit discount to net asset value ("NAV") to provide prospective shareholders with a relative margin of safety. However, the BDC's total investment portfolio is This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of TRIN, HTGC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any com Show less Read more
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