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Stock impact report

Runway Growth Finance outlines $1.2B portfolio target through SWK Holdings acquisition while boosting healthcare exposure to 31% [Seeking Alpha]

SWK Holdings Corporation (SWKH) 
NASDAQ:AMEX Investor Relations: swkhold.com/investor-relations
Company Research Source: Seeking Alpha
CEO David Spreng highlighted the completion of a definitive merger agreement to acquire SWK Holdings, describing it as a strategic move to “immediately scale our portfolio by an estimated $242 million, accelerating Quick Insights The SWK acquisition will immediately increase portfolio size by $242 million, scale the total portfolio to $1.2 billion pro forma, and raise healthcare/life sciences exposure from 14% to 31%, enhancing diversification and growth. Management expects mid-single-digit run rate net investment income accretion in the first full quarter post-acquisition, with potential for ROE expansion, improved dividend coverage, and a generally enhanced earnings profile. Management anticipates Q4 earnings will cover the base dividend and plans to pay up to 50% of delta between NII per share and the base dividend; integration of SWK is expected to further improve dividend coverage. More Trending News Show less Read more
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