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Runway Growth Finance Corp (RWAY)

BDC - Debt Focused BDC

Data as of Sept. 29, 2023
Market Price $12.82 (- $0.06)
NAV (June 30, 2023) $14.17 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -9.53% (-0.42%)
Fund Info
Inception Oct. 21, 2021
Sponsor Runway Growth Capital
Website https://investors.runw...
Location Illinois
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: Invest in senior secured term loans and other senior debt obligations
Related Indexes
Debt-Focused Business Development Company (BDC) Index
High Income Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 40,509,269
Total Assets (Reported: June 30, 2023) $1,141M
Estimated Total Assets $1,103M
Net Assets $574M
Market Cap $519M
Portfolio Turnover 11.44%
Debt-to-Equity 0.9536
Total Leverage 47.94%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 15.38%
Non Lev Exp Ratio 7.48%
Gross Asset Expense Ratio 7.78%
Gross Asset Non Lev Exp Ratio 3.79%
Rel Lev Cost 8.34%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -24.66%
Discount High(3 Yr) 0.82%
Discount Rel Range (3 Yr) 59.40%
Comp Discount -3.54
Discount St Dev (1Yr) 4.53
Z-Stat (6mo) 0.75
Z-Stat (1Yr) 0.83
Z-Stat (3Yr)
Comp Z-Stat (6mo) 0.27
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 12.48%
Income Yield 12.48%
Lev Adj NAV Yield 7.63%
Av Yield on Debt Investments 16.69
Distribution Frequency Q
Current Distribution $0.400
Current Income $0.400
Ex-Date 8/14/23
Payable Date 8/31/23
Div Growth (3yr) %
Dividend Change 11.1% on 2/23/23
Expected Div 10/31/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $1,239
Avg Volume 30 day 73,626
Avg Volume 90 day 96,667
Volume Trend -23.84%
Comp Volume Trend -29.58%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): BBDC 67.0%
Price St Dev (1Yr) 30.8%
NAV St Dev (1Yr) 1.5%
Earnings / Share (6/30/23) $0.486
Adj Core NII Coverage 121.43%
1 Yr Avg NII Coverage 111.61%
1 Yr Avg Adj Core NII Coverage 111.61%
NII Trend 15.57%
Adj Core NII Trend 15.57%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 2.52%
% Loans with Libor Floor 95%

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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