Runway Growth Finance Corp. reported total investment income of $36.7 million for the third quarter ended September 30, 2024, a decrease from $43.8 million in the comparable prior-year period. Net investment income for the quarter was $15.9 million, or $0.41 per share, compared to $22.0 million, or $0.54 per share, in the third quarter of 2023.
The company's dollar-weighted annualized yield on average debt investments for the quarter was 15.9%. The investment portfolio had an aggregate fair value of approximately $1.07 billion across 57 portfolio companies, with $1.00 billion in term loans, 98.6% of which were senior secured loans, and $62.2 million in warrants and other equity-related investments.
Net asset value per share stood at $13.39 as of September 30, 2024, down from $14.08 in the prior year. Available liquidity was $251.6 million, including $3.6 million in cash and $248.0 million in available borrowing capacity. The Board of Directors declared a regular quarterly distribution of $0.40 per share for the fourth quarter of 2024, payable on December 2, 2024.
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