GlobeNewswire·Jul 6, 2026, 1:47 PM ET

Bulldog Investors Calls on Runway Growth Finance Corp. (RWAY) to Expand Its Share Repurchase Program

Bulldog Investors, LLP, holding 1,127,854 shares representing over 3% of Runway Growth Finance Corp. (NASDAQ: RWAY), is demanding a material expansion of the company's share repurchase program.
Runway's stock price has fallen to $5.49 as of July 2, 2026, trading at a 55% discount to its net asset value of $12.13, down from a five-year peak of nearly $15.
Bulldog argues that issuing new loans is no longer viable because the market devalues them by over 50%, & that the best use of capital is buying back shares or reducing debt to prevent leverage ratios from rising.
The firm states that an orderly liquidation would yield shareholders more than double the current market value of their shares.
Bulldog warns that if management fails to expand share buybacks & stop issuing devalued loans, it may nominate directors to pursue a transaction maximizing shareholder value, which could include winding up the company.