Core Points - Runway Growth Finance Corp. has declared a fourth quarter 2025 cash distribution of $0.33 per share [1] - The declaration date for the dividend is November 5, 2025, with a record date of November 17, 2025, and a payment date of December 3, 2025 [1] - The company intends to distribute substantially all of its available earnings on a quarterly basis, subject to the discretion of its Board of Directors [1] Company Overview - Runway Growth is a specialty finance company that provides flexible capital solutions to late- and growth-stage companies as an alternative to raising equity [2] - The company is a closed-end investment fund regulated as a business development company under the Investment Company Act of 1940 [2] - Runway Growth is externally managed by Runway Growth Capital LLC, an affiliate of BC Partners Advisors L.P., and led by industry veteran David Spreng [2]

Core Points - LM Funding America, Inc. has scheduled its third quarter 2025 earnings conference call for November 14, 2025, at 8:00 AM EST [1] - The company will release its third quarter 2025 results and an investor presentation on the morning of the same day [2] - LM Funding operates as a Bitcoin treasury and mining company, founded in 2008 and based in Tampa, Florida [3] Company Overview - LM Funding America, Inc. is involved in Bitcoin treasury and mining operations [3] - The company also has a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in Florida [3]

Accessibility StatementSkip Navigation NEW YORK, Nov. 5, 2025 /PRNewswire/ -- Blue Owl Technology Finance Corp. (NYSE: OTF) ("OTF" or the "Company") today announced financial results for its third quarter ended September 30, 2025. THIRD QUARTER 2025 HIGHLIGHTS "OTF delivered solid performance in the third quarter, reflecting the continued strength of our differentiated technology portfolio," said Craig W. Packer, Chief Executive Officer. "Net asset value increased, continuing last quarter's trend, and credi ...

Core Insights - Blue Owl Capital Corporation (OBDC) reported strong performance in Q3 2025, highlighting solid credit quality and fundamentals in its portfolio, alongside announcing a merger with OBDC II to enhance long-term shareholder value [2][8]. Financial Performance - Q3 2025 net investment income per share was $0.37, down from $0.42 in Q2 2025 and $0.47 in Q3 2024 [7][30]. - Total investment income decreased to $453.1 million in Q3 2025 from $485.8 million in Q2 2025, primarily due to a decline in prepayment-related income and interest income from debt investments [19][30]. - Total expenses decreased to $260.0 million in Q3 2025 from $266.8 million in Q2 2025, mainly due to lower management and incentive fees [20][30]. Dividend and Shareholder Returns - The Board declared a regular dividend of $0.37 per share for Q4 2025, maintaining the same level as the previous quarter, representing an annualized dividend yield of 9.9% [3][8]. - A new repurchase program was approved, allowing for the repurchase of up to $200 million of common stock over the next 18 months [4][30]. Investment Activity - New investment commitments totaled $1.3 billion in Q3 2025, an increase from $1.1 billion in Q2 2025, with sales and repayments amounting to $797 million [13][14]. - The portfolio consisted of 238 companies with a total fair value of $17.1 billion, with first-lien senior secured debt investments making up 74.4% of the portfolio [11][12]. Portfolio Composition - As of September 30, 2025, the portfolio included 97.4% of debt investments at floating rates, with a weighted average yield of accruing debt and income-producing securities at fair value of 10.3% [12][30]. - Investments on non-accrual represented 1.3% of the portfolio at fair value, up from 0.7% in the previous quarter [8][12]. Merger Announcement - OBDC and OBDC II entered into a definitive merger agreement, with OBDC as the surviving entity, pending shareholder approvals [2][8].

Release Date Transfer Restrictions Released | November 13, 2025 | 11Â | % | | --- | --- | --- | | December 9, 2025 | 11Â | % | | January 20, 2026 | 11Â | % | | February 20, 2026 | 11Â | % | | March 9, 2026 | 11Â | % | | April 20, 2026 | 11Â | % | | May 20, 2026 | 11Â | % | | June 12, 2026 | 11Â | % | Following this amendment, shares still subject to transfer restrictions will be released in accordance with the following schedule: Approximate Percentage of Shares Subject to Accessibility StatementSkip Naviga ...

Core Viewpoint - Monroe Capital Corporation reported its financial results for the third quarter of 2025, highlighting a decrease in net investment income and net asset value, while announcing a merger with Horizon Technology Finance Corporation that is expected to close in the first quarter of 2026, aiming to create long-term value for shareholders [3][5][31]. Financial Highlights - Adjusted Net Investment Income for Q3 2025 was $1.9 million, or $0.09 per share, down from $3.3 million, or $0.15 per share in Q2 2025 [5][13]. - Net Asset Value (NAV) decreased to $173.0 million, or $7.99 per share, from $179.6 million, or $8.29 per share in the previous quarter [5][8]. - Total investment income for Q3 2025 was $8.2 million, a decline from $9.9 million in Q2 2025, primarily due to decreases in dividend income and interest income [14][30]. Operational Performance - The company experienced a net loss of $(3.0) million for Q3 2025, compared to a net loss of $(5.2) million in Q2 2025, driven by mark-to-market declines in certain portfolio companies [16][29]. - Total expenses for Q3 2025 were $6.4 million, slightly down from $6.6 million in Q2 2025, mainly due to lower professional fees and management fees [15][30]. Portfolio Overview - As of September 30, 2025, investments at fair value totaled $360.7 million, down from $367.7 million in the previous quarter, with 79 portfolio company investments [7][10]. - The percentage of portfolio company investments on non-accrual status was 3.5%, a slight decrease from 3.6% in the prior quarter [10]. Liquidity and Capital Resources - The company had $3.5 million in cash and cash equivalents and $212.8 million in total debt as of September 30, 2025 [18][26]. - Approximately $92.2 million was available for additional borrowings on its revolving credit facility [18]. Merger and Future Outlook - The anticipated merger with Horizon Technology Finance Corporation is expected to unlock significant value and provide long-term upside for shareholders [3][31].

Core Viewpoint - The merger between Blue Owl Capital Corporation (OBDC) and Blue Owl Capital Corporation II (OBDC II) aims to create a stronger, more efficient business development company (BDC) with enhanced scale and cost efficiencies, positioning OBDC as the second largest publicly traded BDC by total assets [1][2]. Transaction Details - The merger agreement has been unanimously approved by the boards of both companies and is subject to shareholder approvals and customary closing conditions [1][9]. - Shareholders of OBDC II will receive newly issued shares of OBDC based on a predetermined exchange ratio, with no fractional shares issued [3][4]. - The merger is expected to close in the first quarter of 2026, pending necessary approvals [9]. Financial Impact - The pro forma investment portfolio of OBDC is projected to increase by $1.7 billion to approximately $18.9 billion across 239 portfolio companies [6]. - The combined company will maintain 80% of senior secured investments, with only 1.3% of pro forma investments at fair value on non-accrual [6]. - The merger is anticipated to generate approximately $5 million in operational cost savings in the first year, enhancing overall financial performance [6]. Strategic Benefits - The merger simplifies Blue Owl's BDC structure and enhances liquidity for shareholders, potentially attracting a broader investor base [6]. - The transaction is expected to improve the cost of debt and financing terms over time, benefiting shareholders through lower expenses and higher asset yields [6]. Management and Governance - The combined entity will continue to be externally managed by Blue Owl Credit Advisors LLC, with all current OBDC officers and directors retaining their roles [8]. - A new stock repurchase program has been approved, allowing OBDC to repurchase up to $200 million of its common stock over the next 18 months [8].

Core Insights - Encore Capital Group reported strong financial performance in Q3 2025, with significant increases in portfolio purchases and collections, leading to a substantial rise in earnings per share [2][5][4]. Financial Performance - Portfolio purchases reached $346 million, a 23% increase compared to Q3 2024, with U.S. purchases at $261 million, up 13% year-over-year [2][4]. - Record collections amounted to $663 million, reflecting a 20% increase from the previous year, with U.S. collections at $502 million, up 25% [2][4]. - Earnings per share for Q3 2025 were $3.17, a remarkable 152% increase from $1.26 in Q3 2024 [2][4]. Business Segments - The U.S. MCM business showed strong results, with portfolio purchases of $261 million and record collections of $502 million [2]. - The Cabot business in Europe reported portfolio purchases of $85 million and collections of $160 million, an 8% increase compared to the same quarter last year [2]. Guidance and Future Outlook - The company raised its global collections guidance for the full year 2025 to approximately $2.55 billion, indicating an 18% year-over-year growth [2]. - Portfolio purchasing guidance remains unchanged, with expectations to exceed $1.35 billion in purchases made in 2024 [2]. Share Repurchase Program - The company repurchased $10 million of its common stock in Q3 and nearly $25 million in Q4 to date, totaling approximately $60 million year-to-date [3]. - The board authorized an additional $300 million to its existing share repurchase program [3].

Financial Data and Key Metrics Changes - The company reported a net investment income (NII) of $2.4 million, or $0.20 per share, down from $5.9 million, or $0.51 per share, in the second quarter of 2025 [11][12] - Net asset value (NAV) per share decreased to $10.01 from $12.10, primarily due to losses associated with First Brands [9][12] - The asset coverage ratio was 168.2%, slightly down from 169.5% as of June 30 [12] Business Line Data and Key Metrics Changes - The CLO joint venture (JV) generated $1.5 million in the third quarter, a decline from $4.3 million in the second quarter [7][11] - The company received $4.3 million in distributions from the CLO JV in the fourth quarter to date, with expectations for further distributions [7][28] Market Data and Key Metrics Changes - The company experienced a significant adverse impact on NAV due to First Brands' bankruptcy, which affected NAV by approximately $16.5 million [4][11] - The investment in CW Opportunity 2 LP saw a decline in fair value, with CoreWeave common stock dropping approximately 16% in the quarter [9] Company Strategy and Development Direction - The company plans to focus on increasing allocations to first lien senior secured investments to enhance portfolio quality [13] - A $10 million share repurchase program has been approved by the board, alongside a $0.37 dividend for the fourth quarter [6][12] - The company aims to diversify its portfolio and reduce average position sizing as it deploys capital [6][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to rebuild income and NAV, emphasizing a strong capital position and focus on risk management [6][10] - The company is taking a measured approach to new originations, prioritizing credit fundamentals and downside protection [17] - Management noted that the exposure to First Brands was too large and highlighted the importance of portfolio diversification moving forward [6][9] Other Important Information - The company has over $25 million in cash to deploy and $50 million available under its revolver, providing significant financial flexibility [17] - The company is actively working to monetize non-yielding equity investments to reinvest in cash-generating opportunities [15][17] Q&A Session Summary Question: Inquiry about CoreWeave capital distributions - Management confirmed that distributions received cover the cost basis of the investment, with future distributions expected to generate additional capital for reinvestment [23][24] Question: Clarification on the $20 million capital from non-yielding assets - Management indicated that the $20 million includes CoreWeave and other identified non-yielding assets expected to be harvested [25][26] Question: Discussion on the current investment pipeline - Management noted that while spreads in public markets are tight, they are focused on secured and income-generating opportunities, with a robust deal pipeline [27]

Core Insights - LM Funding America, Inc. reported a preliminary operational update for October 2025, highlighting a significant increase in Bitcoin production due to the optimization of its Mississippi facility [1][2]. Operational Performance - In October 2025, the company mined 7.5 Bitcoin, representing a 27% increase from September 2025's production of 5.9 Bitcoin [2]. - The total Bitcoin sold in October was 17.0 Bitcoin, up from 12.5 Bitcoin in September [2]. - The company's Bitcoin holdings decreased from 304.5 Bitcoin in September to 294.9 Bitcoin in October [2]. Infrastructure and Capacity - The Mississippi facility, which became fully operational in October, contributed to the increased production [2]. - The company secured 320 immersion-cooled S21 units, expected to generate an additional 68.8 PH for the upcoming 2 MW Oklahoma expansion, set to go online in December [2]. Financial Strategy - The company sold more Bitcoin than usual to fund the purchase of new mining machines, deploying $8 million of its $11 million Galaxy facility for a private repurchase of 3,308,575 shares, which is 24% of its outstanding shares [2]. - The estimated value of the company's Bitcoin holdings as of October 31, 2025, was approximately $31.9 million, equating to $2.70 per share based on a Bitcoin price of approximately $108,300 [2]. Future Outlook - The company aims to continue increasing production and efficiency, enhance Bitcoin per share and mNAV, and grow its Bitcoin treasury [2]. - The management believes that the current market discount to its Bitcoin holdings presents an opportunity to build long-term value per share [2].