Dividend PolicyThe base dividend was lowered to $0.33 in accord with a new 'capital preservation' policy.
EarningsRWAY reported NOI of $0.41 per share, below analyst's $0.44 estimate, as the fee / interest haul from CloudPay's prepay were offset by lower avg. leverage and no other repays of significance.
Risk ProfileRWAY is viewed as having a higher risk NOI / NAV profile, owed to large individual credit exposures.