Trinity CapitalNASDAQ: TRIN

PHOENIX , Nov. 12, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $40 million in growth capital to Impress, a leading orthodontic chain in Europe, specializing in invisible aligners. Headquartered in Barcelona, Spain, Impress' network of clinics spans multiple European countries and serves over 250,000 patients annually.

TRIN intends to reward its shareholders with the announcement of a new share repurchase program. Additionally, dividend payouts will enhance shareholder value.

PHOENIX , Nov. 7, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced that its board of directors has authorized a program for the purpose of repurchasing up to $30 million worth of the Company's common stock. Under the repurchase program, Trinity may, but is not obligated to, repurchase its outstanding common stock in the open market from time to time, provided that Trinity complies with applicable policies and laws, including certain price, market, volume, and timing constraints specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended.

Return on average equity of 16.2% NII climbs to a record of $29.4 million, or $0.54 per share Total investment income grows 33% year-over-year PHOENIX , Oct. 30, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights Record total investment income of $61.8 million, an increase of 33.2% year-over-year Record net investment income ("NII") of $29.4 million, or $0.54 per basic share Net increase in net assets resulting from operations of $24.4 million, or $0.45 per basic share 16.2% Return on Average Equity "ROAE" (NII/Average Equity) 7.1% Return on Average Assets "ROAA" (NII/Average Assets) Net Asset Value of $756.8 million, or $13.13 per share at the end of Q3 Total gross investment commitments of $629.2 million Total gross investments funded of $459.0 million, comprised of $254.5 million in 11 new portfolio companies, $202.3 million across 20 existing portfolio companies and $2.2 million in the multi-sector holdings Total investment exits and repayments of $198.4 million, including $100.4 million from early debt repayments and refinancings, $56.8 million from scheduled/amortizing debt payments and $41.2 million from investments sold primarily to multi-sector holdings Total platform assets under management ("AUM") increased to a total of $2.0 billion, up 54% year-over-year 19th consecutive quarter of a consistent or increased regular dividend, with a third quarter distribution of $0.51 per share "Trinity's record third-quarter performance is a testament to our team's focus on disciplined underwriting and proactive portfolio management," said Kyle Brown, Chief Executive Officer of Trinity.

PHOENIX , Oct. 30, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced it has closed a private notes offering totaling $142.5 million in aggregate principal amount of unsecured Series A Notes (as defined below). "We are pleased by this transaction being oversubscribed from the launch amount of $100 million," said Kyle Brown, Chief Executive Officer of Trinity Capital.

Trinity Capital offers a high 15% dividend yield, but investors should be cautious due to recent disappointments from other BDCs. The BDC's originations in Q3'24 grew due to high demand for new capital in the technology sector. Despite a current dividend coverage ratio of 1.04X, Trinity Capital's net investment income and coverage ratio have declined over the last four quarters.

PHOENIX , Oct. 10, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the commitment of $40 million in growth capital to Beam Benefits ("Beam"), a digitally native employee benefits company. Founded in 2012, Beam began by modernizing dental benefits.

Trinity Capital offers a solid double-digit dividend yield, focusing on venture debt and equipment financing. TRIN's valuation looks more attractive than the last time we checked in on this BDC, suggesting a better value for adventurous investors to take a position. Internally managed BDCs like TRIN often trade at higher premiums; comparisons to peers like MAIN and HTGC highlight TRIN's potential for some expansion there.

PHOENIX , Oct. 2, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its third quarter 2024 financial results before market open on Wednesday, October 30, 2024. The Company will discuss its financial results on a conference call later that day at 9:00 a.m.