Welcome to our dedicated page for Trinity Capital news (Ticker: TRIN), a resource for investors and traders seeking the latest updates and insights on Trinity Capital stock.
Trinity Capital Inc. (NASDAQ: TRIN), a premier specialty lending company, provides diversified financial solutions to growth-stage businesses, particularly venture-backed firms and those with institutional equity investors. Since its inception in 2008, Trinity has established itself as a preferred partner for venture loans and equipment leases, working closely with leading venture capital firms to support companies across various industries, including software, healthcare, clean technology, and more.
Trinity's core business revolves around offering debt, including loans and equipment financing, aimed at fueling the growth and extending the runway of high-potential startups. The company's equipment financings involve loans for both general and specific use, secured by either the equipment itself or other assets of the portfolio company.
Trinity's recent achievements include the successful issuance of $100 million in aggregate principal amount of 7.875% notes due 2029, showcasing its robust financial health and ability to attract investor confidence. The company has also adjusted the conversion rate of its 6.00% Convertible Notes due 2025, reflecting its commitment to providing value to its investors through regular dividends and strategic financial maneuvers.
In addition to its strong financial performance, Trinity has expanded its reach globally, establishing a European team led by seasoned industry expert Craig Fox. This strategic expansion aligns with Trinity's long-term vision to support high-growth companies on a global scale, capitalizing on the vibrant tech landscape and venture capital activities in Europe.
Trinity's notable partnerships include a $125 million warehouse facility provided in collaboration with Silicon Valley Bank to fintech infrastructure startup Parafin. This partnership exemplifies Trinity's role in empowering innovative companies with flexible capital solutions, enabling them to scale their operations effectively.
The company's financial results for the first quarter of 2024 highlight its strong operational performance, with total investment income reaching $50.5 million, a significant increase from the previous year. Trinity continues to demonstrate resilience and adaptability, maintaining a diverse portfolio with an aggregate fair value of approximately $1.4 billion and a focus on first lien loans secured by high-quality assets.
For more information about Trinity Capital Inc., please visit their website at www.trinitycap.com.
Trinity Capital Inc. (NASDAQ: TRIN) has successfully closed a public offering of $125 million in 4.375% Notes due 2026. The notes will mature on August 24, 2026, and are redeemable at Trinity's discretion. The company expects to net approximately $122 million from this offering, which will be used to reduce existing debt, fund investments, and for general corporate purposes. Goldman Sachs & Co. LLC and Keefe, Bruyette & Woods, Inc. managed the offering. This action aligns with Trinity's strategy of providing financing to growth-stage companies.
Trinity Capital Inc. (TRIN) reported strong Q2 2021 results with total investment income of $19.5 million, up 40.7% year-over-year, and net investment income of $10.1 million ($0.38/share), a 49.1% increase. The company funded $122.4 million across new and existing portfolio companies, with total commitments reaching $126.5 million. Net asset value (NAV) per share rose to $14.33, from $13.69. A dividend of $0.29 per share was declared. Liquidity stands at $107 million, supporting continued investment growth.
Trinity Capital Inc. (Nasdaq: TRIN) will release its second quarter 2021 financial results after market close on August 5, 2021. A conference call to discuss these results is scheduled for 2:00 p.m. PT (5:00 p.m. ET). Interested participants can join the call by dialing (877) 876-9176 or (785) 424-1670 internationally. A taped replay will be available shortly after the call until August 12, 2021. A live webcast of the conference call will be accessible on Trinity's investor relations website, with a replay available for 90 days following the call.
Trinity Capital Inc. (Nasdaq: TRIN) announced a cash dividend of $0.29 per share for the quarter ending June 30, 2021, declared on June 15, 2021. Key dates include the Record Date on June 30, 2021 and the Payment Date on July 15, 2021. The company aims to distribute approximately 90% to 100% of its taxable income quarterly to maintain its regulated investment company status. Distributions may include a return of capital and/or capital gains, with tax characteristics reported on Form 1099-DIV.
Trinity Capital Inc. (Nasdaq: TRIN) has scheduled the release of its first quarter 2021 financial results for May 6, 2021, after market close. The company will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss these results. Interested listeners can participate by dialing (888) 285-0969 or (706) 758-9224 internationally, using Conference ID: 4999186. A replay will be available for two weeks following the call. Trinity Capital specializes in providing debt solutions to growth stage companies, aiming for current income and capital appreciation.
Trinity Capital Inc. (Nasdaq: TRIN) announced a cash dividend of $0.28 per share for Q1 2021, declared on March 23, 2021. The record date for this distribution is March 31, 2021, with payment scheduled for April 16, 2021. The company aims to distribute approximately 90-100% of its taxable income annually to maintain its status as a regulated investment company. Distributions may include return of capital and capital gains and will be reported to shareholders on Form 1099-DIV after the year-end.
Trinity Capital Inc. (Nasdaq: TRIN) reported strong financial results for Q4 2020, with total investment income of $15.3 million, leading to net investment income of $5.3 million ($0.29 per share). Total gross investments funded reached $102.5 million, and the investment portfolio expanded to $493.7 million at fair value. The net asset value per share rose to $13.03, with a quarterly dividend of $0.27 declared. For the full year, total investment income was $55.0 million, with net investment income of $23.4 million ($1.29 per share).
Trinity Capital Inc. (Nasdaq: TRIN) has announced the release of its fourth quarter and full year 2020 financial results on March 4, 2021, after market close. A conference call to discuss these results will take place at 2:00 p.m. PT (5:00 p.m. ET). Interested parties can listen in via phone or through a live webcast on Trinity's website. A replay of the call will be accessible for approximately 90 days following the event. Trinity is a provider of debt financing to growth-stage companies, focusing on generating current income.
Trinity Capital Inc. (Nasdaq: TRIN) announced the closing of its initial public offering, selling 8,481,565 shares at $14.00 each, yielding net proceeds of approximately $105.4 million. The offering consisted of 8,006,291 shares sold by Trinity and 475,274 shares by selling stockholders, including the full exercise of underwriters' options for 1,106,291 additional shares. Proceeds will be utilized to reduce existing debt, make investments aligned with its objectives, and for general corporate purposes. Trinity specializes in providing debt to growth-stage companies.
Trinity Capital priced its initial public offering of 7,375,274 shares at $14.00 per share, with 6,900,000 shares offered by the company and 475,274 by selling stockholders. Trading is set to begin on January 29, 2021, under the symbol TRIN. The underwriters have an option for an additional 1,106,291 shares. Proceeds will partially pay down existing debt and support further investments. The offering is subject to customary closing conditions, and delivery of shares is expected by February 2, 2021.
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