Trinity Capital Inc. Declares Cash Dividend of $0.36 per Share for the Fourth Quarter of 2021

Rhea-AI Summary

On December 16, 2021, Trinity Capital (Nasdaq: TRIN) declared a cash dividend of $0.36 per share for the fourth quarter ending December 31, 2021. This marks a 9% increase from the previous quarter's dividend. The dividend is part of Trinity's strategy to distribute 90% to 100% of its taxable income to qualify as a regulated investment company. Key dates include a record date of December 31, 2021, and a payment date of January 14, 2022. All distributions are reported for tax purposes via Form 1099-DIV.

Positive

• Dividend increased by 9% to $0.36 per share, indicating strong financial health and shareholder value.
• Company's objective to distribute 90% to 100% of taxable income suggests a shareholder-friendly policy.

Negative

• None.

PHOENIX, Dec. 20, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, today announced that on December 16, 2021, its Board of Directors declared a distribution of $0.36 per share with respect to the quarter ending December 31, 2021. This dividend represents an increase of 9.0% over the dividend declared in the prior quarter.

The following shows the key dates of the fourth quarter 2021 dividend:

Declaration date	December 16, 2021
Record Date	December 31, 2021
Payment Date	January 14, 2022

The Company's objective is to distribute four quarterly distributions in an amount that approximates 90% to 100% of its taxable quarterly income or potential annual income for a particular year in order to qualify for tax treatment as a regulated investment company under the Internal Revenue Code of 1986. In addition, during any particular year, the Company may pay additional supplemental distributions, so that the Company distributes approximately all its annual taxable income in the year it was earned, or it may spill over the excess taxable income into the coming year for future distribution payments.

Distributions are paid from taxable earnings and may include a return of capital and/or capital gains.  The specific tax characteristics of the distributions will be reported to stockholders on Form 1099-DIV after the end of the calendar year and in the Company's periodic reports filed with the Securities and Exchange Commission.

About Trinity Capital Inc.

Trinity Capital (Nasdaq: TRIN), an internally managed specialty lending company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended, is a leading provider of debt, including loans and equipment financing, to growth stage companies, including venture-backed companies and companies with institutional equity investors. Trinity's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments consisting primarily of term loans and equipment financings and, to a lesser extent, working capital loans, equity and equity-related investments. Trinity believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience, and track record in lending to growth stage companies.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties, including the impact of the COVID 19 pandemic on the economy, financial markets, our business, our portfolio companies and our industry. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission ("SEC"). The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. More information on risks and other potential factors that could affect the Company's financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein or on the webcast/conference call, is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed annual report on Form 10-K and subsequent SEC filings.

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SOURCE Trinity Capital Inc.

FAQ

What is the dividend amount declared by Trinity Capital Inc. for Q4 2021?

Trinity Capital Inc. declared a dividend of $0.36 per share for the fourth quarter of 2021.

When will Trinity Capital Inc. pay its Q4 2021 dividend?

The payment date for the Q4 2021 dividend is January 14, 2022.

What is the record date for Trinity Capital Inc.'s Q4 2021 dividend?

The record date for the Q4 2021 dividend is December 31, 2021.

How often does Trinity Capital Inc. pay dividends?

Trinity Capital Inc. aims to distribute dividends quarterly.