Business
Trinity Capital Inc. Declares Cash Dividend of $0.36 per Share for the Fourth Quarter of 2021
PHOENIX, Dec. 20, 2021 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading specialty lending company that
About this update from Trinity Capital Inc.
[{"type":"text","content":"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.\n\n \n \n \n \n \n \n\n \nThe following shows the key dates of the fourth quarter 2021 dividend:\nDeclaration date\nDecember 16, 2021\nRecord Date\nDecember 31, 2021\nPayment Date\nJanuary 14, 2022\nThe 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.\nDistributions 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.\nAbout Trinity Capital Inc.\nTrinity 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...