Business
Trinity Capital Inc. Declares Cash Dividend of $0.61 per Share for the Fourth Quarter of 2022
PHOENIX, Dec. 15, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial
About this update from Trinity Capital Inc.
[{"type":"text","content":"PHOENIX, Dec. 15, 2022 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (\"Trinity Capital\" or the \"Company\"), a leading provider of diversified financial solutions to growth stage companies, today announced that on December 15, 2022, its Board of Directors declared a cash dividend of $0.61 per share with respect to the quarter ending December 31, 2022, consisting of a regular quarterly dividend of $0.46 per share and a supplemental cash dividend of $0.15 per share. This dividend represents an increase of 2.2% over the dividend declared in the prior quarter.\n\n \n \n \n \n \n \n\n \nThis supplemental dividend will be paid out of Trinity Capital's undistributed taxable income (taxable income in excess of dividends paid) as of December 31, 2021.\nThe following are key dates for the regular and new supplemental dividend for the quarter ending December 31, 2022:\nSummary of Fourth Quarter 2022 Regular and Supplemental Dividend:\nDeclaration date\nDecember 15, 2022\nRecord Date\nDecember 30, 2022\nPayment Date\nJanuary 13, 2023\nThe Company's objective is to distribute four quarterly dividends 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 dividends, 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 dividend payments.\nDividends are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the dividends 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 Inc. (Nasdaq: TRIN and TRINL), an internally managed business development company, is a leading provider of diversified financial solutions to growth-stage companies with institutional equity investors. Trinity Capital's investment objective is to generate current income and, to a lesser extent, capital appreciation through investments, including term ...