Triplepoint Ven Stock Price, News & Analysis

TriplePoint Venture Growth BDC Corp. (TPVG) will announce its first-quarter financial results for the period ending March 31, 2023, after market-close on May 3, 2023. A conference call will be held at 5:00 p.m. ET on the same day, featuring key executives including CEO James P. Labe and CFO Christopher M. Mathieu. Investors can participate by dialing in or via live audio webcast on the company’s website. The call will be archived for one year. TriplePoint specializes in offering customized debt financing and equity investments to venture growth-stage companies in high-growth sectors, backed by leading venture capital firms. For more information, visit www.tpvg.com.

TriplePoint Venture Growth BDC Corp. (TPVG) announced record financial results for Q4 and FY 2022, achieving net investment income of $20.5 million ($0.58 per share) in Q4 and $63.6 million ($1.94 per share) for the year. Total investment income reached $34.9 million in Q4 and $119.4 million for FY 2022. Following these results, the board declared an 8% increase in the first-quarter distribution to $0.40 per share. The company also reported a net asset value of $419.9 million ($11.88 per share) and a 1.36x leverage ratio. During 2022, TPVG signed $1.95 billion in term sheets and funded $416.6 million in debt investments, highlighting robust growth despite net realized losses on investments totaling $29 million in Q4.

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) is set to announce its financial results for the fourth quarter and fiscal year ending December 31, 2022 after market close on March 1, 2023. During a conference call at 5:00 p.m. ET, CEO James P. Labe and other executives will discuss the results. Investors can join the call by dialing (844) 826-3038 domestically or +1 (412) 317-5184 internationally. The call will also be available via a live audio webcast on the Company’s website, with a replay accessible until April 1, 2023.

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) declared a special distribution of $0.10 per share, payable on December 30, 2022, to shareholders on record as of December 22, 2022. This special distribution contributes to the total declared distributions of $1.55 per share in 2022, bringing the cumulative amount since its IPO to $13.05 per share. The company has an estimated $18.5 million undistributed taxable income as of September 30, 2022. Shareholders can choose to receive the payment in cash or reinvest in shares.

TriplePoint Venture Growth BDC Corp. (TPVG) announced a record portfolio fair value of $962 million and net investment income of $0.51 per share for Q3 2022. The Board declared a $0.37 per share distribution for Q4 2022, up from $0.36. Key highlights include signing $268.8 million in term sheets, closing $103.3 million in new debt commitments, and a 15.4% return on average equity. Despite net realized losses of $13.2 million, TPVG remains well-positioned with $244 million in liquidity and a 1.15x leverage ratio.

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced its third-quarter financial results will be released on November 2, 2022, after market close. A conference call will follow at 5:00 p.m. ET, featuring CEO James P. Labe and other executives. Investors can join via phone or a live audio webcast available on the company's website. TriplePoint focuses on providing customized debt financing and equity investments to venture growth stage companies in technology and other high-growth sectors, backed by leading venture capital firms.

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) has priced an underwritten offering of 3,750,000 shares of its common stock at $13.75 per share, aiming for gross proceeds of approximately $51.56 million. The offering is set to close on or about August 9, 2022. Proceeds will primarily be used to repay debt under its credit facility, with plans to re-borrow and invest according to its strategies. The underwriters have an option to purchase an additional 562,500 shares. The offering is under a shelf registration statement effective with the SEC.