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. reports developments as an alternative asset manager and specialty lender focused on private credit for growth-oriented companies. Its recurring news includes quarterly financial results, net investment income, NAV movement, new commitments, funded investments, repayments, exits, and portfolio activity across Sponsor Finance, Equipment Finance, Tech Lending, Asset Based Lending, and Life Sciences.
Company updates also cover secured loans, equipment financings, warrant and equity investments, sponsored investment funds, SBIC-related activity, and growth-capital facilities for portfolio companies in technology, life sciences, medical technology, energy infrastructure, and other innovation-driven markets.
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.
Trinity Capital has announced its initial public offering (IPO) of 7,546,619 common stock shares, with an estimated price range of $13.50 to $15.50 per share. The IPO includes 6,900,000 shares from Trinity and 646,619 shares from selling stockholders. An additional option for underwriters to purchase 1,132,000 shares is expected. Proceeds from the IPO will be used to pay down existing debt and support investments. Trinity plans to list on the Nasdaq under the symbol TRIN.