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.
Horizon Technology Finance Corporation (NASDAQ: HRZN) and Trinity Capital Inc. (NASDAQ: TRIN) have provided a $40 million venture loan to Nexii Building Solutions Inc., a green construction technology firm. Horizon contributed $22.5 million and $7.5 million via a private vehicle, while Trinity added $10 million. The funding aims to support Nexii's growth and working capital needs, enhancing its sustainable building initiatives. The partnership is designed to foster innovation in construction, aligning with goals for a zero-carbon economy.
Trinity Capital Inc. (NASDAQ: TRIN) has successfully closed a public offering of $125 million in 4.375% Notes due 2026. The notes will mature on August 24, 2026, and are redeemable at Trinity's discretion. The company expects to net approximately $122 million from this offering, which will be used to reduce existing debt, fund investments, and for general corporate purposes. Goldman Sachs & Co. LLC and Keefe, Bruyette & Woods, Inc. managed the offering. This action aligns with Trinity's strategy of providing financing to growth-stage companies.
Trinity Capital Inc. (TRIN) reported strong Q2 2021 results with total investment income of $19.5 million, up 40.7% year-over-year, and net investment income of $10.1 million ($0.38/share), a 49.1% increase. The company funded $122.4 million across new and existing portfolio companies, with total commitments reaching $126.5 million. Net asset value (NAV) per share rose to $14.33, from $13.69. A dividend of $0.29 per share was declared. Liquidity stands at $107 million, supporting continued investment growth.
Trinity Capital Inc. (Nasdaq: TRIN) will release its second quarter 2021 financial results after market close on August 5, 2021. A conference call to discuss these results is scheduled for 2:00 p.m. PT (5:00 p.m. ET). Interested participants can join the call by dialing (877) 876-9176 or (785) 424-1670 internationally. A taped replay will be available shortly after the call until August 12, 2021. A live webcast of the conference call will be accessible on Trinity's investor relations website, with a replay available for 90 days following the call.
Trinity Capital Inc. (Nasdaq: TRIN) announced a cash dividend of $0.29 per share for the quarter ending June 30, 2021, declared on June 15, 2021. Key dates include the Record Date on June 30, 2021 and the Payment Date on July 15, 2021. The company aims to distribute approximately 90% to 100% of its taxable income quarterly to maintain its regulated investment company status. Distributions may include a return of capital and/or capital gains, with tax characteristics reported on Form 1099-DIV.
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.