Trinity Capital Inc. Declares Cash Dividend of $0.51 per Share for the Fourth Quarter of 2024

Rhea-AI Summary

Trinity Capital (Nasdaq: TRIN) has declared a quarterly cash dividend of $0.51 per share for Q4 2024, maintaining the same level as Q3 2024. This marks the company's 20th consecutive quarter of consistent or increased dividends. The dividend will be paid on January 15, 2025, to shareholders of record as of December 31, 2024.

The company aims to distribute 90% to 100% of its taxable quarterly income through four quarterly dividends to maintain its regulated investment company tax status. Trinity may also pay supplemental dividends to distribute approximately all annual taxable income in the year earned or carry over excess taxable income for future dividend payments.

Positive

• 20 consecutive quarters of stable or growing dividends demonstrates consistent shareholder returns
• Maintaining $0.51 quarterly dividend indicates stable financial performance
• 90-100% distribution of taxable income shows strong commitment to shareholder returns

Negative

• No dividend increase compared to previous quarter

20^th Consecutive Quarter of a Consistent or Increased Dividend

PHOENIX, Dec. 12, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced that its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending December 31, 2024. This is an equivalent dividend compared to the third quarter of 2024 and marks the 20^th consecutive quarter of a consistent or increased dividend for Trinity shareholders.

Summary of Fourth Quarter 2024 Dividend:

Declaration date	December 12, 2024
Record Date	December 31, 2024
Payment Date	January 15, 2025

The 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.

Dividends 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.

About Trinity Capital Inc.

Trinity Capital Inc. (Nasdaq: TRIN), an internally managed business development company, is a leading provider of diversified financial solutions to growth-oriented 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 loans and equipment financings and equity-related investments. Trinity Capital believes it is one of only a select group of specialty lenders that has the depth of knowledge, experience and track record in lending to growth stage companies. For more information, please visit the Company's website at www.trinitycap.com.

Forward-Looking Statements

This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission ("SEC"). The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. More information on risks and other potential factors that could affect the Company's financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein or on the webcast/conference call, is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed annual report on Form 10-K and subsequent SEC filings.

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SOURCE Trinity Capital Inc.

FAQ

What is Trinity Capital's Q4 2024 dividend amount and payment date?

Trinity Capital (TRIN) declared a Q4 2024 dividend of $0.51 per share, payable on January 15, 2025, to shareholders of record as of December 31, 2024.

How long has Trinity Capital (TRIN) maintained or increased its dividend?

Trinity Capital has maintained or increased its dividend for 20 consecutive quarters, demonstrating a consistent track record of shareholder returns.

What percentage of taxable income does Trinity Capital (TRIN) aim to distribute as dividends?

Trinity Capital aims to distribute 90% to 100% of its taxable quarterly income through four quarterly dividends.

Has Trinity Capital's (TRIN) Q4 2024 dividend changed from Q3 2024?

No, Trinity Capital's Q4 2024 dividend of $0.51 per share remains equivalent to the Q3 2024 dividend amount.