19th Consecutive Quarter of a
Consistent or Increased Dividend
PHOENIX, Sept. 18,
2024 /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 its Board of
Directors declared a cash dividend of $0.51 per share with respect to the quarter
ending September 30, 2024. This marks
an equivalent dividend compared to the second quarter of 2024 and
signals the 19th consecutive quarter of a consistent or
increased dividend.
Summary of Third Quarter 2024 Dividend:
|
Declaration
date
|
September 18,
2024
|
|
Record Date
|
September 30,
2024
|
|
Payment Date
|
October 15,
2024
|
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-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 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.