PHOENIX, June 16, 2021 /PRNewswire/ -- Trinity
Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or the
"Company"), a leading specialty lending company that provides debt,
including loans and equipment financing, to growth stage companies
backed by technology banks, venture capital and private equity
firms, today announced that on June 15,
2021, its Board of Directors declared a distribution of
$0.29 per share with respect to the
quarter ending June 30, 2021.
The following shows the key dates of the second quarter 2021
dividend:
Declaration
date
|
June 15,
2021
|
Record
Date
|
June 30,
2021
|
Payment
Date
|
July 15,
2021
|
The Company's objective is to distribute four quarterly
distributions 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 distributions, 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 distribution payments.
Distributions are paid from taxable earnings and may include a
return of capital and/or capital gains. The specific tax
characteristics of the distributions 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 (Nasdaq: TRIN), an internally managed specialty
lending company that has elected to be regulated as a business
development company under the Investment Company Act of 1940, as
amended, is a leading provider of debt, including loans and
equipment financing, to growth stage companies, including
venture-backed companies and companies with institutional equity
investors. Trinity's investment objective is to generate current
income and, to a lesser extent, capital appreciation through
investments consisting primarily of term loans and equipment
financings and, to a lesser extent, working capital loans, equity
and equity-related investments. Trinity 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.
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, including the
impact of the COVID 19 pandemic on the economy, financial markets,
our business, our portfolio companies and our industry. 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.