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Trinity Capital Inc (TRIN)

BDC - Debt Focused BDC

Data as of Dec. 9, 2024
Current
Market Price $14.37 (+ $0.07)
NAV (Sept. 30, 2024) $13.13 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 9.44% (+0.53%)
Fund Info
Inception Jan. 29, 2021
Sponsor Trinity Capital Inc.
Website https://trinitycap.com/
Phone (480)374-5350
Location Arizona
Incorporated Maryland
Staggered Board No
Term Date N/A
Objective: To generate current income and, secondly capital appreciation through investments consisting primarily of term debt and equipment financings and, to a lesser extent, working capital loans, equity and equity-related investments.
Related Indexes
Debt-Focused Business Development Company (BDC) Index
High Income Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Capital & Leverage
Outstanding Shares 58,905,813
Total Assets (Reported: Sept. 30, 2024) $1,734M
Estimated Total Assets $1,632M
Net Assets $773M
Market Cap $846M
Portfolio Turnover 48.49%
Debt-to-Equity 1.2059
Total Leverage 52.61%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 19.39%
Non Lev Exp Ratio 9.30%
Gross Asset Expense Ratio 7.47%
Gross Asset Non Lev Exp Ratio 3.58%
Rel Lev Cost 7.39%
Discount Data
Average Discount (3 Yr) 4.78%
Discount Low(3 Yr) -25.47%
Discount High(3 Yr) 28.32%
Discount Rel Range (3 Yr) 64.91%
Comp Discount 12.02
Discount St Dev (1Yr) 3.93
Z-Stat
Z-Stat (6mo) 0.46
Z-Stat (1Yr) -0.12
Z-Stat (3Yr) 0.50
Comp Z-Stat (6mo) 0.16
Comp Z-Stat (3Yr) 0.06
Distribution Data
Market Yield 14.20%
Income Yield 14.20%
Lev Adj NAV Yield 10.18%
Av Yield on Debt Investments 16.10
Distribution Frequency Q
Current Distribution $0.510
Current Income $0.510
Ex-Date 9/30/24
Payable Date 10/15/24
Div Growth (3yr) 54.55%
Dividend Change 2.0% on 3/14/24
Expected Div 12/13/24
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022
Income 57.8%
ST Gains 18.7%
QDI 0%
LT Gains 23.5%
RoC 0%
Volume & Liquidity
Average Daily $ (K) $7,774
Avg Volume 30 day 472,188
Avg Volume 90 day 540,959
Volume Trend -12.71%
Comp Volume Trend -26.32%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
29.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
30.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
49.0%
Most Correlated Peer (Mk Pr): SLRC 57.0%
Price St Dev (1Yr) 17.5%
NAV St Dev (1Yr) 3.0%
Earnings
Earnings / Share (9/30/24) $0.509
Adj Core NII Coverage 99.87%
1 Yr Avg NII Coverage 102.13%
1 Yr Avg Adj Core NII Coverage 102.13%
NII Trend -3.13%
Adj Core NII Trend -3.13%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.83
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.82
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
1.09
Portfolio Data
Avg Libor Floor % 5.99%
% Loans with Libor Floor 68%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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