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Trinity Capital Inc (TRIN)

BDC - Debt Focused BDC

Data as of Feb. 23, 2024
Current
Market Price $14.35 (- $0.04)
NAV (Sept. 30, 2023) $13.17 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 8.96% (-0.30%)
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
Alternative Income Index
Capital & Leverage
Outstanding Shares 43,625,847
Total Assets (Reported: Sept. 30, 2023) $1,150M
Estimated Total Assets $1,058M
Net Assets $575M
Market Cap $626M
Portfolio Turnover 42.38%
Debt-to-Equity 0.9232
Total Leverage 45.68%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 17.90%
Non Lev Exp Ratio 9.52%
Gross Asset Expense Ratio 8.00%
Gross Asset Non Lev Exp Ratio 4.26%
Rel Lev Cost 8.20%
Discount Data
Average Discount (3 Yr) 4.50%
Discount Low(3 Yr) -25.47%
Discount High(3 Yr) 28.32%
Discount Rel Range (3 Yr) 64.58%
Comp Discount 12.42
Discount St Dev (1Yr) 7.14
Z-Stat
Z-Stat (6mo) 0.08
Z-Stat (1Yr) 0.58
Z-Stat (3Yr) 0.51
Comp Z-Stat (6mo) -0.60
Comp Z-Stat (3Yr) 0.25
Distribution Data
Market Yield 13.94%
Income Yield 13.94%
Lev Adj NAV Yield 10.42%
Av Yield on Debt Investments 16.70
Distribution Frequency Q
Current Distribution $0.500
Current Income $0.500
Ex-Date 12/28/23
Payable Date 1/12/24
Div Growth (3yr) %
Dividend Change 2.0% on 12/14/23
Expected Div 3/14/24
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) $7,016
Avg Volume 30 day 437,015
Avg Volume 90 day 488,928
Volume Trend -10.62%
Comp Volume Trend 0.34%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
46.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
45.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
72.0%
Most Correlated Peer (Mk Pr): ARCC 66.0%
Price St Dev (1Yr) 30.4%
NAV St Dev (1Yr) 0.9%
Earnings
Earnings / Share (9/30/23) $0.541
Adj Core NII Coverage 108.24%
1 Yr Avg NII Coverage 118.75%
1 Yr Avg Adj Core NII Coverage 118.75%
NII Trend -1.12%
Adj Core NII Trend -1.12%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.89
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.91
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
1.00
Portfolio Data
Avg Libor Floor % 4.46%
% Loans with Libor Floor 72%

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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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