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Trinity Capital Inc (TRIN)

BDC - Debt Focused BDC

Data as of Oct. 9, 2024
Current
Market Price $13.91 (+ $0.01)
NAV (June 30, 2024) $13.12 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 6.02% (+0.08%)
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 53,370,609
Total Assets (Reported: June 30, 2024) $1,505M
Estimated Total Assets $1,423M
Net Assets $700M
Market Cap $742M
Portfolio Turnover 49.40%
Debt-to-Equity 1.1247
Total Leverage 50.81%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 17.29%
Non Lev Exp Ratio 8.68%
Gross Asset Expense Ratio 7.41%
Gross Asset Non Lev Exp Ratio 3.72%
Rel Lev Cost 7.26%
Discount Data
Average Discount (3 Yr) 5.12%
Discount Low(3 Yr) -25.47%
Discount High(3 Yr) 28.32%
Discount Rel Range (3 Yr) 58.55%
Comp Discount 10.96
Discount St Dev (1Yr) 3.88
Z-Stat
Z-Stat (6mo) -1.11
Z-Stat (1Yr) -1.08
Z-Stat (3Yr) 0.09
Comp Z-Stat (6mo) -0.67
Comp Z-Stat (3Yr) 0.03
Distribution Data
Market Yield 14.67%
Income Yield 14.67%
Lev Adj NAV Yield 10.31%
Av Yield on Debt Investments 16.00
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) $7,040
Avg Volume 30 day 578,667
Avg Volume 90 day 506,135
Volume Trend 14.33%
Comp Volume Trend 10.64%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
39.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
49.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
62.0%
Most Correlated Peer (Mk Pr): FDUS 69.0%
Price St Dev (1Yr) 17.6%
NAV St Dev (1Yr) 3.0%
Earnings
Earnings / Share (6/30/24) $0.516
Adj Core NII Coverage 101.13%
1 Yr Avg NII Coverage 104.22%
1 Yr Avg Adj Core NII Coverage 104.22%
NII Trend -4.56%
Adj Core NII Trend -4.56%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.58
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.57
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.85
Portfolio Data
Avg Libor Floor % 5.57%
% Loans with Libor Floor 66%

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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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