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Trinity Capital Inc (TRIN)

BDC - Debt Focused BDC

Data as of Feb. 23, 2024
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 (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)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): ARCC 66.0%
Price St Dev (1Yr) 30.4%
NAV St Dev (1Yr) 0.9%
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%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
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.

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