Significant Increase in Net Investment Income
Trinity Capital reported $37 million in net investment income, marking a 29% increase compared to Q3 of the previous year.
Record Net Asset Value Growth
The company's net asset value grew 8% quarter-over-quarter to a record $998 million, representing a 32% year-over-year increase.
Growth in Assets Under Management
Platform assets under management increased to more than $2.6 billion, up 28% year-over-year.
Consistent Dividend Distribution
A third quarter cash dividend of $0.51 per share was distributed, marking the 23rd consecutive quarter of a consistent dividend.
Strong Credit Quality
The company maintained strong credit quality with nonaccruals at 1% of the portfolio at fair value.
Successful Fundraising and Joint Ventures
Raised $83 million of equity through the ATM program at a 19% average premium to NAV and closed a new joint venture with a large asset manager.