Press Release: Trinity Capital Inc. Reports First Quarter 2024 Financial Results

   Non-Control / 
    Non-Affiliate 
    investments                             195               554 
                                   ------------      ------------ 
      Total fee and other 
       income                             1,061             1,007 
                                   ------------      ------------ 
 Total investment income                 50,453            41,538 
                                   ------------      ------------ 
 
EXPENSES: 
 Interest expense and other 
  debt financing costs                   12,144            11,081 
 Compensation and benefits                9,864             7,617 
 Professional fees                          720             1,417 
 General and administrative               1,929             1,495 
                                   ------------      ------------ 
Total expenses                           24,657            21,610 
                                   ------------      ------------ 
 
NET INVESTMENT INCOME/(LOSS) 
 BEFORE TAXES                            25,796            19,928 
 
 Excise tax expense                         639               597 
                                   ------------      ------------ 
 
NET INVESTMENT INCOME                    25,157            19,331 
 
NET REALIZED GAIN/(LOSS) 
FROM INVESTMENTS: 
 Non-Control / Non-Affiliate 
  investments                             1,351             (365) 
                                   ------------      ------------ 
Net realized gain/(loss) from 
 investments                              1,351             (365) 
 
NET CHANGE IN UNREALIZED 
APPRECIATION/(DEPRECIATION) 
FROM INVESTMENTS: 
 Control investments                      1,963               408 
 Affiliate investments                      254               976 
 Non-Control / Non-Affiliate 
  investments                          (14,217)             2,136 
                                   ------------      ------------ 
Net change in unrealized 
 appreciation/(depreciation) 
 from investments                      (12,000)             3,520 
 
NET INCREASE/(DECREASE) IN 
 NET ASSETS RESULTING FROM 
 OPERATIONS                     $        14,508   $        22,486 
                                   ============      ============ 
 
NET INVESTMENT INCOME PER 
 SHARE - BASIC                  $          0.54   $          0.55 
                                   ============      ============ 
NET INVESTMENT INCOME PER 
 SHARE - DILUTED                $          0.52              0.52 
                                   ============      ============ 
 
NET CHANGE IN NET ASSETS 
 RESULTING FROM OPERATIONS 
 PER SHARE - BASIC              $          0.31   $          0.64 
                                   ============      ============ 
NET CHANGE IN NET ASSETS 
 RESULTING FROM OPERATIONS 
 PER SHARE - DILUTED            $          0.30   $          0.60 
                                   ============      ============ 
 
WEIGHTED AVERAGE SHARES 
 OUTSTANDING - BASIC                 46,748,386        35,074,076 
                                   ============      ============ 
WEIGHTED AVERAGE SHARES 
 OUTSTANDING - DILUTED               50,595,651        38,740,871 
                                   ============      ============ 
 

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SOURCE Trinity Capital Inc.

/CONTACT: Ben Malcolmson, Head of Investor Relations, Trinity Capital, Inc., ir@trincapinvestment.com

(END) Dow Jones Newswires

May 01, 2024 08:05 ET (12:05 GMT)