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Mar 31, 2020
Trinity Capital Q1 2020 Earnings Report
Announced first quarter 2020 financial results following transition to a business development company (BDC).
Key Takeaways
Trinity Capital reported a net investment income of $4.3 million, or $0.24 per share, and total investment income of $10.9 million for the quarter ended March 31, 2020. The company's investment portfolio had a fair value of approximately $398.6 million, and NAV per share was $12.44 at the end of the quarter.
Total investment income was $10.9 million, representing an approximate effective yield of 13.8% on investments.
Net investment income was approximately $4.3 million, or $0.24 per share.
Net change in unrealized depreciation from investments was $24.3 million, primarily due to the COVID-19 pandemic.
Total investments of approximately $47.9 million were made, including $32.9 million in 6 new portfolio companies.
Forward Guidance
No specific forward guidance was provided in the press release.
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