Trinity Capital Q1 2022 Earnings Report
Key Takeaways
Trinity Capital Inc. reported a total investment income of $31.8 million, a net investment income of $15.6 million, and net realized gains of $52.6 million for the first quarter ended March 31, 2022. The company's investment portfolio reached $919.3 million at fair value.
Total investment income increased by 83.8% year-over-year to $31.8 million.
Net investment income was $15.6 million, or $0.57 per basic share, representing a 115.2% year-over-year increase.
Net realized gains on the sale of equity and other investments totaled $52.6 million.
Total gross investments funded were $222.5 million, including $103.9 million in new portfolio companies and $118.6 million in existing portfolio companies.
Trinity Capital
Trinity Capital
Forward Guidance
The company intends to declare equal supplemental dividends in the second, third and fourth quarters of 2022 for a total of $0.60 per share in 2022, subject to future Board of Director approval.