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Jun 30, 2023
Trinity Capital Q2 2023 Earnings Report
Reported a strong second quarter with increased investment income and net asset value.
Key Takeaways
Trinity Capital Inc. announced its Q2 2023 financial results, featuring a 37.3% year-over-year increase in total investment income to $46.0 million, and a rise in net asset value to $13.15 per share. The company's net investment income was $22.1 million, or $0.61 per basic share, marking a 40.8% increase year-over-year. Trinity Capital continues to focus on strategic investments and portfolio diversification to drive shareholder value.
Total investment income increased by 37.3% year-over-year, reaching $46.0 million.
Net investment income was $22.1 million, or $0.61 per basic share, a 40.8% increase year-over-year.
Net asset value increased to $13.15 per share.
Total gross investments funded were $154.9 million, including investments in new and existing portfolio companies and a joint venture.
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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