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Mar 31, 2024
TriplePoint Q1 2024 Earnings Report
TriplePoint's financial performance was announced for Q1 2024, featuring a net investment income of $0.41 per share and a portfolio yield of 15.4% on debt investments.
Key Takeaways
TriplePoint Venture Growth BDC Corp. reported a net investment income of $15.5 million, or $0.41 per share, and a weighted average portfolio yield on debt investments of 15.4% for the first quarter of 2024. The company's board of directors declared a second quarter distribution of $0.40 per share.
Signed $130.5 million of term sheets and closed $10.0 million of new debt commitments.
Funded $13.5 million in debt investments with a 14.3% weighted average annualized yield at origination.
Received $30.8 million of loan principal prepayments.
Earned net investment income of $15.5 million, or $0.41 per share.
Forward Guidance
TriplePoint expects to increase new investment activity over the course of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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