Trinity Capital

Moody's assigns to Trinity Capital an investment grade long-term issuer rating of Baa3 with a stable outlook PHOENIX , May 5, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "the Company"), a leading alternative asset manager, is pleased to announce that Moody's Investors Services, Inc. ("Moody's") has assigned to the Company a new investment grade long-term issuer rating of Baa3 with a stable outlook. Factors cited by Moody's in initiating its rating include Trinity Capital's investment expertise, growing performance record since inception, relatively low reliance on secured funding sources, and good capitalization and liquidity.» Mehr auf prnewswire.com

Trinity Capital maintains a stable 13.8% dividend yield with a 3-year CAGR of 8.4%, supported by strong NAV growth and earnings spillover. TRIN's NAV per share increased sequentially, driven by net investment income and realized gains. Net investment income provided 114% dividend coverage. Trading at a 10.7% premium to NAV, there is downside risk amid recession fears, but the BDC's portfolio is well-diversified with a focus on secured loans.» Mehr auf seekingalpha.com

We take a look at the action in business development companies through the third week of April and highlight some of the key themes we are watching. BDCs rallied with a 4% gain over a holiday-shortened week, though the sector remains down month-to-date, with GAIN outperforming. Q1 guidance is coming in: MAIN expects a record NAV, while CSWC anticipates a 14% drop in NII but a slight NAV increase.» Mehr auf seekingalpha.com