Know the company
Company overview
Trinity Capital lends to privately held growth businesses through secured loans and other structured investments. Loan interest is its main recurring revenue, while warrants can add investment upside. Funding, operating and incentive costs come out before net investment income supports the dividend. Borrower credit and the cost of refinancing matter as much as the headline yield on a new loan.
- Business
- BDC
- Listing
- TRIN · XNYS
- Reporting period
- 2026-06-30
- Dividend schedule
- Monthly
How the business works
Trinity Capital's distribution capacity is principally supported by interest and fee income earned on its debt investments, less operating costs and the cost of borrowed capital. A portfolio with stable borrowers, adequate loan yields, and manageable funding costs should support net investment income. Conversely, non-accruals, restructurings, realized losses, lower portfolio yields, or higher funding costs can pressure the cash available for distributions. Equity and warrant investments may create gains, but they are less predictable than recurring interest income and should not be viewed as a substitute for sustained net investment income.