Financial Data and Key Metrics Changes - Trinity Capital achieved record net investment income of $144 million or $2.08 per share in 2025, with a 15% increase in Q4 net investment income to $40 million compared to the same quarter last year [3][4] - The company's net asset value (NAV) grew 10% quarter-over-quarter to a record $1.1 billion, and total assets under management (AUM) increased to over $2.8 billion, up 38% year-over-year [4][5] - The return on equity was reported at 15.3%, ranking among the highest in the Business Development Company (BDC) space [15] Business Line Data and Key Metrics Changes - The funding for the year reached a record $1.5 billion, with Q4 funding amounting to $435 million, representing a 21% increase from the previous year [6] - The breakdown of Q4 fundings included 27% to sponsor finance, 25% to equipment financing, 20% to life sciences, 15% to tech lending, and 13% to asset-backed lending [20] Market Data and Key Metrics Changes - The company maintained strong credit quality, with non-accruals at less than 1% of the portfolio at fair value, totaling $15.2 million [4][20] - Portfolio companies collectively raised over $7.8 billion in equity during 2025, indicating strong access to capital [20] Company Strategy and Development Direction - Trinity Capital is focused on expanding its managed funds business and has established several co-investment vehicles to enhance liquidity and income for shareholders [4][11] - The company is strategically diversifying its portfolio, particularly in the AI and software sectors, while maintaining a disciplined underwriting approach [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to capitalize on market opportunities, particularly in the context of current volatility, and emphasized the importance of maintaining liquidity [35][40] - The management team believes that the best days are still ahead for Trinity Capital, supported by a diversified pipeline and disciplined investment strategy [15][14] Other Important Information - The company transitioned to a monthly dividend of $0.17 per share starting January 2026, maintaining the same aggregate quarterly payout [15] - Trinity Capital's stock has delivered a cumulative total return of 109% since its IPO, outperforming both the peer average of 70% and the S&P 500's 82% [5] Q&A Session Summary Question: Opportunities in Software Loans - The management acknowledged the potential to take advantage of turmoil in the software sector and mentioned being opportunistic in converting some loans to equipment finance [23][25] Question: Portfolio Concerns - Management indicated a focus on industries with disruptive technology and strong capital backing, maintaining a cautious approach to sectors not receiving equity dollars [30][31] Question: Strategic Opportunities Amidst Volatility - Management confirmed the intention to remain opportunistic and leverage liquidity to capitalize on market dislocations [35][36] Question: Fund Management Business Growth - Management expressed optimism about the growth of the fund management business, anticipating increased interest from investors seeking diversification [40][41] Question: Portfolio Breakdown and Credit Quality - Management provided insights into the portfolio's performance, noting low non-accrual rates and the strength of existing portfolio companies raising capital [50][56]

THIS IS "THE CLOSE." ROMAINE: A REBOUND RALLY AS ANTHROPIC TRIES TO PLAY NICE. HEAR FROM BLOOMBERG HEADQUARTERS IN NEW YORK, I AM ROMAINE BOSTICK. >> AND I AM KRISTINE AQUINO. CAUTION OVER INFLATION IS THE MESSAGE WE HEARD FROM FED SPEAKERS TODAY AND AGAIN CALLING INTO QUESTION HOW MUCH MORE CAN THE FEDERAL CUT RATES THIS YEAR. THAT IS AFFECTING TO YOU YOUR -- TWO YEAR YIELDS TODAY. TREASURIES ARE DOWN AT THE MOMENT. WE HEARD FROM THE PRIME MINISTER SAYING RATE HIKES IN JAPAN POTENTIALLY CASTING DOUBT OVER ...

Three-percent inflation isn't good enough for the Federal Reserve—and it isn't low enough to justify cutting interest rates. ...

The Dow Jones Industrial Average (^DJI) was down 821.91 (-1.66%) points today, closing at 48,804.06, while Dow Futures (YM=F) fell 857.00 (-1.73%) to 48,817.00. The main narrative driving the market was a sudden 15% blanket tariff announcement, which reignited trade war fears and global economic uncertainty. This policy shift, combined with hawkish Federal Reserve commentary suggesting a "coin flip" for future rate cuts, triggered a massive rotation out of cyclical and growth sectors into defensive assets.F ...

One basis point is a hundredth of a percentage point. Incremental credit growth in the first 10 months of this fiscal year was Rs 34.5 lakh crore, up 35% over the corresponding period, data published by the RBI in its latest monthly bulletin showed. The gap between bank credit and non-banking sources of credit widened in January over the corresponding period.Live Events "The pickup in credit offtake reflects the impact of the combination of rate cuts by RBI and significant liquidity infusion," said Gaura S ...

Economic Outlook - The economy is showing positive signs with significant increases in durable goods orders, particularly in primary and fabricated metals, machinery, and electronic equipment, indicating a bullish outlook [2][3] - CPI inflation numbers are reported at 2.4%, which is below expectations, further supporting the positive economic sentiment [4] Federal Reserve Insights - The Federal Reserve's recent actions, including injecting $16 billion into the economy, are seen as inflationary, but there is optimism regarding potential rate cuts under the new Fed chair, Walsh [7][10] - Expectations for rate cuts range from 75 to 125 basis points this year, with a probability of a 100 basis point cut being considered likely [10] Consumer Affordability - Lower interest rates are anticipated to improve consumer affordability, particularly in housing and small business sectors, which could lead to job creation and higher wages [12][13] Investment Opportunities - There is a strong belief in the potential for gold and silver prices to increase over the next 12 to 24 months, making them attractive investment options [14] - The energy sector, particularly nuclear energy, is viewed as a long-term investment opportunity due to current volatility and rising electricity costs [15] Market Volatility and Strategy - The market is experiencing significant volatility, driven by emotions such as profit-taking and fear of missing out (FOMO), which affects stock performance [18] - A well-balanced portfolio is recommended to mitigate the impact of market fluctuations on overall gains and losses [16] Risks to Monitor - Key risks include the strength of the US dollar and government debt levels, which could impact the value of precious metals in the near term [20][21]

Core Insights - The articles contain financial data and potential discussions regarding rate cuts and policy shifts, but lack coherent narratives or detailed analysis [1][2]. Financial Data Summary - The financial figures presented include various numerical data points, such as $595.196 million and $619.39 million, indicating fluctuations in financial metrics [1][2]. - There are mentions of percentage changes, such as a -19.4% and -8.0% change, suggesting significant shifts in financial performance [1][2]. Rate Cuts and Policy Shifts - The articles raise questions about potential rate cuts and policy shifts, indicating a possible change in the economic landscape [1][2].

The company owns more than 15,500 freestanding properties across all 50 states and Europe, and it collects rent from roughly 1,600 customers across 92 industries. Tenants include familiar brands like 7-Eleven, Dollar General (NYSE: DG), Walgreens and FedEx (NYSE: FDX), which helps reinforce the stability investors look for in a core REIT position.Realty Income (NYSE: O) is one of the most recognizable names in REIT land—and for Thomas, it’s a foundational holding in net lease.Thomas shared seven REITs he li ...

Group 1 - Ares Capital (ARCC) is facing multiple headwinds, with its base dividend yield nearing a five-year high [1] - The company's shares are trading at a significant discount to their net asset value [1] - The equity market's daily price fluctuations contribute to long-term wealth creation or destruction [1] Group 2 - Pacifica Yield focuses on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]

Core Viewpoint - The Federal Reserve is likely to maintain its current interest rate levels for an extended period unless there is a rapid decline in the labor market or a significant decrease in inflation [1] Group 1 - The Federal Reserve's decision to hold rates is contingent on labor market conditions and inflation trends [1] - Current economic indicators suggest stability, allowing the Federal Reserve to adopt a wait-and-see approach [1]