Trinity Capital (US:TRIN)2025-05-07 13:06Company Overview - Trinity Capital has provided $4.3 billion in fundings across 403 investments with 234 exits[9] - The company's portfolio includes $1,330.4 million in secured loans to 81 companies, $336.7 million in equipment financings to 27 companies, and $125.6 million in equity & warrants across 132 companies[9] - As of March 31, 2025, Trinity Capital had $216.4 million in available liquidity and a debt-to-equity ratio of 116%[9] - The annualized dividend yield is 13.5%, based on a $0.51 dividend per share for Q1 2025[9, 11] Financial Highlights (Q1 2025) - Total investment income reached $65.4 million[43] - Net investment income (NII) was $32.4 million, resulting in $0.51 per share[43] - The company committed $185.9 million in debt & equity and funded $220.4 million in debt & equity[43] - Total platform assets under management amounted to $2,142.2 million[43] - The effective yield was 15.3%, while the core yield was 14.1%[43] Portfolio Composition - Loans represent 74.2%, equipment financings 18.8%, and equity & warrants 7.0% of the investment type[84] - The portfolio is diversified across industries, with the largest allocations in Finance and Insurance (17.6%), Medical Devices (12.7%), and SaaS (10.4%)[84] - Floating rate debt investments constitute 76.9% of the portfolio[100]