PHOENIX, Feb. 4, 2025
/PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity
Capital" or the "Company"), a leading alternative asset manager,
today announced preliminary estimates of financial results for the
fourth quarter and year ended December 31,
2024.
Trinity Capital's preliminary estimate of its fourth quarter
2024 net investment income is in the range of $0.58 to $0.60 per
share. Trinity Capital's preliminary estimate of its net asset
value per share as of December 31,
2024 is in the range of $13.32
to $13.37. Trinity Capital's
preliminary estimate of its investment assets at fair value as of
December 31, 2024 is approximately
$1.7 billion. Lastly, Trinity Capital
preliminarily estimates that its investments on non-accrual status
comprised approximately 0.8% of the total debt investment portfolio
at fair value and approximately 2.6% at cost as of
December 31, 2024.
Trinity Capital will hold a conference call to discuss its
fourth quarter and full year 2024 financial results at 12:00 p.m. Eastern Time on Wednesday, February
26, 2025. To listen to the call, please dial (800) 267-6316, or
(203) 518-9783 internationally, and reference Conference ID:
TRINQ424 if asked, approximately 10 minutes prior to the start of
the call. A taped replay will be made available approximately two
hours after the conclusion of the call and will remain available
until March 5, 2025. To access the
replay, please dial (800) 723-0389 or (402) 220-2647.
About Trinity Capital Inc.
Trinity Capital Inc. (Nasdaq: TRIN) is an international
alternative asset manager, aiming to provide investors with stable
and consistent returns through access to the private credit market.
We source, vet, and invest in dynamic privately funded
growth-oriented companies, giving our investors access to a strong
and diversified portfolio. With distinct business
verticals, Trinity Capital stands as a trusted partner
for innovative companies seeking tailored growth capital solutions.
Headquartered in Phoenix, Arizona, the firm has an international
footprint, supported by a dedicated team of strategically located
investment professionals. For more information, visit the company's
website at trinitycapital.com and stay connected by
following us on LinkedIn and X (formerly
Twitter).
Forward-Looking Statements
This press release may contain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties, including, but not
limited to, the preliminary estimates of the Company's financial
information and results for the fourth quarter and year ended
December 31, 2024, which are based on
current information available to the Company as of the date hereof.
Although management of the Company believes that the expectations
reflected in those forward-looking statements are reasonable, the
Company can give no assurance that those expectations will prove to
be correct. Actual results may differ materially from those in the
forward-looking statements as a result of a number of factors,
including those described from time to time in filings with the
Securities and Exchange Commission ("SEC"). The Company undertakes
no duty to update any forward-looking statement made herein, except
as required by applicable securities laws and regulations. All
forward-looking statements speak only as of the date of this press
release. More information on risks and other potential factors that
could affect the Company's financial results, including important
factors that could cause actual results to differ materially from
plans, estimates or expectations included herein, is included in
the Company's filings with the SEC, including in the "Risk Factors"
and "Management's Discussion and Analysis of Financial Condition
and Results of Operations" sections of the Company's most recently
filed annual report on Form 10-K and subsequent SEC filings.
The preliminary financial estimates furnished above are based on
management's preliminary determinations and current expectations as
of the date hereof, and such information is inherently uncertain.
The preliminary estimates provided herein have been prepared by,
and are the responsibility of, management of the Company. The
Company's independent registered public accounting firm has not
audited, reviewed, compiled, or performed any procedures with
respect to the preliminary estimates, and, accordingly, does not
express an opinion or any form of assurance with respect thereto.
These preliminary estimates are subject to completion of the
Company's financial closing and review procedures and are not a
comprehensive statement of the Company's financial results or
valuations as of, or for the period ended, December 31, 2024.
Actual results may differ materially from these preliminary
estimates as a result of the completion of the Company's financial
closing and review procedures, final adjustments, valuation process
and other developments that may arise between now and the time that
the Company's financial results for such period are finalized.
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SOURCE Trinity Capital Inc.
