Trinity Capital Inc. Declares Cash Dividend of $0.54 per Share for the Third Quarter of 2023, Including a Supplemental Cash Dividend of $0.05 per Share
The Company's Board of Directors has authorized the supplemental cash dividend in order to comply with regulated investment company tax requirements for distributing its undistributed taxable income from fiscal 2023.
The following are key dates for the regular and new supplemental dividend for the quarter ending
Summary of Third Quarter 2023 Regular and Supplemental Dividend:
Declaration Date |
|
Record Date |
|
Payment Date |
|
The Company's objective is to distribute four quarterly dividends in an amount that approximates 90% to 100% of its taxable quarterly income or potential annual income for a particular year in order to qualify for tax treatment as a regulated investment company under the Internal Revenue Code of 1986. In addition, during any particular year, the Company may pay additional supplemental dividends, so that the Company distributes approximately all its annual taxable income in the year it was earned, or it may spill over the excess taxable income into the coming year for future dividend payments.
Dividends are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the dividends will be reported to stockholders on Form 1099-DIV after the end of the calendar year and in the Company's periodic reports filed with the Securities and Exchange Commission.
About
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. 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
View original content to download multimedia:https://www.prnewswire.com/news-releases/trinity-capital-inc-declares-cash-dividend-of-0-54-per-share-for-the-third-quarter-of-2023--including-a-supplemental-cash-dividend-of-0-05-per-share-301926624.html
SOURCE
Ben Malcolmson, Director of Investor Relations, Trinity Capital, Inc., ir@trincapinvestment.com