Trinity Capital

TRIN

Market cap $1.23B

Most BDC investors are value investors, who focus on income. The higher the multiple, the lower the yield - i.e., a mechanic that leads "bargain hunters" underemphasizing high P/NAV BDCs. In the article I detail why this kind of approach might be suboptimal.

PHOENIX, Jan. 13, 2026 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (the "Company"), a leading alternative asset manager, today announced a portfolio update for the fourth quarter and full year of 2025. Trinity Capital funded $435 million of total investments in the fourth quarter, bringing fundings for 2025 to a record $1.5 billion.

PHOENIX, Jan. 8, 2026 /PRNewswire/ --  Trinity Capital Inc.  (Nasdaq: TRIN) (the "Company"), a leading alternative asset manager, today announced that it expects to issue quarterly earnings releases before the market opens and hold conference calls at 12:00 p.m. ET on the following dates: Fourth quarter and full year 2025: Wednesday, February 25, 2026 First quarter 2026: Wednesday, May 6, 2026 Second quarter 2026: Wednesday, August 5, 2026 Third quarter 2026: Wednesday, November 4, 2026 Fourth Quarter and Full Year 2025 Call Information To listen to the call, please dial (800) 267-6316 or (203) 518-9783 internationally and reference Conference ID: TRINQ425 if asked, approximately 10 minutes prior to the start of the call.

BDC sector valuations remain depressed, with P/NAV metrics under 1x due to falling rates and credit risk concerns. Dividend sustainability is diverging across BDCs; not all will cut, but the ones with sustainable dividends do not automatically have strong total return prospects. I highlight one BDC as a compelling bargain with strong total return prospects and contrast it with another viewed as highly overpriced.

Investors have started to question how sustainable BDC dividends are. A lot of this skepticism is logical and justified by valid reasons. My calculus shows that on average BDCs could cut their dividends by 20% in order to avoid NAV erosion.

BDC net investment income levels are declining as the Fed lowers rates. Despite lower base rates, I see no reason to rotate out of the BDC sector. In the article I detail how BDCs have outperformed the S&P 500 and high yield credit even in prolonged low-rate environments.

Trinity Capital is shifting to monthly dividend distributions starting in January which is a shareholder-friendly move that has placed the security as my top income pick for 2026. Since its listing, the BDC has grown its net asset value on a nominal and per share basis at a sustained upward path. Strong 2026 GDP growth and Fed rate cuts only being brought in from the second half of next year reduce the risk TRIN faces in a pivotal year.

Hercules Capital and Trinity Capital are leading BDCs specializing in venture lending to innovation-driven small and medium businesses. As the Fed cuts interest rates, BDC companies face the risk of margin compression. However, HTGC and TRIN are better positioned to adapt to these changes, which supports my 'Buy' rating for both.

This Is How I'm Harvesting BDC Cash Flows For My Retirement. The double-digit yields, term 'private credit,' cases like First Brands and Tricolor are just some examples that introduce a high degree of skepticism. However, if done right, BDCs can bring a lot of value to the table for safe passive income investors.

Monthly Dividends Begin in January; Q4 Marks the 24th Consecutive Quarter of a Consistent Dividend PHOENIX , Dec. 17, 2025 /PRNewswire/ -- Trinity Capital Inc.  (Nasdaq: TRIN) (the "Company"), a leading international alternative asset manager, today announced that it will transition from quarterly to monthly dividends, beginning in January 2026, and the Board of Directors approved monthly regular dividends of $0.17 per share for each of January, February, and March 2026. Additionally, the Company declared a cash dividend of $0.51 per share with respect to the quarter ending December 31, 2025.