Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) Trading 0.2% Higher – Here’s What Happened

Trinity Capital Inc. – 7.875% Notes Due 2029 (NASDAQ:TRINI) shares traded up 0.2% during mid-day trading on Wednesday . The company traded as high as $25.48 and last traded at $25.44. 8,030 shares traded hands during trading, a decline of 40% from the average session volume of 13,285 shares. The stock had previously closed at $25.40.

Trinity Capital Inc. – 7.875% Notes Due 2029 Trading Down 0.1%

The business has a 50-day moving average price of $25.21 and a 200-day moving average price of $25.38.

Trinity Capital Inc. – 7.875% Notes Due 2029 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Sunday, March 15th were given a $0.4922 dividend. This represents a $1.97 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Friday, March 13th.

Trinity Capital Inc – 7.875% Notes Due 2029 (NASDAQ:TRINI) constitute a series of senior unsecured debt securities issued by Trinity Capital Inc in early 2024. The notes carry an annual interest rate of 7.875%, payable quarterly, and mature on March 15, 2029. As unsecured obligations, they rank equally with the company’s other senior unsecured indebtedness.

Trinity Capital Inc operates as a business development company (BDC) under the Investment Company Act of 1940, providing flexible debt and equity financing solutions to venture capital- and private equity-backed growth-stage companies.