TRIN - Trinity Capital: A Look At This 11.8% Yielding BDC With Income Tailwinds
- We recently added TRIN to our investor BDC Tool and take this opportunity to highlight the company.
- TRIN delivered by far the strongest Q4 total NAV return in the sector - to add to its already impressive (if relatively short public) track record.
- The company has just raised its dividend - a move that was clearly needed to close a large gap between with its NII.
- The company benefits from a number of strong income tailwinds and we expect its NII to continue to grow.
- Valuation has recently risen on the back of the dividend hike but has been quite volatile - we would look to rotate into or add the name outright at a sub-105% level.
For further details see:
Trinity Capital: A Look At This 11.8% Yielding BDC With Income Tailwinds