Trinity Capital (TRIN) investor relations material

Executive summary

• Achieved record net investment income of $46.0M for Q2 2026, up 32.1% year-over-year, and $90.5M for the first half, with total investment income of $87.2M, outperforming major indices and sector peers.

• Maintained a $0.17 monthly dividend, with consistent distributions for nearly seven years and 27 consecutive quarters, yielding 11.4% annualized.

• Portfolio grew to $2.7B in fair value across 190 companies, diversified across tech, healthcare, finance, SaaS, and asset-based lending.

• Transitioned listing to NYSE and NYSE Texas, enhancing sector positioning and liquidity.

• Continued strong origination activity with $709.0M in new commitments and $618.7M funded in Q2 2026.

Financial highlights

• Net asset value per share increased to $13.47 at June 30, 2026, with NAV at $1.3B, up from $1.2B a year ago.

• Total investment income was $87.2M for Q2 2026, up 25% year-over-year.

• Net investment income per share was $0.51 for Q2 2026, fully covering the dividend.

• Platform assets under management reached $3.2B at fair value, up 36% year-over-year.

• Over $66.4M in undistributed taxable income as of quarter-end, covering over four months of distributions.

Outlook and guidance

• Management expects continued portfolio growth, stable earnings trajectory, and dividend stability for the second half of 2026.

• Focus remains on disciplined origination, portfolio diversification, and maintaining strong credit quality.

• Asset coverage ratio remains strong at 183.7%, supporting ongoing leverage and investment activity.

• Managed funds platform and new ventures are expected to become more significant earnings contributors.