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TRIN / One Single New Preferred Stock IPO This Month

One Single New Preferred Stock IPO This Month
Tightening financial conditions have led to a significant decrease in preferred stock and ETD offering activity, with only one new preferred stock offered in May. Allstate issued non-cumulative perpetual preferred shares with a fixed 7.375% dividend rate, while Gladstone Investment Corporation offered $65 million worth of 8% senior notes due 2028. CDx3 preferred stocks ranked 10 out of 10 are selling at an average discount to par of about 7.4% and offer an average current yield of 6.37%. Read More
Posted: Jun 1 2023, 14:47
Author Name: Seeking Alpha
Views: 110846

TRIN News  

Trinity Capital Inc. (TRIN) Q3 2023 Earnings Call Transcript

By Seeking Alpha
November 1, 2023

Trinity Capital Inc. (TRIN) Q3 2023 Earnings Call Transcript

Trinity Capital Inc. (NASDAQ:TRIN ) Q3 2023 Earnings Conference Call November 1, 2023 12:00 PM ET Company Participants Ben Malcolmson - Director of IR more_horizontal

Trinity Capital: This 14.1% Yielding BDC Is Underrated

By Seeking Alpha
October 18, 2023

Trinity Capital: This 14.1% Yielding BDC Is Underrated

Trinity Capital Inc. is a well-managed business development company that provides financial solutions to growth companies. The BDC has expertise in fi more_horizontal

Trinity Capital: A 14.5%-Yielding 'Higher-For-Longer' Buy

By Seeking Alpha
October 10, 2023

Trinity Capital: A 14.5%-Yielding 'Higher-For-Longer' Buy

Trinity Capital is a self-managed BDC that offers exposure to growth-stage companies backed by venture capital. The company's diversified portfolio, f more_horizontal

Trinity Capital: Locking In The 'Double Dividend'

By Seeking Alpha
September 12, 2023

Trinity Capital: Locking In The 'Double Dividend'

Trinity Capital's share offering and the small increase in net asset value per share did not significantly impact our covered call trade. The covered more_horizontal

BDC Weekly Review: Will Dividend Coverage Ever Fall Back To Earth?

By Seeking Alpha
August 26, 2023

BDC Weekly Review: Will Dividend Coverage Ever Fall Back To Earth?

We take a look at the action in business development companies through the third week of August and highlight some of the key themes we are watching. more_horizontal

Trinity Capital: Buy The Dip, It Yields 13.6%

By Seeking Alpha
August 8, 2023

Trinity Capital: Buy The Dip, It Yields 13.6%

Trinity Capital recently hiked its quarterly cash dividend by 2.1% and currently yields 13.6%. This distribution was 127% covered by net investment in more_horizontal

Trinity Capital: Initiating Coverage Of This 14% Yielding BDC

By Seeking Alpha
August 1, 2023

Trinity Capital: Initiating Coverage Of This 14% Yielding BDC

This article discusses TRIN which I have started active coverage assessing the sustainability of the dividend, portfolio credit quality, and quality o more_horizontal

Trinity Capital: Chance To 'Double Your Dividend'

By Seeking Alpha
July 8, 2023

Trinity Capital: Chance To 'Double Your Dividend'

Trinity Capital is a business development company that's focused on venture capital lending and equipment loans. Recently, Jefferies initiated coverag more_horizontal


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