earnings
confidence high
sentiment positive
materiality 0.75
Q4 NII $0.42/sh, record portfolio $865M; declares $0.36 Q1 dividend
TriplePoint Venture Growth BDC Corp.
- Net investment income $12.9M ($0.42/sh) in Q4, up from $9.9M ($0.32/sh) prior quarter; FY2021 NII $41.1M ($1.33/sh).
- Portfolio fair value record $865M as of Dec 31, 2021; net asset value $14.01/sh, up from $12.97/sh a year earlier.
- Declared Q1 2022 distribution $0.36/sh, payable March 31, 2022; estimated spillover income $0.40/sh.
- Subsequent event: raised $125M of 5.0% institutional notes due 2027 (BBB rated) in private placement.
- Signed record $724.9M term sheets at TPC; closed $232.3M new debt commitments in Q4.