TPVG Q1 NII $0.41/share, total investment income $29.3M; NAV $9.02

TriplePoint Venture Growth BDC Corp.

2024-Q1 EPS reported $0.41

Net investment income $15.5M ($0.41/share) vs $18.6M ($0.53/share) in Q1 2023.
Total investment income $29.3M, down from $33.6M YoY; portfolio yield 15.4%.
Net asset value $341.3M ($9.02/share) vs $346.3M ($9.21) at Dec 31, 2023.
Declared Q2 distribution $0.40/share, payable June 28, 2024; record June 14.
Signed $130.5M term sheets; closed $10M new commitments; funded $13.5M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TriplePoint Venture Growth BDC Corp. reported first quarter ended March 31, 2024 results: revenue $29.3 million, net income $15.5 million, EPS $0.41 per share.

Period: first quarter ended March 31, 2024
Revenue: $29.3 million
Net income: $15.5 million
EPS: $0.41 per share
Result: reported results

Exact text from the filing

First Quarter 2024 Highlights ▪ Signed $130.5 million of term sheets with venture growth stage companies at TriplePoint Capital LLC (“TPC”) and TPVG closed $10.0 million of new debt commitments to venture growth stage companies; ▪ Funded $13.5 million in debt investments to three portfolio companies with a 14.3% weighted average annualized yield at origination; ▪ Received $30.8 million of loan principal prepayments; ▪ Achieved a 15.4% weighted average annualized portfolio yield on debt investments for the quarter 1 ; ▪ Earned net investment income of $15.5 million, or $0.41 per share; ▪ Generated total investment income of $29.3 million;

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Source: SEC EDGAR

accession 0001580345-24-000029

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