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Trinity Capital adjusts to conversion rate of its 6.00% convertible notes due 2025.

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M2 EQUITYBITES-December 31, 2021-Trinity Capital adjusts to conversion rate of its 6.00% convertible notes due 2025

(C)2021 M2 COMMUNICATIONS http://www.m2.com

Trinity Capital Inc (NASDAQ:TRIN) revealed on Thursday an adjustment to the conversion rate of its 6.00% convertible notes due 2025 (the convertible notes) as a result of its cash dividend of USD0.36 per share.

The dividend will be paid on 14 January 2022 to stockholders of record date as of 31 December 2021 and the ex-dividend date is 30 December 2021.

Immediately after the close of business on 31 December 2021, the conversion rate of the convertible notes will be adjusted to 67.0278 shares of the company's common stock per USD1,000 principal amount of the convertible notes, from the prior rate of 66.7960 common stock shares per USD1,000 principal amount of convertible notes, in effect since 1 October 2021. Therefore, the conversion price applicable to the convertible notes will be adjusted to USD14.92 per share of common stock.

Further, the adjustment to the conversion rate of the convertible notes is being...

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