Triangle Capital is a finance company that provides customized financing to lower middle market companies. Co. defines lower middle market companies as those having annual revenues between $10.0 million and $250.0 million. Co. invests primarily in subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests. On a more limited basis, Co. also invests in senior debt securities secured by first lien security interests in portfolio company assets. Co.'s investments generally range from $5.0 million to $35.0 million per portfolio company. As of Dec 31 2016, Co. had investments in 88 portfolio companies. The TCAP stock yearly return is shown above.
The yearly return on the TCAP stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2017 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the TCAP annual return calculation with any dividends reinvested as applicable (on ex-dates).
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