TriplePoint Venture Growth BDC (TPVG) Posts Q2 EPS of $0.55

TriplePoint Venture Growth BDC (NYSE: TPVG) reported Q2 EPS of $0.55, versus the analyst estimate of $0.32.

• Total investment income of $15.7 million, or $0.98 per share
• Net investment income of $8.8 million, or $0.55 per share
• Net increase in net assets resulting from operations of $7.9 million, or $0.50 per share
• Quarterly increase in net asset value of $0.14 per share to $13.52
• 19.9% weighted average annualized portfolio yield on debt investments for the second quarter
• Signed $143.9 million of new term sheets and closed $106.0 million of new debt commitments to venture growth stage companies
• Funded $56.9 million in debt investments and $1.0 million in equity investments to seven portfolio companies
• Received $129.5 million of repayments and prepayments from five portfolio companies
• Declared a third quarter distribution of $0.36 per share, payable on September 15, 2017; bringing total distributions to $5.18 per share since IPO
• Subsequent to second quarter, raised approximately $72.3 million of net proceeds from the issuance of 5.75% notes due 2022 (NYSE: TPVY), and exercised option to redeem $54.6 million of 6.75% notes due 2020 (NYSE: TPVZ)

For earnings history and earnings-related data on TriplePoint Venture Growth BDC (TPVG) click here.

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