Special Distribution Reflects Significant Undistributed Net Investment Income
TOTAL DISTRIBUTIONS DECLARED IN 2022 INCREASES TO $1.55
TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the “Company,” “TPVG,” “we,” “us,” or “our”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, announced that its Board of Directors declared a special distribution of $0.10 per share, payable on December 30, 2022, to shareholders of record at the close of business on December 22, 2022. Shareholders have the option to receive the distribution payment in cash or receive shares of common stock pursuant to the Company’s dividend reinvestment plan.
During fiscal year 2022, the Company declared distributions of $1.55 per share, bringing the total cumulative distributions declared since its IPO to $13.05 per share. The special distribution represents a portion of the Company’s estimated undistributed taxable earnings from net investment income. The anticipated remaining undistributed taxable earnings from net investment income, which was $18.5 million, or $0.52 per share, as of September 30, 2022, will spill-over into 2023.