This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Triangle Capital's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Please note that this call contains forward-looking statements that provide other than historical information including statements regarding our goals, [inaudible], strategies, future operating results and cash flows.

Although we believe these statements are reasonable, actual results could different materially from those projected in forward-looking statements. These statements are based on various underlying assumptions and are subject to numerous uncertainties and risks including those disclosed under our section titled, "Risk Factors and Forward-Looking Statements" and our annual report on Form 10K for the fiscal year ended December 31, 2011 and quarterly report on Form 10Q for the quarter ended June 30, 2012. These are filed with the Securities and Exchange Commission.

TCAP undertakes no obligation to update or revise any forward-looking statements. And now, I’ll turn the call back over to Garland.

Garland Tucker

Okay, thank you, Sheri. And again welcome to everyone for today’s call. We are very pleased once again to have strong quarterly results to discuss with you. Before we get into the substance of today’s calls, I’d like to note that Brent Burgess, our Chief Investment Officer is unable to be with us as he’s traveling.

Aside from Brent’s absence, we will follow our customary format which is for me to discuss some highlights for the quarter and then for Steven to provide more detailed information about our financial results and liquidity, our capital market’s activity and our investment activity during the quarter.

At the conclusion of these prepared remarks, Steven and I will be happy to answer any questions that you may have.

First, most of you probably saw that we increased our quarterly dividend to $0.50 in June which was a year-over-year increase of $0.06 per share or 13.6% over the second quarter of 2011.

Obviously, we were very pleased with such a meaningful dividend increase and we’re equally pleased that our net investment income of $0.52 per share was once again comfortably in excess of our dividend.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.00 -0.66%
FB $118.08 0.02%
GOOG $699.54 0.55%
TSLA $213.68 -4.00%
YHOO $37.05 2.90%


Chart of I:DJI
DOW 17,692.42 +41.16 0.23%
S&P 500 2,054.58 +3.46 0.17%
NASDAQ 4,733.4520 +7.8130 0.17%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs