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Triangle Capital Corporation Reports Fourth Quarter And Full Year 2012 Results

Net investment income for 2012 was $57.7 million, compared to net investment income of $40.5 million during 2011, representing an increase of 42.4%. Net investment income per share during 2012 was $2.16, based on a weighted average share count of 26.7 million, compared to $2.07 per share during 2011, based on a weighted average share count of 19.6 million.

For the year ended December 31, 2012, Triangle recorded net unrealized depreciation of investments, net of income taxes, in the amount of $2.9 million and a net realized gain on investments of $6.7 million, for a total net gain on investments of $3.8 million. For the year ended December 31, 2011, Triangle recorded net unrealized appreciation of investments, net of income taxes, in the amount of $6.4 million and a net realized gain on investments of $11.0 million, for a total net gain on investments of $17.3 million. As a result of these events, the Company's net increase in net assets resulting from operations during the year ended December 31, 2012, was $60.1 million as compared to $56.8 million for the year ended December 31, 2011. The Company's net increase in net assets resulting from operations was $2.25 per share during 2012, based on the Company's weighted average shares outstanding of 26.7 million, compared to $2.90 per share in 2011, based on the Company's weighted average shares outstanding of 19.6 million.

The Company's net asset value per share at December 31, 2012, was $15.30, based on total shares outstanding at December 31, 2012, of 27.3 million, as compared to the Company's net asset value per share at December 31, 2011, of $14.68, based on total shares outstanding at December 31, 2011, of 22.8 million. As of December 31, 2012, the Company's weighted average yield on all of its outstanding debt investments (other than non-accrual debt investments) was 14.6%, compared to 15.0% at December 31, 2011.

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