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Triangle Capital Corporation Declares Quarterly Cash Dividend Of $0.54 Per Share

RALEIGH, N.C., Feb. 24, 2014 (GLOBE NEWSWIRE) -- Triangle Capital Corporation (NYSE:TCAP) ("Triangle" or the "Company"), a leading provider of capital to lower middle market companies, today announced that its board of directors has declared a cash dividend of $0.54 per share. This is Triangle's twenty-ninth consecutive quarterly dividend since its initial public offering in February, 2007.

The Company's dividend will be payable as follows:

Record Date: March 12, 2014
Payment Date: March 26, 2014
Amount Per Share: $0.54

This quarterly dividend is separate and apart from the two special cash distributions Triangle announced on February 12, 2014. The special distributions total $0.30 per share and will consist of two equal payments of $0.15 per share in March and June of 2014. Based on the regular quarterly dividend of $0.54 per share for the first quarter of 2014 and the special distributions totaling $0.30 per share, Triangle's current annualized cash payout is $2.46 per share.

As previously announced, Triangle's special distributions will be payable as follows:

Record Date: March 5, 2014
Payment Date: March 26, 2014
Amount Per Share: $0.15
   
Record Date: May 28, 2014
Payment Date: June 25, 2014
Amount Per Share: $0.15

At the time of its IPO in February, 2007, Triangle adopted a dividend reinvestment plan ("DRIP") that provides for reinvestment of dividends and distributions on behalf of its stockholders, unless a stockholder elects to receive cash. As a result, when the Company declares a cash dividend or distribution, stockholders who have not opted out of the DRIP will have their cash dividends or distributions automatically reinvested in additional shares of the Company's common stock, rather than receiving cash. 

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