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Triangle Capital Corporation Paying An Aggregate Of $0.69 Per Share In Regular Quarterly Dividend And Special Cash Distribution On March 26, 2014

Stocks in this article: TCAP

RALEIGH, N.C., March 26, 2014 (GLOBE NEWSWIRE) -- As previously announced, Triangle Capital Corporation (NYSE:TCAP) will pay a special cash distribution of $0.15 per share to shareholders on March 26, 2014, which is in addition to Triangle's regular quarterly dividend of $0.54 per share. This press release serves as a reminder of the previously announced dividend and distribution dates and amounts:

  Declared Record Date Payment Date Amount per Share
Special Distribution 2/12/2014 3/5/2014 3/26/2014 $0.15
Quarterly Dividend 2/24/2014 3/12/2014 3/26/2014 $0.54
  Total payable on March 26, 2014: $0.69

Also as previously announced, Triangle will pay a second special cash distribution of $0.15 per share as follows:

  Declared Record Date Payment Date Amount per Share
Special Distribution 2/12/2014 5/28/2014 6/25/2014 $0.15

The two special distributions are due to the Company's significant net realized long-term capital gains during 2013. 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.

For informational purposes, please note that shareholders will not receive an IRS Form 2439 for tax year 2013 since the Company did not elect deemed distribution treatment for its 2013 long-term capital gains.

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