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

Stocks in this article: TCAP

RALEIGH, N.C., May 14, 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 30 th consecutive quarterly dividend since its initial public offering in February, 2007.

The Company's dividend will be payable as follows:

Record Date: June 11, 2014
Payment Date: June 25, 2014
Amount Per Share: $0.54

This quarterly dividend is separate and apart from the special cash distributions Triangle announced on February 12, 2014. The special distributions total $0.30 per share consisting of two equal payments of $0.15 per share. The record date for the first special distribution was March 5, 2014, and payment date was March 26, 2014. As previously announced, the second special distribution will be payable as follows:

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

Based on the regular quarterly dividend of $0.54 per share for the second quarter of 2014 and the special distributions totaling $0.30 per share, Triangle's current annualized cash payout is $2.46 per share.

Dividend Reinvestment Plan

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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