TriplePoint Venture Growth BDC posted net investment income of $8.3 million, or $0.21 per share, down 25.29% from a year earlier.
Total investment and other income slipped 4.86% to $22.1 million, while weighted average annualized portfolio yield on debt investments fell 1.6 percentage points to 12.9%.
Net increase in net assets resulting from operations eased 19.04% to $10.7 million, or $0.26 per share.
Portfolio and distribution update
Debt investments funded rose 80% from the prior quarter to $47.8 million, lifting the debt investment portfolio to $722.8 million at cost.
The company declared a third-quarter regular distribution of $0.23 per share, adding supplemental distributions totaling $0.12 per share in two $0.06 installments.
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