12% monthly dividend with non-accruals at 1.1%.
TRIN at a premium still makes sense for income because the 12% yield, monthly dividends, and only 1.1% non-accruals support durable distributions.
TRIN’s case for income rests on maintaining a high 12% dividend yield while switching to monthly payments, paired with low non-accruals at 1.1%. Even though the stock trades above NAV per share (about $17 vs. $13.27), the premium is presented as having less risk of distribution cuts than peers.