TCAP Dividend History & Description — Triangle Capital Corp
Triangle Capital is a finance company that provides financing to lower middle market companies located throughout the U.S. Co. defines lower middle market companies as those having annual revenues between $10.0 million and $250.0 million. Co. invests primarily in subordinated debt securities secured by second lien security interests in portfolio company assets, coupled with equity interests. On a more limited basis, Co. also invests in senior debt securities secured by first lien security interests in portfolio companies. As of Dec 31 2011, the total value of Co.'s investment portfolio was $507.1 million. As of the same date, Co. had investments in 63 portfolio companies.