TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) announced on October 15, 2025 that its Board of Directors has declared a regular fourth‑quarter distribution of $0.23 per share, down from the $0.30 per share paid in the previous quarter. The board also approved a supplemental distribution of $0.02 per share, intended to distribute all remaining undistributed taxable income as of December 31, 2024. Both distributions will be payable on December 30, 2025 to shareholders of record as of December 16, 2025.
The reduction in the regular distribution represents a more than 10% change, qualifying as a significant financing decision that alters the cash flow available to TPVG shareholders. The supplemental dividend is a one‑time payout designed to fully utilize the company’s taxable income, thereby optimizing tax efficiency and preserving capital for future debt refinancing and portfolio growth.
By lowering the regular payout, TPVG signals a shift toward greater capital preservation amid a challenging debt‑refinancing environment, while the supplemental dividend ensures that shareholders receive the full benefit of the company’s taxable earnings. This dual approach reflects the company’s broader strategy of balancing income generation with long‑term financial flexibility.
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