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Jefferies initiates Trinity Capital at Buy given its ‘best-in-class’ ROE

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Jefferies on Wednesday initiated coverage of Trinity Capital (NASDAQ:TRIN) at Buy, given its “best-in-class” return on equity at a discount to other internally-managed business development companies.

“We like its positioning in the venture-backed lending space; shareholder-friendly, efficient structure; attractive valuation; best-in-class ROE; and strong track record investing

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