ET Head of Investor Relations - Ben Malcolmson General Counsel and Chief Compliance Officer - Sarah Stanton Operator: Good morning. My name is Angela, and I will be your conference operator today. At this time, I would like to welcome everyone to Trinity Capital's Second Quarter 2026 Earnings Conference Call, which is being held on August 5, 2026. [Operator Instructions] It is now my pleasure to turn the call over to Ben Malcolmson, Trinity Capital's Head of Investor Relations.
Ben Malcolmson: Thank you, and welcome to Trinity Capital's second quarter 2026 earnings conference call. Speaking on today's call are Kyle Brown, Chief Executive Officer; Sarah Stanton, General Counsel and Chief Compliance Officer; Michael Testa, Chief Financial Officer; and Gerry Harder, Chief Operating Officer. Also joining us for the Q&A portion of the call is Ronald Kundich, Chief Credit Officer.
Earlier today, we released our financial results, which are available on our website at ir.trinitycapital.com. As a reminder, certain statements on this call may be considered forward-looking under federal securities laws. For a full discussion of the risks and uncertainties related to these statements, please refer to our most recent SEC filings.
With that, please allow me to turn the call over to Trinity Capital's CEO, Kyle Brown. Kyle Brown: Thanks, Ben, and thank you to everyone joining today. Trinity Capital leads the BDC space in year-to-date shareholder return as we continue to build a differentiated platform, fueled by a diversified 5-vertical lending enterprise, a managed funds business generating income in addition to our portfolio returns, and an internally managed structure that keeps our interests aligned with shareholders.
We believe these unique advantages are driving our consistent outperformance. To start off, I'd like to spotlight some shareholder-friendly news from Q2. As of June 30, TRIN's total shareholder return is the best in the BDC space over the last 1, 3, and 5 years.
From our IPO in 2021 to the end of Q2, TRIN's stock has delivered a total return of 174%, far outpacing the S&P 500's 114% and the BDC index is 58% over that same time period. We are paying a $0.17 monthly dividend through the end of Q3, and TRIN shareholders have been the recipients of a consistent distribution for approaching 7 consecutive years now. Our managed funds platform continues to grow at a healthy pace, and income generated from the platform contributed 6% of our net investment income in Q2.
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