June 7, 2012 - EX-99.S.2 - POS 8C: Post-effective amendment filed under the 1933 Act only or under both the 1933 and 1940 Acts pursuant to Section 8(c) of the 1933 Act by closed-end investment companies (this filing cannot be submitted as a 1940 Act only filing)

Exhibit (s)(2)

Triangle Capital Corporation

Computation of Ratio of Earnings to Fixed Charges


	Year Ended 12/31/2007		Year Ended 12/31/2008		Year Ended 12/31/2009		Year Ended 12/31/2010		Year Ended 12/31/2011		3 Months Ended 3/31/2012
Earnings:
Net Increase (Decrease) in Net Assets Resuting from Operations		8,813,098		7,638,501		4,036,703		25,390,549		56,771,037		12,617,508
Add back: Income Tax Expense (Benefit) and Excise Taxes		52,598		133,010		149,841		220,740		908,416		(7,231	)
Add back: Fixed Charges		2,185,971		4,483,124		7,264,409		8,147,006		11,059,503		3,515,780

Total Earnings		11,051,667		12,254,635		11,450,953		33,758,295		68,738,956		16,126,057


Fixed Charges:
Interest and credit facility fees		2,073,311		4,227,851		6,900,591		7,350,012		10,114,011		3,087,820
Amortization of deferred financing fees		112,660		255,273		363,818		796,994		945,492		222,917
Loss on extinguishment of debt												205,043

Total Fixed Charges		2,185,971		4,483,124		7,264,409		8,147,006		11,059,503		3,515,780


Ratio of Earnings to Fixed Charges		5.06		2.73		1.58		4.14		6.22		4.59

Footnote disclosure:

Footnote (1) disclosure and calculation:


	Year Ended 12/31/2007			Year Ended 12/31/2008		Year Ended 12/31/2009		Year Ended 12/31/2010			Year Ended 12/31/2011			3 Months Ended 3/31/2012
Earnings (excluding unrealized gains/losses):
Net Increase (Decrease) in Net Assets Resuting from Operations		8,813,098			7,638,501		4,036,703		25,390,549			56,771,037			12,617,508
Add back: Income Tax Expense (Benefit) and Excise Taxes		52,598			133,010		149,841		220,740			908,416			(7,231	)
Add back: Fixed Charges		2,185,971			4,483,124		7,264,409		8,147,006			11,059,503			3,515,780
Exclude: Unrealized (Gains) Losses		(3,061,107	)		4,286,375		10,310,194		(10,940,689	)		(6,367,473	)		(621,471	)

Total Earnings (excluding unrealized gains/losses)		7,990,560			16,541,010		21,761,147		22,817,606			62,371,483			15,504,586


Fixed Charges:
Interest and credit facility fees		2,073,311			4,227,851		6,900,591		7,350,012			10,114,011			3,087,820
Amortization of deferred financing fees		112,660			255,273		363,818		796,994			945,492			222,917
Loss on extinguishment of debt															205,043

Total Fixed Charges		2,185,971			4,483,124		7,264,409		8,147,006			11,059,503			3,515,780


Ratio of Earnings (Excluding Unrealized Gain/Loss) to Fixed Charges		3.66			3.69		3.00		2.80			5.64			4.41

Footnote (2) disclosure and calculation


	Year Ended 12/31/2007			Year Ended 12/31/2008			Year Ended 12/31/2009			Year Ended 12/31/2010			Year Ended 12/31/2011			3 Months Ended 3/31/2012
Earnings (excluding unrealized and realized gains/losses):
Net Increase (Decrease) in Net Assets Resuting from Operations		8,813,098			7,638,501			4,036,703			25,390,549			56,771,037			12,617,508
Add back: Income Tax Expense (Benefit) and Excise Taxes		52,598			133,010			149,841			220,740			908,416			(7,231	)
Add back: Fixed Charges		2,185,971			4,483,124			7,264,409			8,147,006			11,059,503			3,515,780
Exclude: Unrealized (Gains) Losses		(3,061,107	)		4,286,375			10,310,194			(10,940,689	)		(6,367,473	)		(621,471	)
Exclude: Realized (Gains) Losses		618,620			(1,435,608	)		(448,164	)		5,478,873			(10,973,487	)

Total Earnings (excluding unrealized and realized gains/losses)		8,609,180			15,105,402			21,312,983			28,296,479			51,397,996			15,504,586


Fixed Charges:
Interest and credit facility fees		2,073,311			4,227,851			6,900,591			7,350,012			10,114,011			3,087,820
Amortization of deferred financing fees		112,660			255,273			363,818			796,994			945,492			222,917
Loss on extinguishment of debt																	205,043

Total Fixed Charges		2,185,971			4,483,124			7,264,409			8,147,006			11,059,503			3,515,780


Ratio of Earnings (Excluding Unrealized Gain/Loss) to Fixed Charges		3.94			3.37			2.93			3.47			4.65			4.41