Form: N-2/A

Initial filing of a registration statement on Form N-2 for closed-end investment companies

December 4, 2014



Exhibit (d)(11)

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2)           |__|
___________________________
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)

(Jurisdiction of incorporation
if not a U.S. national bank)
95-3571558
(I.R.S. employer
identification no.)
400 South Hope Street
Suite 400
Los Angeles, California
(Address of principal executive offices)


90071
(Zip code)

___________________________
TRIANGLE CAPITAL CORPORATION
(Exact name of obligor as specified in its charter)
Maryland
(State or other jurisdiction of
incorporation or organization)
06-1798488
(I.R.S. employer
identification no.)

3700 Glenwood Avenue, Suite 530
Raleigh, North Carolina
(Address of principal executive offices)


27612
(Zip code)
___________________________
Debt Securities
(Title of the indenture securities)
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1.    General information. Furnish the following information as to the trustee:
(a)
Name and address of each examining or supervising authority to which it is subject.
Name
Address
Comptroller of the Currency
United States Department of the Treasury
Washington, DC 20219
Federal Reserve Bank
San Francisco, CA 94105
Federal Deposit Insurance Corporation
Washington, DC 20429
(b)
Whether it is authorized to exercise corporate trust powers.
Yes.
2.
Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such affiliation.
None.
16.
List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a‑29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d).
1.
A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).
2.
A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
3.
A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).
4.
A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713).
6.
The consent of the trustee required by Section 321(b) of the Act (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-152875).
7.
A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

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SIGNATURE
Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Jacksonville, and State of Florida, on the 4th day of December, 2014.
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
By: /s/ Scott Williams    
Name: Scott M. Williams
Title: Vice President

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EXHIBIT 7

Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 400 South Hope Street, Suite 400, Los Angeles, CA 90071

At the close of business September 30, 2014, published in accordance with Federal regulatory authority instructions.

 
Dollar amounts
in thousands
ASSETS
 
Cash and balances due from depository institutions:
 
     Noninterest-bearing balances and currency and coin
2,482

     Interest-bearing balances
286

Securities:
 
     Held-to-maturity securities

     Available-for-sale securities
644,967

Federal funds sold and securities purchased under agreements to resell:
 
     Federal funds sold
178,000

     Securities purchased under agreements to resell

Loans and lease financing receivables:
 
     Loans and leases held for sale

     Loans and leases, net of unearned income

     LESS: Allowance for loan and lease losses

     Loans and leases, net of unearned income and allowance

Trading assets

Premises and fixed assets (including capitalized leases)
11,971

Other real estate owned

Investments in unconsolidated subsidiaries and associated companies

Direct and indirect investments in real estate ventures

Intangible assets:
 
     Goodwill
856,313

     Other intangible assets
110,619

Other assets
126,482

Total assets
1,931,120



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LIABILITIES
 
Deposits:
 
      In domestic offices
904

          Noninterest-bearing
904

          Interest-bearing

     Not applicable
 
Federal funds purchased and securities sold under agreements to repurchase:
 
     Federal funds purchased

     Securities sold under agreements to repurchase

Trading liabilities

Other borrowed money:
 
     (includes mortgage indebtedness and obligations under capitalized leases)

Not applicable
 
Not applicable
 
Subordinated notes and debentures

Other liabilities
257,116

Total liabilities
258,020

Not applicable
 
 
 
EQUITY CAPITAL
 
Perpetual preferred stock and related surplus

Common stock
1,000

Surplus (exclude all surplus related to preferred stock)
1,122,128

Not available
 
   Retained earnings
549,211

   Accumulated other comprehensive income
761

Other equity capital components
 
Not available
 
   Total bank equity capital
1,673,100

   Noncontrolling (minority) interests in consolidated subsidiaries

Total equity capital
1,673,100

Total liabilities and equity capital
1,931,120


I, Matthew J. McNulty, CFO of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Matthew J. McNulty     )    CFO


We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Antonio I. Portuondo, President )
William D. Lindelof, Director    )    Directors (Trustees)
Alphonse J. Briand, Director    )                                

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