Welcome to our dedicated page for Blackrock Tcp Capital news (Ticker: TCPC), a resource for investors and traders seeking the latest updates and insights on Blackrock Tcp Capital stock.
BlackRock TCP Capital Corp (TCPC) provides investors with comprehensive access to official news and financial updates from this leading middle-market lending specialist. This resource aggregates all material developments for this Business Development Company, including earnings announcements, portfolio activity, and strategic initiatives.
Monitor TCPC's core activities in debt securities investments through timely updates on new credit facilities, covenant amendments, and income-generating transactions. The curated collection includes regulatory filings, investor communications, and analysis of market positioning within the specialty finance sector.
Key updates cover interest payment trends, fee income developments, and risk management practices under external management by Tennenbaum Capital Partners. Users benefit from centralized access to both mandatory disclosures and strategic partnership announcements affecting TCPC's NAV performance.
Bookmark this page for efficient tracking of TCPC's middle-market lending activities, capital allocation decisions, and compliance updates under the Investment Company Act framework. Return regularly to maintain current awareness of this BDC's evolving position in alternative corporate finance solutions.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has announced it will release its first quarter 2025 financial results on Thursday, May 8, 2025, before market opening. The company will host a conference call at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time) on the same day to discuss the results.
Interested parties can join the conference call by dialing (833) 470-1428 (domestic) or (404) 975-4839 (international) with access code 912158. The call will be simultaneously webcast on TCPC's investor relations website. A replay will be available until May 15, 2025, accessible via the company website or by calling (866) 813-9403 (domestic) or (929) 458-6194 (international) with access code 832365.
BlackRock TCP Capital Corp. (TCPC) reported Q4 2024 financial results with net investment income of $33.8 million ($0.40 per share), exceeding the regular dividend of $0.34 per share. The company's net asset value decreased to $9.23 per share from $10.11 in the previous quarter.
Key highlights include:
- Adjusted net investment income for 2024 was $121.5 million ($1.52 per share)
- Q4 acquisitions totaled $120.7 million while dispositions were $168.6 million
- Net leverage increased to 1.14x from 1.08x
- Non-accrual investments rose to 5.6% of portfolio at fair value
The Board declared a Q1 2025 dividend of $0.25 per share and a special dividend of $0.04 per share, both payable March 31, 2025. The company plans additional special dividends of at least $0.02 per share in Q2 and Q3 2025. The investment adviser agreed to waive one-third of its base management fee for three quarters starting January 2025.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has reported its Q4 and full-year 2024 financial results. The company achieved Q4 net investment income of $33.8 million ($0.40 per share), exceeding its regular dividend of $0.34 per share. For the full year 2024, adjusted net investment income was $121.5 million ($1.52 per share).
The Board declared a Q1 2025 regular dividend of $0.25 per share and a special dividend of $0.04 per share, both payable March 31, 2025. The company plans to declare special dividends of at least $0.02 per share in Q2 and Q3 2025.
Key metrics as of December 31, 2024:
- Net asset value per share: $9.23
- Portfolio fair value: $1.8 billion
- Debt investments on non-accrual: 5.6% at fair value
- Available liquidity: $615.3 million
The Adviser has voluntarily agreed to waive one-third of its base management fee for three quarters starting January 1, 2025.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2024 before market opening on February 27, 2025.
The company will host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on the same day to discuss the results. Investors can join via phone using the access code 840439, with domestic callers dialing (833) 470-1428 and international callers using (404) 975-4839. The call will also be webcast on TCPC's investor relations website. A replay will be available until March 6, 2025, accessible through the company website or by phone using access code 715819.
BlackRock TCP Capital Corp (TCPC) reported third quarter 2024 financial results with net investment income of $0.40 per share, exceeding its regular dividend of $0.34. The company declared a fourth quarter dividend of $0.34 and a special dividend of $0.10 per share. Net asset value per share was $10.11 as of September 30, 2024. The portfolio showed improvement with non-accrual investments declining to 3.8% at fair value. Total acquisitions were $72.8 million while dispositions reached $139.2 million. The weighted average annual effective yield of the debt portfolio was 13.4%, with 90.6% in senior secured debt.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has announced it will report its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024, before the financial markets open. The company will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on the same day to discuss these results.
Interested parties can join the call by dialing (833) 470-1428 (domestic) or (404) 975-4839 (international) and using the access code 846824. The call will be simultaneously webcast in the investor relations section of TCPC's website. An archived replay will be available until November 13, 2024, accessible via the website or by calling (866) 813-9403 (domestic) or (929) 458-6194 (international) with access code 616523.
KBRA has assigned BlackRock TCP Capital Corp. (NASDAQ: TCPC) an issuer and senior unsecured debt rating of BBB- with a Stable outlook. The rating is supported by TCPC's connection to BlackRock's $86 billion credit platform and its diversified $2.0 billion investment portfolio across 158 companies in 23+ sectors. Key strengths include:
- 80.6% of investments in senior secured first lien loans
- Solid access to capital markets
- Diversified funding mix
- Low secured debt to gross assets ratio of 8.6%
- Strong liquidity of $779.8 million
However, challenges include high non-accruals at 10.5% (cost) and 4.9% (fair value) as of June 30, 2024, though expected to decrease in Q3. TCPC's gross leverage of 1.35x is higher than peers, but net leverage of 1.13x falls within the target range of 0.90x-1.20x.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has announced significant leadership transitions effective November 6, 2024. Rajneesh Vig will resign as Chairman and CEO but remain on the Board until January 31, 2025. Phil Tseng, current President, will succeed Vig as Chairman, CEO, and Co-Chief Investment Officer. Jason Mehring, current COO, will become President. Patrick Wolfe will be appointed COO, and Dan Worrell will join Tseng as Co-Chief Investment Officer.
These changes aim to position TCPC for its next growth phase in the private credit market. The Board of Directors expressed confidence in the new leadership team's ability to leverage BlackRock's platform and continue delivering strong shareholder returns. The transition is expected to be seamless, with the company maintaining its focus on supporting middle market companies' capital needs.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) reported second quarter 2024 financial results. The company posted net investment income (NII) of $35.8 million, or $0.42 per share, surpassing the dividend paid of $0.34 per share. However, there was a net decrease in net assets from operations of $51.3 million, or $0.60 per share, primarily due to realized and unrealized losses.
The net asset value (NAV) fell to $10.20 per share from $11.14 at the end of the previous quarter. Despite a challenging quarter with higher non-accruals, the company maintained strong dividend coverage for 49 consecutive quarters
In investment activities, BlackRock TCP Capital made acquisitions worth $129.7 million and dispositions totaling $185.0 million. The company issued $325 million in 6.95% notes due 2029 and extended the maturity date of its Operating Facility to 2029. The third quarter dividend of $0.34 per share is declared, payable on September 30, 2024.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced it will report its financial results for the second quarter ended June 30, 2024, on August 7, 2024, prior to market opening. A conference call to discuss the results will follow at 1:00 p.m. Eastern Time. Interested parties can join the call by dialing (833) 470-1428, with international callers using (404) 975-4839 and referencing access code 570726. The call will be webcast live on TCPC's investor relations website and a replay will be available approximately two hours after the live call through August 14, 2024. Access the replay by visiting the TCPC investor relations site or by dialing (866) 813-9403 (international: 929-458-6194) with access code 586837.
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