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BlackRock TCP Capital Corp. - TCPC STOCK NEWS

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. (NASDAQ: TCPC) is a publicly-traded business development company (BDC) focusing on middle-market lending. The primary objective of BlackRock TCP Capital Corp. is to achieve high total returns while minimizing losses through investments in the debt securities of middle-market companies, typically defined as those with enterprise values between $100 million and $1.5 billion.

Managed externally by Tennenbaum Capital Partners, LLC, a renowned alternative investment manager, the company leverages extensive industry experience and a disciplined investment process to deliver consistent performance. The firm's strategy emphasizes principal protection and seeks to generate returns through a combination of contractual interest payments, origination fees, and equity appreciation opportunities such as options, warrants, and conversion rights.

BlackRock TCP Capital Corp. operates within the regulatory framework of the Investment Company Act of 1940, ensuring strict compliance and risk management. The firm’s diversified portfolio includes investments across various sectors, providing resilience and growth potential in different market conditions.

Recent achievements include solid financial performance and strategic partnerships that have bolstered its market position. The company's focus on middle-market companies positions it uniquely to capitalize on growth opportunities in this segment, offering substantial value to its shareholders.

For the latest updates and detailed information about BlackRock TCP Capital Corp., visit their official website at www.tcpcapital.com.

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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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BlackRock TCP Capital Corp. (NASDAQ: TCPC) has announced the pricing of a $325 million public offering of 6.95% notes due 2029. These senior unsecured notes will bear interest at an annual rate of 6.95%, payable semiannually, and are expected to be issued around May 30, 2024, subject to customary conditions.

The proceeds will be used to repay the company's outstanding 3.900% notes due 2024, temporarily repay other debt, and possibly for other corporate purposes. Morgan Stanley, BofA Securities, and SMBC Nikko Securities are acting as joint book-running managers.

Potential investors are advised to consult the prospectus and related documents filed with the SEC for more information.

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BlackRock TCP Capital Corp. announced its first-quarter 2024 financial results, including net investment income of $28.3 million and a second-quarter dividend of $0.34 per share. The company's net asset value per share was $11.14 at the end of March 2024.

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BlackRock TCP Capital Corp. (TCPC) will release its Q1 financial results on May 1, 2024, followed by a conference call. Interested parties can join the call or access the webcast on TCPC's website. Replay options are available for those unable to attend live.
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BlackRock TCP Capital Corp. (TCPC) has completed a merger with BlackRock Capital Investment (BKCC), resulting in TCPC trading on Nasdaq under the ticker symbol 'TCPC'. Former BCIC shareholders will receive 0.3834 shares of TCPC for each BCIC share. The merger positions TCPC for growth, with legacy TCPC shareholders owning 67.5% and former BCIC shareholders owning 32.5% of the combined entity.
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BlackRock TCP Capital Corp. (TCPC) announces the merger with BlackRock Capital Investment (BCIC), creating a combined company on the Nasdaq under the ticker symbol 'TCPC'. Former BCIC shareholders will receive 0.3834 shares of TCPC per BCIC share. The merger results in TCPC shareholders owning 67.5% and former BCIC shareholders owning 32.5% of the combined entity. TCPC's advisor agreed to reduce the management fee rate and waive advisory fees under certain conditions.
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BlackRock TCP Capital Corp. (TCPC) and BlackRock Capital Investment Corporation (BKCC) have received shareholder approval for their merger, with over 90% of shareholders voting in favor. Rajneesh Vig expressed gratitude for the strong support.
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BlackRock TCP Capital Corp. reports financial results for Q4 and full year 2023, showcasing strong net investment income and dividend coverage. The company's net asset value per share declined, primarily due to unrealized losses. The Merger Agreement with BlackRock Capital Investment Corporation is progressing, expected to enhance scale and operational synergies.
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BlackRock TCP Capital Corp. (TCPC) will report its financial results for the fourth quarter and fiscal year ended December 31, 2023, on Thursday, February 29, 2024. The company will host a conference call to discuss its financial results, and interested parties are invited to participate. The conference call will be webcast simultaneously on TCPC’s website and an archived replay will be available for a limited time.
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BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced its financial results for Q3 2023. Net investment income was $28.3 million, exceeding the regular quarterly dividend of $0.34 per share. Net asset value per share was $12.72. Total acquisitions were $92.4 million, and total dispositions were $125.6 million. Moody's reaffirmed the Company's investment-grade rating. Three portfolio companies are on non-accrual status. The Funding Facility II maturity date was extended to 2027. A Q4 regular dividend of $0.34 per share and a special dividend of $0.25 per share were declared. The Company will merge with a subsidiary of TCPC, subject to approvals.
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FAQ

What is BlackRock TCP Capital Corp.?

BlackRock TCP Capital Corp. is a publicly-traded business development company focused on middle-market lending, managed by Tennenbaum Capital Partners, LLC.

What is the investment objective of BlackRock TCP Capital Corp.?

The investment objective is to achieve high total returns through current income and capital appreciation, emphasizing principal protection.

How does BlackRock TCP Capital Corp. achieve its investment objective?

The company invests in debt securities of middle-market companies, generating returns through interest payments, fees, and equity appreciation.

What are middle-market companies?

Middle-market companies typically have enterprise values between $100 million and $1.5 billion.

Who manages BlackRock TCP Capital Corp.?

The company is externally managed by Tennenbaum Capital Partners, LLC, a leading alternative investment manager.

What regulatory framework does BlackRock TCP Capital Corp. operate under?

The company operates under the Investment Company Act of 1940, ensuring compliance and risk management.

Where can I find more information about BlackRock TCP Capital Corp.?

For more information, visit their official website at www.tcpcapital.com.

What types of returns does BlackRock TCP Capital Corp. generate?

The company generates returns through contractual interest payments, origination fees, and equity appreciation opportunities.

What sectors does BlackRock TCP Capital Corp. invest in?

The company has a diversified portfolio that includes investments across various sectors.

What recent achievements has BlackRock TCP Capital Corp. made?

Recent achievements include solid financial performance and strategic partnerships that have bolstered its market position.

BlackRock TCP Capital Corp.

Nasdaq:TCPC

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920.53M
85.59M
0.3%
20.93%
1.48%
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