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BlackRock TCP Capital Corp - TCPC STOCK NEWS

Welcome to our dedicated news page for BlackRock TCP Capital (Ticker: TCPC), a resource for investors and traders seeking the latest updates and insights on BlackRock TCP Capital.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BlackRock TCP Capital's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BlackRock TCP Capital's position in the market.

News
BlackRock TCP Capital Corp. to Report First Quarter ended March 31, 2024 Financial Results on May 1, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1%
Tags
conferences earnings
-
News
BlackRock TCP Capital Corp. Announces Completion of Merger With BlackRock Capital Investment Corporation
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
acquisition
-
News
BlackRock TCP Capital Corp. Announces Completion of Merger With BlackRock Capital Investment Corporation
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
Tags
acquisition
News
BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation Announce Shareholder Approval of Merger
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
acquisition
-
News
BlackRock TCP Capital Corp. Announces 2023 Financial Results Including Fourth Quarter Net Investment Income of $0.44 Per Share; Declares First Quarter Dividend of $0.34 Per Share; 47 Consecutive Quarters of Dividend Coverage
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.94%
Tags
dividends earnings
-
News
BlackRock TCP Capital Corp. to Report Fourth Quarter and Fiscal Year ended December 31, 2023 Financial Results on February 29, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
conferences earnings
News
BlackRock TCP Capital Corp. Announces Third Quarter 2023 Financial Results Including Net Investment Income of $0.49 Per Share; Declares Fourth Quarter Dividend of $0.34 Per Share and a Special Dividend of $0.25 Per Share
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.07%
Tags
dividends earnings
-
News
BlackRock TCP Capital Corp. to Report Third Quarter 2023 Financial Results on November 2, 2023
Rhea-AI Summary
BlackRock TCP Capital Corp. to report Q3 2023 financial results on November 2, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
conferences earnings
-
News
BlackRock Capital Investment Corporation Announces Credit Agreement Amendment
Rhea-AI Summary
BlackRock Capital Investment Corporation has entered into an amendment to its senior secured revolving credit agreement, extending the maturity date of the loans and commitments, reducing the applicable margin and commitment fee, and permitting a merger with Project Spurs Merger Sub. The Revolving Credit Facility includes an 'accordion' feature to increase its size. Usage of the facility is subject to a borrowing base and is secured by assets. BCIC's legal counsel is Skadden, Arps, Slate, Meagher & Flom LLP.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.37%
Tags
none
News
BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation Announce Merger Agreement
Rhea-AI Summary
BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation have announced a merger agreement, subject to shareholder approval and closing conditions. TCPC will continue to trade on Nasdaq under the ticker symbol 'TCPC'. The merger is expected to create enhanced scale, improved access to capital, and operating synergies. The advisor has agreed to reduce the base management fee rate from 1.50% to 1.25% and waive advisory fees under certain conditions. The merger is expected to be accretive to net investment income over time. The combined portfolio will be diversified with significant overlap. The transaction is expected to close in Q1 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.37%
Tags
acquisition
Stock TCPC logo
BlackRock TCP Capital Corp

Nasdaq:TCPC

TCPC Rankings

#2519 Ranked by Market Cap
#2856 Ranked by Stock Gains
#52 Ranked by Dividends

TCPC Stock Data

863.61M
0.27%
15.18%
0.97%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Santa Monica

About TCPC

tcp capital corp.'s investment objective is to seek to achieve high total returns while minimizing losses. tcp capital corp. seeks to achieve its investment objective primarily through investments in debt securities of middle-market companies, which it typically defines as those with enterprise values between $100 million and $1.5 billion. tcp capital corp. is a publicly-traded [nasdaq: tcpc] business development company (bdc) regulated under the investment company act of 1940 and is externally managed by its advisor, tennenbaum capital partners, llc, a leading alternative investment manager. for more information, visit www.tcpcapital.com.