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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.

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.

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%
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End-of-Day
-1.44%
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conferences earnings
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-1.17%
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conferences earnings
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Rhea-AI Summary
BlackRock TCP Capital Corp. to report Q4 and fiscal year 2022 financial results on February 28, 2023
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Rhea-AI Sentiment
End-of-Day
-0.98%
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-1.39%
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dividends
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-0.84%
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management
BlackRock TCP Capital Corp.

Nasdaq:TCPC

TCPC Rankings

TCPC Stock Data

879.88M
85.59M
0.27%
15.18%
0.97%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States of America
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.