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) announced it will report its financial results for Q1 2023 on May 4, 2023, prior to market opening. A conference call is set for 1:00 p.m. ET the same day, where management will discuss the results. Interested participants can join by dialing (833) 470-1428 or (404) 975-4839 for international calls, using access code 208703. The call will also be available via webcast, with an archived replay accessible until May 14, 2023.
TCPC specializes in direct lending to middle-market companies, focusing on high total returns through current income and capital appreciation.
BlackRock TCP Capital Corp. (TCPC) reported its financial results for Q4 and year-end 2022. The company achieved a net investment income of $23.0 million ($0.40 per share), exceeding its dividend of $0.32. However, the net asset value (NAV) decreased to $12.93 per share from $14.12 in Q3 2022, reflecting a net decrease in assets of $47.8 million due to markdowns on portfolio companies and credit spread widening. Total assets were approximately $1.7 billion, with loans on non-accrual status at 2.0% of the portfolio. The company declared a special dividend of $0.05 per share in December 2022 and continues to selectively invest in resilient industries.
BlackRock TCP Capital Corp. (TCPC) has declared a special dividend of $0.05 per share, scheduled for payment on January 12, 2023. This dividend is part of the Company's estimated undistributed taxable earnings from net investment income. Throughout 2022, TCPC declared regular distributions totaling $1.22 per share, including an increase to $0.32 per share for the fourth quarter. Shareholders of record as of December 29, 2022 will receive this special dividend.
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