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. reports news as a publicly traded business development company focused on direct lending to middle-market companies and small businesses. The company seeks returns from current income and capital appreciation, primarily through debt investments in established companies across industries where it has lending expertise.
Recurring TCPC updates include quarterly and annual financial results, dividend declarations, portfolio and valuation commentary, capital-structure activity, material financing agreements, and governance matters. The company is externally managed by an adviser that is a wholly owned, indirect subsidiary of BlackRock, Inc.
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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.
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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.
BlackRock TCP Capital Corp. (TCPC) reported its Q3 2022 financial results, showing a net investment income of $24.4 million, or $0.42 per share, surpassing its $0.30 dividend. The Q3 net increase in net assets from operations was $26.2 million, reflecting a rise in interest income due to higher LIBOR/SOFR rates. The net asset value per share rose to $14.12. The company maintained strong credit quality with no new non-accruals and increased diversification in its portfolio, which reached 132 companies valued at approximately $1.7 billion.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced the appointment of Karen L. Leets as an independent director, effective October 27, 2022. With 20 years of corporate governance experience, including roles at Baxter International and Lutheran Social Services of Illinois, Ms. Leets will serve on the Audit and Governance and Compensation Committees. Her appointment brings the Board to seven members, six of whom are independent, further strengthening governance focused on long-term growth and returns.