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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.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) will announce its financial results for Q3 2022 on November 3, 2022, before markets open. The company will hold a conference call at 1:00 PM ET to discuss these results. Interested parties can join via phone or webcast, with replays available shortly after the call. As a specialty finance company, TCPC focuses on direct lending to middle-market companies and aims for high total returns through current income and capital appreciation.
BlackRock TCP Capital Corp. (TCPC) reported its Q2 2022 financial results, revealing a net investment income of $21.3 million, or $0.37 per share, exceeding its $0.30 dividend. The net assets decreased slightly to $807 million, with a net asset value of $13.97 per share, down from $14.27 in Q1 2022. The portfolio's credit quality remains strong, with no new non-accruals. The company made $102.7 million in acquisitions while selling $82.2 million of investments. A third-quarter dividend of $0.30 per share was declared, payable September 30, 2022.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) will report its second quarter financial results for the period ending June 30, 2022, on August 3, 2022, before market opening. The company will hold a conference call on the same day at 1:00 p.m. Eastern Time to discuss the results. Interested participants can join the call by dialing the provided numbers or access the live webcast on TCPC's investor relations website. An archived replay will be available shortly after the live call through August 10, 2022.
BlackRock TCP Capital Corp. (TCPC) reported Q1 2022 financial results, highlighting a net investment income of $19.8 million, or $0.34 per share, surpassing its dividend of $0.30 per share. The company's net assets increased by $12.4 million, amounting to a net asset value per share of $14.27. However, net unrealized losses reached $7.2 million. The portfolio comprised investments in 119 companies valued at $1.8 billion, with 95% of debt investments being floating rate. The board declared a second-quarter dividend of $0.30, payable on June 30, 2022.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) will announce its financial results for Q1 2022 on May 4, 2022, before market opening. A conference call to discuss these results is scheduled for the same day at 1:00 p.m. ET. Investors can join the call by dialing (844) 200-6205 or by accessing the webcast on TCPC's investor relations website. An archived replay of the call will be available two hours post-call until May 11, 2022.
BlackRock TCP Capital Corp. (TCPC) reported strong financial results for Q4 and the year ending December 31, 2021. The company achieved a net investment income of $17.6 million or $0.31 per share, exceeding its quarterly dividend of $0.30. The net increase in net assets from operations was $32.6 million, significantly up from $10.9 million in Q3. The total acquisition during 2021 rose 65% to $757.1 million. The net asset value per share increased to $14.36. As of year-end, total assets were $1.9 billion, with available liquidity around $352.1 million.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) will announce its financial results for the fourth quarter and fiscal year ending December 31, 2021, on February 24, 2022, before market opening. A conference call to discuss these results will occur at 1:00 PM ET on the same day. Interested participants can join the call by dialing specific numbers provided in the announcement or access it via their investor relations website. The company focuses on direct lending to middle-market companies and aims to achieve high total returns through current income and capital appreciation.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) appointed Eric Draut as Lead Independent Director of its Board effective October 28, 2021. Draut has served on the Board since 2011 and was previously Chair of the Audit Committee. The establishment of this role reflects the company’s commitment to strong corporate governance. Additionally, Peter Schwab and M. Freddie Reiss were appointed as Chair of the Governance and Compensation Committee and Chair of the Audit Committee, respectively. The changes aim to enhance leadership and oversight for TCPC's shareholders.
BlackRock TCP Capital Corp. (TCPC) reported its third quarter financial results for 2021, showing a net investment income of $18.7 million, equivalent to $0.32 per share, surpassing the $0.30 dividend paid. Total net assets increased to $814.2 million, with a net asset value per share of $14.09. The company experienced a net increase in assets from operations of $10.9 million, down from $54.8 million in the previous quarter. Notable transactions included $156.9 million in acquisitions and $227.2 million in dispositions. Rajneesh Vig succeeded Howard Levkowitz as Chairman and CEO during the quarter.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced it will report its third-quarter financial results for the period ending September 30, 2021, on November 3, 2021, before market opening. The company will host a conference call at 1:00 p.m. ET to discuss the results, with participation available via phone and webcast. TCPC specializes in direct lending to middle-market and small businesses, focusing on sustainable competitive advantages and aiming for high total returns through income and capital appreciation.