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 a leadership transition, appointing Rajneesh Vig as the new Chairman and CEO, succeeding Howard Levkowitz. Vig's appointment will be effective August 5, 2021, while Phil Tseng will become President and COO on the same date. This change follows Levkowitz's retirement plans, after a successful tenure that included the integration of Tennenbaum Capital Partners into BlackRock. Both Vig and Tseng have significant experience in the private credit sector, positioning TCPC for continued growth and strong shareholder returns.
BlackRock TCP Capital Corp. (TCPC) reported strong financial results for Q1 2021, with net investment income of $18.4 million ($0.32/share), exceeding its $0.30 dividend. The net increase in assets from operations was $35.5 million ($0.61/share), and net asset value per share rose 2.4% to $13.56. The company's portfolio included investments in 98 companies with a fair value of approximately $1.7 billion. The average yield on debt investments was about 9.5%. The board declared a second-quarter dividend of $0.30/share, reflecting confidence in ongoing performance.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) is set to report its financial results for Q1 ended March 31, 2021, on May 5, 2021, before market opening. A conference call will take place at 1:00 p.m. ET the same day to discuss these results. Interested parties can join by dialing (866) 270-1533 in the U.S. or (412) 317-0797 internationally. The call will be available as a webcast on TCPC's investor relations website. An archived replay will be accessible after the live call until May 12, 2021.
BlackRock TCP Capital Corp. (TCPC) reported a 4.2% year-over-year increase in net asset value per share to $13.24 for Q4 2020. Net investment income reached $20.0 million, or $0.35 per share, surpassing its $0.30 dividend. Total investment income was $42.9 million, down from prior year, attributed to decreased LIBOR impacting returns. The company acquired $182.5 million in new investments, focusing on senior secured debt, while maintaining low non-accrual loans at 0.5%. Total assets were $1.7 billion, with liquidity of $342.5 million available at year-end.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has priced $175 million in 2.850% notes due 2026. The transaction is subject to customary closing conditions, with delivery expected on February 9, 2021. The notes will bear a 2.850% annual interest, payable semiannually, and may be redeemed at par with a potential make-whole premium. Proceeds will be used to repay credit facilities and for corporate purposes. The notes rank equally with the Company’s other unsecured senior debt but are subordinated to subsidiary debts and secured liabilities.
BlackRock TCP Capital Corp. (TCPC) revealed preliminary financial estimates for Q4 2020. The estimated net investment income per share ranges from $0.34 to $0.35. The net asset value increased from $12.71 on September 30, 2020, to $13.22 by December 31, 2020, reflecting a 4.0% increase. Total dividends paid were (0.30). Regulatory leverage stands at 0.94x, and gross leverage at 1.12x with non-accrual loans at 0.5%. Final results will be confirmed following the completion of financial closing procedures.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has announced the upcoming release of its financial results for the fourth quarter and fiscal year ended December 31, 2020. The announcement is scheduled for February 25, 2021, before market opening. Alongside, a conference call will be held at 1:00 p.m. ET to discuss these results, accessible via phone and webcast. Interested participants can dial (866) 393-0571 for U.S. calls or (206) 453-2872 for international calls, entering Conference ID 9091365.
BlackRock TCP Capital Corp. (TCPC) announced its Q3 2020 financial results, reporting a net investment income of $20.1 million, or $0.35 per share. The company's net asset value (NAV) per share increased to $12.71, up 4.1% from the previous quarter. Total debt positions constituted 92% of the $1.6 billion investment portfolio, with a weighted average effective yield of 10.0%. The company declared a fourth-quarter dividend of $0.30 per share, payable on December 31, 2020. Total operating expenses were $22.7 million.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has rescheduled its third-quarter financial results call for the period ending September 30, 2020. The results will now be reported on November 2, 2020, after market close, moved from the previously set date of November 5. The company will host a conference call that same day at 5:00 p.m. Eastern Time to discuss its financial outlook. Interested parties can join the call or access a replay through the investor relations section of TCPC’s website.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) will report its third-quarter financial results for the period ending September 30, 2020, on November 5, 2020, before market opening. A conference call to discuss these results is scheduled for the same day at 12:00 p.m. Eastern Time. Interested parties can participate via phone or webcast. TCPC focuses on direct lending to middle-market companies and aims to achieve high total returns by balancing current income and capital appreciation. Further details are available on the company's website.
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