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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.

BlackRock TCP Capital Corp. (NASDAQ: TCPC) is a publicly-traded business development company (BDC) focusing on middle-market lending. The primary objective of BlackRock TCP Capital Corp. is to achieve high total returns while minimizing losses through investments in the debt securities of middle-market companies, typically defined as those with enterprise values between $100 million and $1.5 billion.

Managed externally by Tennenbaum Capital Partners, LLC, a renowned alternative investment manager, the company leverages extensive industry experience and a disciplined investment process to deliver consistent performance. The firm's strategy emphasizes principal protection and seeks to generate returns through a combination of contractual interest payments, origination fees, and equity appreciation opportunities such as options, warrants, and conversion rights.

BlackRock TCP Capital Corp. operates within the regulatory framework of the Investment Company Act of 1940, ensuring strict compliance and risk management. The firm’s diversified portfolio includes investments across various sectors, providing resilience and growth potential in different market conditions.

Recent achievements include solid financial performance and strategic partnerships that have bolstered its market position. The company's focus on middle-market companies positions it uniquely to capitalize on growth opportunities in this segment, offering substantial value to its shareholders.

For the latest updates and detailed information about BlackRock TCP Capital Corp., visit their official website at www.tcpcapital.com.

News

BlackRock TCP Capital Corp. Announces Completion of Merger With BlackRock Capital Investment Corporation

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BlackRock TCP Capital Corp. (TCPC) announces the merger with BlackRock Capital Investment (BCIC), creating a combined company on the Nasdaq under the ticker symbol 'TCPC'. Former BCIC shareholders will receive 0.3834 shares of TCPC per BCIC share. The merger results in TCPC shareholders owning 67.5% and former BCIC shareholders owning 32.5% of the combined entity. TCPC's advisor agreed to reduce the management fee rate and waive advisory fees under certain conditions.
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BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation Announce Shareholder Approval of Merger

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BlackRock TCP Capital Corp. (TCPC) and BlackRock Capital Investment Corporation (BKCC) have received shareholder approval for their merger, with over 90% of shareholders voting in favor. Rajneesh Vig expressed gratitude for the strong support.
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BlackRock TCP Capital Corp. Announces 2023 Financial Results Including Fourth Quarter Net Investment Income of $0.44 Per Share; Declares First Quarter Dividend of $0.34 Per Share; 47 Consecutive Quarters of Dividend Coverage

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BlackRock TCP Capital Corp. reports financial results for Q4 and full year 2023, showcasing strong net investment income and dividend coverage. The company's net asset value per share declined, primarily due to unrealized losses. The Merger Agreement with BlackRock Capital Investment Corporation is progressing, expected to enhance scale and operational synergies.
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BlackRock TCP Capital Corp. to Report Fourth Quarter and Fiscal Year ended December 31, 2023 Financial Results on February 29, 2024

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BlackRock TCP Capital Corp. (TCPC) will report its financial results for the fourth quarter and fiscal year ended December 31, 2023, on Thursday, February 29, 2024. The company will host a conference call to discuss its financial results, and interested parties are invited to participate. The conference call will be webcast simultaneously on TCPC’s website and an archived replay will be available for a limited time.
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BlackRock TCP Capital Corp. Announces Third Quarter 2023 Financial Results Including Net Investment Income of $0.49 Per Share; Declares Fourth Quarter Dividend of $0.34 Per Share and a Special Dividend of $0.25 Per Share

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BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced its financial results for Q3 2023. Net investment income was $28.3 million, exceeding the regular quarterly dividend of $0.34 per share. Net asset value per share was $12.72. Total acquisitions were $92.4 million, and total dispositions were $125.6 million. Moody's reaffirmed the Company's investment-grade rating. Three portfolio companies are on non-accrual status. The Funding Facility II maturity date was extended to 2027. A Q4 regular dividend of $0.34 per share and a special dividend of $0.25 per share were declared. The Company will merge with a subsidiary of TCPC, subject to approvals.
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BlackRock TCP Capital Corp. to Report Third Quarter 2023 Financial Results on November 2, 2023

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BlackRock TCP Capital Corp. to report Q3 2023 financial results on November 2, 2023
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BlackRock Capital Investment Corporation Announces Credit Agreement Amendment

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BlackRock Capital Investment Corporation has entered into an amendment to its senior secured revolving credit agreement, extending the maturity date of the loans and commitments, reducing the applicable margin and commitment fee, and permitting a merger with Project Spurs Merger Sub. The Revolving Credit Facility includes an 'accordion' feature to increase its size. Usage of the facility is subject to a borrowing base and is secured by assets. BCIC's legal counsel is Skadden, Arps, Slate, Meagher & Flom LLP.
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BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation Announce Merger Agreement

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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.
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BlackRock TCP Capital Corp. Announces Second Quarter 2023 Financial Results Including Net Investment Income of $0.48 Per Share; Declares Third Quarter Dividend of $0.34 Per Share and a Special Dividend of $0.10 Per Share

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BlackRock TCP Capital Corp. to Report Second Quarter 2023 Financial Results on August 3, 2023

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FAQ

What is the current stock price of BlackRock TCP Capital (TCPC)?

The current stock price of BlackRock TCP Capital (TCPC) is $8.54 as of December 23, 2024.

What is the market cap of BlackRock TCP Capital (TCPC)?

The market cap of BlackRock TCP Capital (TCPC) is approximately 725.8M.

What is BlackRock TCP Capital Corp.?

BlackRock TCP Capital Corp. is a publicly-traded business development company focused on middle-market lending, managed by Tennenbaum Capital Partners, LLC.

What is the investment objective of BlackRock TCP Capital Corp.?

The investment objective is to achieve high total returns through current income and capital appreciation, emphasizing principal protection.

How does BlackRock TCP Capital Corp. achieve its investment objective?

The company invests in debt securities of middle-market companies, generating returns through interest payments, fees, and equity appreciation.

What are middle-market companies?

Middle-market companies typically have enterprise values between $100 million and $1.5 billion.

Who manages BlackRock TCP Capital Corp.?

The company is externally managed by Tennenbaum Capital Partners, LLC, a leading alternative investment manager.

What regulatory framework does BlackRock TCP Capital Corp. operate under?

The company operates under the Investment Company Act of 1940, ensuring compliance and risk management.

Where can I find more information about BlackRock TCP Capital Corp.?

For more information, visit their official website at www.tcpcapital.com.

What types of returns does BlackRock TCP Capital Corp. generate?

The company generates returns through contractual interest payments, origination fees, and equity appreciation opportunities.

What sectors does BlackRock TCP Capital Corp. invest in?

The company has a diversified portfolio that includes investments across various sectors.

What recent achievements has BlackRock TCP Capital Corp. made?

Recent achievements include solid financial performance and strategic partnerships that have bolstered its market position.

Stock TCPC logo
BlackRock TCP Capital Corp.

Nasdaq:TCPC

TCPC Rankings

#2792 Ranked by Market Cap
#32 Ranked by Dividends

TCPC Stock Data

725.81M
85.29M
0.33%
20.34%
1.42%
Asset Management
Financial Services
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