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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.
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.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) has priced $150 million in 2.850% notes due 2026. The notes are expected to close on August 27, 2021, and will be treated as a single series with existing notes of the same rate. The proceeds will help redeem $175 million of 4.125% notes due 2022 and repay credit facilities. TCPC's total notes due in 2026 will rise to $325 million. These notes are unsecured obligations ranking equally with other senior debts but subordinated to subsidiary debts.
BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced a notice of redemption for its $175 million 4.125% Notes due 2022, effective September 17, 2021. Investors will receive either 100% of the principal amount or the present value of remaining payments discounted at the Treasury Rate plus 40 basis points. This press release does not serve as a redemption notice, and holders should consult the trustee for details. The Company focuses on lending to middle-market and small businesses, aiming for high returns while ensuring principal protection.
BlackRock TCP Capital Corp. (TCPC) reported its Q2 2021 financial results with net investment income of $17.8 million ($0.31 per share), surpassing the dividend of $0.30 per share. The net increase in net assets from operations was $54.8 million ($0.95 per share), significantly up from $35.5 million in Q1 2021. Net asset value per share rose 4.8% to $14.21. The company invested $235.7 million during Q2, with a portfolio fair value of approximately $1.8 billion. The board declared a third quarter dividend of $0.30 per share, payable on September 30, 2021.
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