secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock TCP Capital Corp. (TCPC)
CIK:        0001370755
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0000950170-23-004874
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TCPC Q4 NII $0.40/shr covers dividend; NAV falls to $12.93 from $14.36; net loss $47.8M
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- Net investment income $23.0M ($0.40/shr) exceeded $0.32 dividend; net operating loss $47.8M ($0.83/shr) on $70.8M unrealized losses.
- NAV per share fell to $12.93 from $14.12 sequentially and from $14.36 a year ago; non-accruals 2.0% at fair value.
- Unrealized losses driven by markdowns in Autoalert ($21.5M), Edmentum ($18.6M), Razor Group ($6.3M), plus market spread widening.
- Declared Q1 2023 dividend of $0.32/shr, payable Mar 31; special dividend of $0.05 paid Jan 12.
- Weighted average effective yield on debt portfolio rose to 12.7% from 11.3%, benefiting from rising base rates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370755/000095017023004874/0000950170-23-004874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370755/000095017023004874/tcpc-20230228.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-004874

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