BlackRock TCP Capital Q1 NII $0.44/share; raises dividend 6.3% to $0.34/share

BlackRock TCP Capital Corp.

2023-Q1 EPS reported $0.39

NII of $0.44/share exceeded $0.32 dividend paid in Q1; NAV per share rose to $13.00 from $12.93.
Total investment income $50.3M; net increase in net assets from operations $22.7M ($0.39/share).
Board declared Q2 dividend $0.34/share, up 6.3% from prior quarter; payable June 30, record June 16.
Portfolio: 143 companies, $1.7B fair value, 93.8% floating rate debt; only 0.3% on non-accrual at fair value.
Available liquidity $306.8M; Fitch reaffirmed investment-grade rating.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BlackRock TCP Capital Corp. reported first quarter ended March 31, 2023 results: revenue total investment income of approximately $50.3 million, net income $25.4 million, EPS $0.44 per share.

Period: first quarter ended March 31, 2023
Revenue: total investment income of approximately $50.3 million
Net income: $25.4 million
EPS: $0.44 per share
Result: reported results

Exact text from the filing

$12.93 per share, respectively, as of December 31, 2022. CONSOLIDATED RESULTS OF OPERATIONS Total investment income for the three months ended March 31, 2023 was approximately $50.3 million, or $0.87 per share. Investment income for the three months ended March 31, 2023 included $0.01 per share from prepayment premiums and related accelerated original issue discount

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Source: SEC EDGAR

accession 0000950170-23-017485

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