---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-022656"
form_type: "8-K"
ticker: "TCPC"
cik: "0001370755"
company_name: "BlackRock TCP Capital Corp."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:25:35.850094+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BlackRock TCP Capital Q4 NII $0.44/share, NAV falls to $11.90; merger with BCIC on track

## Summary
- Q4 NII $25.3M ($0.44/diluted share) exceeded $0.34 dividend; 47 consecutive quarters of dividend coverage.
- NAV per share $11.90 (from $12.72 at Sep 30); net decrease in net assets from operations of $13.3M.
- Non-accrual loans 2.0% at fair value (3.7% cost); unrealized losses on Edmentum, Thras.io, Aventiv, Astra, and Nephron.
- Q1 dividend $0.34/share payable March 29, 2024 to holders of record March 14; $50M stock repurchase plan renewed.
- Merger with BCIC expected Q1 2024; post-merger advisor base fee to drop from 1.50% to 1.25% on assets ≤200% NAV.

## SEC filing metadata
- accession: 0000950170-24-022656
- form_type: 8-K
- ticker: TCPC
- cik: 0001370755
- company_name: BlackRock TCP Capital Corp.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370755/000095017024022656/0000950170-24-022656-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370755/000095017024022656/tcpc-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-022656
- JSON: https://secwatch.observer/filing/0000950170-24-022656.json
- Plain text: https://secwatch.observer/filing/0000950170-24-022656.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.