BlackRock TCP Capital Q1 NII $0.46/sh; NAV $11.14; declares $0.34 Q2 dividend

BlackRock TCP Capital Corp.

2024-Q1 EPS reported $0.08

Net investment income $28.3M ($0.46/sh) covered the $0.34 dividend; adjusted NII $27.7M ($0.45/sh).
NAV per share fell to $11.14 from $11.90 at Dec 31, 2023, down 6.4%.
Net increase in net assets from operations $5.1M ($0.08/sh); adjusted net decrease ($16.8M) ($0.27/sh) excluding merger discount impacts.
Merger with BCIC closed March 18; acquired ~$587M investments; non-accrual loans at 1.7% of portfolio (fair value).
Board declared Q2 dividend of $0.34/sh payable June 28, 2024 to holders of record June 14, 2024.

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