BlackRock TCP Capital Q2 NII $0.42/share; NAV falls to $10.20; declares $0.34 dividend

BlackRock TCP Capital Corp.

2024-Q2 EPS reported -$0.63

GAAP NII $0.42 per share; adjusted NII $0.38 per share; dividend coverage 112% (0.34 dividend).
Net asset value per share dropped to $10.20 from $11.14 at March 31, 2024.
Net decrease in net assets from operations of $51.3M ($0.60 per share) vs prior quarter increase.
Non-accrual debt investments at 4.9% of portfolio fair value; $325M 6.95% notes issued due 2029.
Third quarter dividend $0.34 per share payable Sept 30; 49th consecutive quarter of dividend coverage.

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