secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock TCP Capital Corp. (TCPC)
CIK:        0001370755
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000950170-24-092287
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370755/000095017024092287/0000950170-24-092287-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370755/000095017024092287/tcpc-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-092287

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