BlackRock TCP Capital Q4 adjusted NII $0.36/sh; NAV drops to $9.23; dividend cut; non-accruals rise

BlackRock TCP Capital Corp.

2024-FY EPS reported -$0.79

Q4 2024 adjusted NII $0.36/share; full-year adjusted NII $1.52/share.
NAV per share fell to $9.23 from $10.11 in prior quarter; net leverage 1.14x.
Non-accrual debt investments rose to 5.6% (fair value) from 3.8% prior quarter.
Regular dividend cut to $0.25/share from $0.34; special dividend $0.04/share declared.
Adviser voluntarily waived one-third of base management fee for first three quarters of 2025.

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