secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock TCP Capital Corp. (TCPC)
CIK:        0001370755
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0000950170-25-028392
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370755/000095017025028392/0000950170-25-028392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370755/000095017025028392/tcpc-20250227.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-028392

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