---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-066428"
form_type: "8-K"
ticker: "TCPC"
cik: "0001370755"
company_name: "BlackRock TCP Capital Corp."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:41:10.057180+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TCPC Q1 NII $0.38/sh beats dividend; non-accruals improve to 4.4%; declares $0.04 special

## Summary
- GAAP NII of $32.2M ($0.38/sh) exceeded combined regular ($0.25) and special ($0.04) dividends.
- Adjusted NII of $30.7M ($0.36/sh) excluding purchase discount amortization from BCIC merger.
- Net asset value per share $9.18, down from $9.23 at Dec 31, 2024.
- Non-accrual investments declined to 4.4% of portfolio at fair value from 5.6%.
- Q2 regular dividend $0.25/sh and special $0.04/sh payable June 30, 2025 to holders of record June 16.

## SEC filing metadata
- accession: 0000950170-25-066428
- form_type: 8-K
- ticker: TCPC
- cik: 0001370755
- company_name: BlackRock TCP Capital Corp.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370755/000095017025066428/0000950170-25-066428-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370755/000095017025066428/tcpc-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-066428
- JSON: https://secwatch.observer/filing/0000950170-25-066428.json
- Plain text: https://secwatch.observer/filing/0000950170-25-066428.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.