---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-104595"
form_type: "8-K"
ticker: "TCPC"
cik: "0001370755"
company_name: "BlackRock TCP Capital Corp."
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:16:22.907588+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BlackRock TCP Capital Q2 NII $0.32/diluted share; NAV down to $8.71; declares $0.25 regular + $0.04 special dividend

## Summary
- GAAP NII $27.6M ($0.32/diluted) exceeding regular dividend; adjusted NII $26.3M ($0.31/diluted).
- NAV per share fell to $8.71 from $9.18 at March 31, driven by markdowns on restructured investments.
- Non-accrual investments improved to 3.7% of portfolio fair value from 4.4% prior quarter.
- Net leverage rose to 1.28x from 1.13x due to timing of investments and NAV decline.
- Board declared Q3 regular $0.25/shr and special $0.04/shr dividends payable Sep 30, 2025.

## SEC filing metadata
- accession: 0000950170-25-104595
- form_type: 8-K
- ticker: TCPC
- cik: 0001370755
- company_name: BlackRock TCP Capital Corp.
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370755/000095017025104595/0000950170-25-104595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370755/000095017025104595/tcpc-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-104595
- JSON: https://secwatch.observer/filing/0000950170-25-104595.json
- Plain text: https://secwatch.observer/filing/0000950170-25-104595.txt

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