secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock TCP Capital Corp. (TCPC)
CIK:        0001370755
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0000950170-25-104595
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370755/000095017025104595/0000950170-25-104595-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370755/000095017025104595/tcpc-20250807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-104595

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