TCP Capital corrects Q4 earnings: net unrealized loss $72.3M, cuts regular dividend to $0.25

BlackRock TCP Capital Corp.

2024-FY EPS reported -$0.79

Corrected Q4 net unrealized loss $72.3M ($0.85/share); GAAP NII $33.8M ($0.40), adjusted NII $30.8M ($0.36).
NAV per share fell to $9.23 from $10.11; net leverage 1.14x; non-accruals rose to 5.6% at fair value (14.4% at cost).
Regular dividend cut to $0.25 from $0.34; special dividend $0.04 in Q1; intends $0.02 special Q2 and Q3 2025.
Adviser voluntarily waived one-third of base management fee for three quarters starting Jan 1, 2025.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.