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:  0001133228-25-001616
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370755/000113322825001616/0001133228-25-001616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370755/000113322825001616/brtc-efp14829_8k.htm
  HTML page:      https://secwatch.observer/filing/0001133228-25-001616

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