---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-031395"
form_type: "8-K"
ticker: "TCPC"
cik: "0001370755"
company_name: "BlackRock TCP Capital Corp."
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T16:56:10.724151+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

# BlackRock TCP Capital shareholders vote down proposal to sell shares below NAV

## Summary
- Proposal to renew authorization to sell common stock below NAV failed with 22.4M For, 4.5M Against, 678k Abstain.
- Adjusted vote excludes 302k affiliated shares; result remains insufficient for passage.
- Authorization would have allowed below-NAV offerings for up to 12 months subject to board approval.
- Outcome limits TCPC's equity capital-raising flexibility without further stockholder vote.

## SEC filing metadata
- accession: 0001140361-23-031395
- form_type: 8-K
- ticker: TCPC
- cik: 0001370755
- company_name: BlackRock TCP Capital Corp.
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370755/000114036123031395/0001140361-23-031395-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370755/000114036123031395/brhc20054924_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-031395
- JSON: https://secwatch.observer/filing/0001140361-23-031395.json
- Plain text: https://secwatch.observer/filing/0001140361-23-031395.txt

## Key facts
- Shareholder Votes
  BlackRock TCP Capital Corp. shareholders rejected Renew authorization to sell shares below net asset value at the 2023-06-23 meeting.
  - Outcome: failed
  - Meeting: 2023-06-23
  source text: the proposal to renew the Company’s authorization, with approval of its Board of Directors, to sell shares of the Company’s common stock at a price or prices below its then current net asset value per share in one or more offerings (for up to the next 12 months), subject to certain limitations set forth in the annual proxy statement (the “Proposal”). As set forth below, an insufficient number of affirmative votes was received with respect to the Proposal and it did not pass: For Against Abstained Broker Non-Votes 22,413,869 4,517,457 678,393 0
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370755/000114036123031395/0001140361-23-031395-index.htm

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