TCPC supplements merger proxy with NAV, dividend projections; meeting March 7

BlackRock TCP Capital Corp.

Two stockholder demand letters alleged misleading statements in merger proxy; BCIC supplements disclosures without admitting merit.
BCIC Special Committee formed to evaluate strategic alternatives; members receive per-meeting compensation.
Estimated TCPC NAV per share of $13.60 and BCIC NAV of $4.54 as of Dec 31, 2026, used in KBW's dividend discount analysis.
Estimated quarterly dividends: TCPC $0.34/share, BCIC $0.10/share through 2026; discount rates for TCPC 9.6-11.6% and BCIC 10.6-12.6%.
TCPC Board unanimously recommends shareholders vote 'For' merger; special meeting to be held virtually on March 7, 2024.

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