secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock TCP Capital Corp. (TCPC)
CIK:        0001370755
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0001140361-24-009252
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370755/000114036124009252/0001140361-24-009252-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370755/000114036124009252/ef20022253_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-009252

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