BlackRock TCP Capital completes BCIC merger; exchange ratio 0.3834 per share

BlackRock TCP Capital Corp.

Merger closed effective March 18, 2024; BCIC merged into a subsidiary of TCPC.
Exchange ratio 0.3834 based on TCPC NAV of $10.95/sh and BCIC NAV of $4.20/sh as of March 15, 2024.
NAV change from Dec 31 to March 15 primarily due to further markdowns on Edmentum, Aventiv, Razor, Thras.io, and Astra.
Adjusted NAV per share of TCPC as of March 15 may differ from reported NAVs at quarter ends.

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