{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-26-002240","form_type":"8-K","ticker":"TCPC","cik":"0001370755","company_name":"BlackRock TCP Capital Corp.","filed_at":"2026-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.930489+00:00","generated_at":"2026-05-16T08:22:16.075964+00:00","sec_items":["8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"TCPC prelim Q4 NAV down ~19% to $7.05-$7.09; cites issuer-specific declines","bullets":["Preliminary NAV per share $7.05-$7.09, down ~19% from $8.71 at Sept 30, 2025.","Net investment income per share $0.24-$0.26 (incl ~10.9% PIK income); advisor waived 1/3 base fee.","Non-accrual debt investments at 4.0% of portfolio fair value (up from 3.5%); 9.6% at cost (up from 7.0%).","Net regulatory leverage rose to 1.45x from 1.20x; total debt-to-equity 1.74x; expects to reduce leverage.","Top NAV detractors: Edmentum, Razor, SellerX, HomeRenew/Renovo, Hylan, InMobi (67% of decline, ~$1.11/sh)."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-26-002240","json":"https://secwatch.observer/filing/0001140361-26-002240.json","markdown":"https://secwatch.observer/filing/0001140361-26-002240.md","text":"https://secwatch.observer/filing/0001140361-26-002240.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126002240/0001140361-26-002240-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1370755/000114036126002240/ef20063739_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T08:22:16.075964+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}