{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-055828","form_type":"8-K","ticker":"BCIC","cik":"0001372807","company_name":"BCP Investment Corp","filed_at":"2025-03-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.459685+00:00","generated_at":"2026-05-24T13:24:26.842550+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Portman Ridge Q4 NII $0.60; NAV $19.41; Merges with Logan Ridge (1.5:1)","bullets":["Q4 NII $5.5M ($0.60/sh) vs $11.2M ($1.19) YoY; full-year NII $24.0M ($2.59) vs $34.8M ($3.66).","NAV $178.5M ($19.41/sh) at Dec 31, down from $188.0M ($20.36) Sep 30 and $213.5M ($22.76) Dec 31, 2023.","Merger with Logan Ridge (LRFC) at 1.5 PTMN shares per LRFC share; adviser waives up to $1.5M incentive fees for 8 quarters.","New dividend: $0.47 base + $0.07 supplemental quarterly, payable Mar 31; base sustainable across cycles.","Board authorized $10M stock repurchase program through Mar 2026; 202,357 shares repurchased in 2024 for ~$3.8M."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-055828","json":"https://secwatch.observer/filing/0001193125-25-055828.json","markdown":"https://secwatch.observer/filing/0001193125-25-055828.md","text":"https://secwatch.observer/filing/0001193125-25-055828.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1372807/000119312525055828/0001193125-25-055828-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1372807/000119312525055828/d887304d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T13:24:26.842550+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"}