secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock TCP Capital Corp. (TCPC)
CIK:        0001370755
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001193125-26-079341
Event type: earnings
Sentiment:  negative
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BlackRock TCP Capital Q4 NII $0.26; NAV drops 19% to $7.07; dividend cut to $0.17
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- GAAP NII $22.1M ($0.26/sh); adjusted NII $0.25/sh; Q4 net decrease in net assets $118.3M (-$1.39/sh).
- NAV per share fell 19% to $7.07 from $8.71 at Sep 30, driven by six portfolio companies (two-thirds of decline).
- Board declared Q1 dividend of $0.17/sh, down from $0.25 prior; payable Mar 31, 2026 to holders of record Mar 17.
- Non-accrual investments increased to 4.0% of portfolio at fair value (9.7% at cost) from 3.5% in prior quarter.
- Advisor waived $1.8M in management fees for Q4; net regulatory leverage rose to 1.41x from 1.20x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370755/000119312526079341/0001193125-26-079341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370755/000119312526079341/tcpc-20260227.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-079341

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