---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-210643"
form_type: "8-K"
ticker: "TCPC"
cik: "0001370755"
company_name: "BlackRock TCP Capital Corp."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:30:04.052545+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BlackRock TCP Capital Corp Q1 NII $0.22; NAV falls to $6.72; declares $0.17 dividend

## Summary
- GAAP net investment income $18.5M ($0.22/diluted share); adjusted NII $0.21/share.
- Net decrease in net assets from operations of $16.3M, or $0.19 loss per share.
- NAV per share $6.72, down 4.9% from $7.07 at Dec 31, 2025; $35M net portfolio markdowns.
- Non-accrual investments fell to 2.8% of portfolio at fair value; net leverage decreased to 1.29x.
- Declared Q2 dividend of $0.17/share, payable June 30, 2026 to holders of record June 16.

## SEC filing metadata
- accession: 0001193125-26-210643
- form_type: 8-K
- ticker: TCPC
- cik: 0001370755
- company_name: BlackRock TCP Capital Corp.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370755/000119312526210643/0001193125-26-210643-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370755/000119312526210643/tcpc-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-210643
- JSON: https://secwatch.observer/filing/0001193125-26-210643.json
- Plain text: https://secwatch.observer/filing/0001193125-26-210643.txt

## Source-grounded claims
- claim_id: bc688da34d3faf1a545aa93d133f59c2ef239b68
  claim: BlackRock TCP Capital Corp. reported first quarter ended March 31, 2026 results: net income net investment income for the quarter ended March 31, 2026 was $18.5 million, EPS $0.22 per share.
  evidence_excerpt: On a GAAP basis, net investment income for the quarter ended March 31, 2026 was $18.5 million, or $0.22 per share on a diluted basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370755/000119312526210643/0001193125-26-210643-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.