TCP Capital

Blackrock TCP Capital Corp. is an externally managed, closed-end and non-diversified management investment company. The firm invests primarily in the debt of middle market companies as well as small businesses, including senior secured loans, junior loans, mezzanine debt and bonds. Its investment objective is to seek to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. The company was founded on April 2, 2012 and is headquartered in Santa Monica, CA.

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TCP Capital reports Q2 results, maintains dividend coverage amid challenges

TCP Capital (TCPC) navigated challenges in Q2 2024 with an 8.4% NAV decline and several portfolio companies moving to non-accrual status, while maintaining a disciplined approach to capital deployment and dividend coverage.
Despite net realized and unrealized losses, the company raised fixed rate unsecured debt, extended its credit facility, and highlighted increased investment activity and effective portfolio yield.
Looking ahead, TCP Capital aims to leverage its liquidity, sponsor support, and investment manager backing to capitalize on opportunities for growth and navigate market uncertainties.

TCPC reports strong Q3 earnings, faces challenges in investments

TCPC's Q3 performance showed solid earnings and dividend declarations, with a focus on managing non-accruals and optimizing outcomes.
The company's portfolio strength lies in meeting or exceeding expectations, high yields, and stable management commitment to shareholder returns.
Challenges include marked down positions, potential investment risks, and adapting to a declining rate environment.
Opportunities exist in available liquidity for investments, potential new licenses, adapting to market changes, and enhancing portfolio outcomes.

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BlackRock TCP (TCPC) Upgraded to Strong Buy: Here's Why

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BlackRock TCP Capital Corp. (NASDAQ:TCPC ) Q2 2023 Earnings Conference Call August 3, 2023 1:00 PM ET Company Participants Katie McGlynn – Investor Relations Raj Vig – Chairman and Chief Executive Officer Phil Tseng – President and Chief Operating Officer Erik Cuellar – Chief Financial Officer Conference Call Participants Christopher Nolan – Ladenburg Thalmann Robert Dodd – Raymond James Ryan Lynch – KBW Operator Ladies and gentlemen, good afternoon. Welcome, everyone, to BlackRock TCP Capital Corp.'s Second Quarter 2023 Earnings Conference Call.

BlackRock TCP Capital Corp. (TCPC) Q2 2023 Earnings Call Transcript

BlackRock TCP (TCPC) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.37 per share a year ago.

BlackRock TCP (TCPC) Tops Q2 Earnings and Revenue Estimates

SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ: TCPC), today announced its financial results for the second quarter ended June 30, 2023 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS Net investment income for the quarter ended June 30, 2023 was $27.6 million, or $0.48 per share on a diluted basis, which exceeded the dividend of $0.34 per share.

BlackRock TCP Capital Corp. Announces Second Quarter 2023 Financial Results Including Net Investment Income of $0.48 Per Share; Declares Third Quarter Dividend of $0.34 Per Share and a Special Dividend of $0.10 Per Share

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SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the second quarter ended June 30, 2023 on Thursday, August 3, 2023, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Thursday, August 3, 2023, to discuss its financial results. All interested parties are invited to participate in the confere.

BlackRock TCP Capital Corp. to Report Second Quarter 2023 Financial Results on August 3, 2023

BlackRock TCP Capital Corp (NASDAQ:TCPC ) Q1 2023 Results Conference Call May 4, 2023 1:00 PM ET Company Participants Katie McGlynn - Director of Investor Relations Raj Vig - Chairman & Chief Executive Officer Phil Tseng - President & Chief Operating Officer Erik Cuellar - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Christopher Nolan - Ladenburg Doman Ryan Lynch - KBW Kevin Fultz - JMP Securities Operator Welcome, everyone, to BlackRock TCP Capital Corp.'s First Quarter 2023 Earnings Conference Call. Today's conference call is being recorded for replay purposes.

BlackRock TCP Capital Corp (TCPC) Q1 2023 Earnings Call Transcript

BlackRock TCP (TCPC) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.34 per share a year ago.

BlackRock TCP (TCPC) Q1 Earnings and Revenues Top Estimates

SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ: TCPC), today announced its financial results for the first quarter ended March 31, 2023 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS Net investment income for the quarter ended March 31, 2023 was $25.4 million, or $0.44 per share on a diluted basis, which exceeded the dividend of $0.32 per share.

Blackrock TCP Capital Corp. Announces First Quarter 2023 Financial Results Including Net Investment Income of $0.44 Per Share; Increases Second Quarter 2023 Dividend by 6.3% to $0.34 Per Share; 11 Years of Consistent Quarterly Dividend Coverage

SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the first quarter ended March 31, 2023 on Thursday, May 4, 2023, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Thursday, May 4, 2023, to discuss its financial results.

BlackRock TCP Capital Corp. to Report First Quarter 2023 Financial Results on May 4, 2023

BlackRock TCP Capital Corp. (NASDAQ:TCPC ) Q4 2022 Earnings Conference Call February 28, 2023 1:00 PM ET Company Participants Katie McGlynn - Director of Investor Relations Raj Vig - Chairman & Chief Executive Officer Phil Tseng - President & Chief Operating Officer Erik Cuellar - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Kevin Fultz - JMP Securities Christopher Nolan - Ladenburg Thalmann Operator Ladies and gentlemen, good afternoon. Welcome, everyone, to BlackRock TCP Capital Corp.'s Fourth Quarter 2022 Earnings Conference Call.

BlackRock TCP Capital Corp. (TCPC) Q4 2022 Earnings Call Transcript

SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ: TCPC), today announced its financial results for the fourth quarter and year ended December 31, 2022 and filed its Form 10-K with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS Net investment income for the quarter ended December 31, 2022 was $23.0 million, or $0.

BlackRock TCP Capital Corp. Announces 2022 Financial Results Including Fourth Quarter Net Investment Income of $0.40 Per Share; Declares First Quarter 2023 Dividend of $0.32 Per Share; 43 Consecutive Quarters of Dividend Coverage

SANTA MONICA, Calif.--( BUSINESS WIRE )--BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the fourth quarter and fiscal year ended December 31, 2022 on Tuesday, February 28, 2023, prior to the opening of the financial markets.

BlackRock TCP Capital Corp. Schedules Earnings Release and Conference Call for the Fourth Quarter and Fiscal Year Ended December 31, 2022

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SANTA MONICA, Calif.--( BUSINESS WIRE )--BlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ: TCPC), today announced that its Board of Directors declared a special dividend of $0.05 per share, payable on January 12, 2023, to shareholders of record at the close of business on December 29, 2022. This special dividend represents a portion of the Company's estimated undistributed taxable earnings from net investment income. During 2022, the Company previously declared regular distributions totaling $1.22 per share, including an increase in the regular quarterly dividend to $0.32 per share beginning with the fourth quarter dividend payable on December 30, 2022.

BlackRock TCP Capital Corp. Announces Special Dividend of $0.05 Per Share

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BlackRock TCP Capital Corp. (NASDAQ:TCPC ) Q3 2022 Results Conference Call November 3, 2022 1:00 PM ET Company Participants Katie McGlynn - Director of Investor Relations Rajneesh Vig - Chairman and Chief Executive Officer Erik Cuellar - Chief Financial Officer Philip Tseng - President and Chief Operating Officer Conference Call Participants Kevin Fultz - JMP Securities Ryan Lynch - KBW Robert Dodd - Raymond James Christopher Nolan - Ladenburg Thalmann Operator Ladies and gentlemen, good afternoon. Welcome everyone to BlackRock TCP Capital Corp's Third Quarter 2022 Earnings Conference Call.

BlackRock TCP Capital Corp. (TCPC) Q3 2022 Earnings Call Transcript

News for TCP Capital ETF (TCPC)