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Net Investment Income (NII): $25.3 million, or $0.44 per share, surpassing the dividend payout.
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Net Asset Value (NAV): Decreased to $11.90 per share from $12.72 in the previous quarter.
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Dividend: Declared a consistent dividend of $0.34 per share for the first quarter of 2024.
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Portfolio: Total fair value of approximately $1.6 billion, with loans on non-accrual status representing 2.0% at fair value.
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Liquidity: Available liquidity of approximately $359.0 million, including cash and available capacity under leverage program.
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Merger Update: Merger with BlackRock Capital Investment Corporation anticipated to close in Q1 2024.
On February 29, 2024, BlackRock TCP Capital Corp (NASDAQ:TCPC) released its 8-K filing, announcing its financial results for the fourth quarter and year ended December 31, 2023. The company, a specialty finance firm focusing on middle-market lending, reported a net…
