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Mar 31, 2022
BlackRock TCP Q1 2022 Earnings Report
BlackRock TCP Capital Corp.'s financial results for Q1 2022 were announced, featuring a net investment income of $0.34 per share, which exceeded the dividend of $0.30 per share, and the declaration of a second-quarter dividend of $0.30 per share.
Key Takeaways
BlackRock TCP Capital Corp. reported a net investment income of $0.34 per share for the first quarter ended March 31, 2022, exceeding the dividend of $0.30 per share. The company's board declared a second quarter dividend of $0.30 per share.
Net investment income for Q1 2022 was $19.8 million, or $0.34 per share, exceeding the dividend of $0.30 per share.
Net increase in net assets from operations for Q1 2022 was $12.4 million, or $0.22 per share.
Net asset value per share was $14.27 at March 31, 2022, compared to $14.36 at December 31, 2021.
Total acquisitions during Q1 2022 were $112.4 million, and total dispositions were $153.4 million.
Forward Guidance
BlackRock TCP Capital Corp. is well-positioned for rising interest rates, as 95% of its debt investments are floating rate, and the company is confident in its ability to generate strong ongoing risk-adjusted returns for its shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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