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Mar 31, 2024
BlackRock TCP Q1 2024 Earnings Report
BlackRock TCP Capital Corp. announced financial results for the first quarter ended March 31, 2024.
Key Takeaways
BlackRock TCP Capital Corp. reported a net investment income of $28.3 million, or $0.46 per share, for the quarter ended March 31, 2024. The company completed its acquisition of BlackRock Capital Investment Corporation on March 18, 2024. Total acquisitions during the quarter were approximately $607.0 million, including $587.0 million of investments acquired as a result of the Merger.
Net investment income for the quarter ended March 31, 2024 was $28.3 million, or $0.46 per share on a diluted basis.
Adjusted net investment income for the quarter ended March 31, 2024 was $27.7 million, or $0.45 per share on a diluted basis, excluding amortization of purchase discount recorded in connection with the Merger.
Net asset value per share was $11.14 at March 31, 2024, compared to $11.90 at December 31, 2023.
Total acquisitions during the quarter ended March 31, 2024 were approximately $607.0 million, including $587.0 million of investments acquired as a result of the Merger.
Forward Guidance
BlackRock TCP Capital Corp. Board of Directors declared a second quarter dividend of $0.34 per share, payable on June 28, 2024, to stockholders of record as of June 14, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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