BlackRock TCP Capital Corp. reported a net investment income of $0.42 per share for the second quarter ended June 30, 2024. The company's adjusted net investment income was $0.38 per share. The Board of Directors declared a third quarter dividend of $0.34 per share.
Net investment income for the quarter ended June 30, 2024 was $35.8 million, or $0.42 per share on a diluted basis.
Adjusted net investment income for the quarter ended June 30, 2024 was $32.1 million, or $0.38 per share on a diluted basis.
Net asset value per share was $10.20 at June 30, 2024.
Total acquisitions during the quarter ended June 30, 2024 were approximately $129.7 million and total investment dispositions were $185.0 million.
Looking to the second half of 2024, the company's capital position remains strong, and the pipeline of investment prospects is compelling. With expertise, experience, and resources of the BlackRock platform, the company is confident that it will continue to deliver attractive long-term returns to its shareholders.
Analyze how earnings announcements historically affect stock price performance