BlackRock TCP Capital Corp. reported solid quarterly results, driven by strong net investment income, sound credit quality, and a further reduction in overall cost of capital. The company's net investment income for the quarter ended September 30, 2021, was $18.7 million, or $0.32 per share.
Net investment income for the quarter ended September 30, 2021 was $18.7 million, or $0.32 per share on a diluted basis, which exceeded the dividend of $0.30 per share paid on September 30, 2021.
Net increase in net assets from operations for the quarter ended September 30, 2021 was $10.9 million, or $0.19 per share compared to $54.8 million, or $0.95 per share for the quarter ended June 30, 2021.
Net asset value per share was $14.09 at September 30, 2021 compared to $14.21 at June 30, 2021.
Total acquisitions during the quarter ended September 30, 2021 were $156.9 million and total dispositions were $227.2 million.
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