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Sep 30, 2023
BlackRock TCP Q3 2023 Earnings Report
BlackRock TCP Capital Corp. announced its third quarter financial results, featuring net investment income of $0.49 per share and declared a fourth quarter dividend of $0.34 per share along with a special dividend of $0.25 per share.
Key Takeaways
BlackRock TCP Capital Corp. reported a strong quarter with net investment income of $28.3 million, or $0.49 per share. The company's investment portfolio consisted of debt and equity positions in 143 portfolio companies with a total fair value of approximately $1.6 billion.
Net investment income for the quarter was $28.3 million, or $0.49 per share.
Net asset value per share was $12.72 at September 30, 2023, compared to $12.94 at June 30, 2023.
Total acquisitions during the quarter were $92.4 million, and total dispositions were $125.6 million.
Board of directors declared a fourth quarter regular dividend of $0.34 per share and a special dividend of $0.25 per share.
Forward Guidance
The transaction is subject to approval by our and BCIC’s stockholders, customary regulatory approvals and other closing conditions. Assuming these conditions are satisfied, the transaction is expected to close in the first calendar quarter of 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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