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Dec 31, 2020
BlackRock TCP Q4 2020 Earnings Report
Reported strong financial results for Q4 2020, including net investment income of $0.35 per share and declared a first quarter dividend of $0.30 per share.
Key Takeaways
BlackRock TCP Capital Corp. announced its Q4 and year-end 2020 financial results. The company's net investment income for the quarter was $20.0 million, or $0.35 per share, exceeding the dividend of $0.30 per share. Net asset value per share increased to $13.24. The company invested $182.5 million during the quarter and had total assets of $1.7 billion as of December 31, 2020.
Net investment income for Q4 2020 was $20.0 million, or $0.35 per share.
Net increase in net assets from operations for Q4 2020 was $48.0 million, or $0.83 per share.
Net asset value per share at December 31, 2020, was $13.24, a 4.2% increase from the previous quarter.
Total acquisitions during Q4 2020 were $182.5 million, and total dispositions were $212.9 million.
Forward Guidance
The company expects to continue to invest in senior secured loans, bonds and subordinated debt, as well as select equity investments, to obtain a high level of current income, with an emphasis on principal protection.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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