Shortly after BackRock TCP reached a new 52 week price low – about which we wrote an article – a major shake-up of senior personnel has been announced, leading us to put pen to paper again.
BlackRock TCP Capital has reached – yet again – another 52 week low. We review the BDC’s fall from grace and what that has meant for investors over time.
The BDC Reporter tackles the thorny subject of BlackRock TCP’s weak performance over the last two and a half years and whether more of the same is in the cards in the years ahead.
One of the most interesting questions of the IQ 2024 BDC earnings season was how would BlackRock TCP Capital perform after several quarters of lower net book value but still high income.
BlackRock TCP Capital has acquired its sister BDC BlackRock Capital Investment and updated its net book value per share as of March 15, 2024. The news is not good.
BlackRock TCP Capital increases its regular distribution and may need to raise again shortly based on earnings expectations.
We annotate the BlackRock TCP Capital IIQ 2022 earnings call transcript, focused mostly on how the prospect of higher earnings might translate to changes in the BDC’s distribution policy.
