Overview

* BlackRock TCP Capital ( TCPC ) Q2 net investment income $0.32/share, exceeding dividends declared

* Net asset value per share declines to $8.71, driven by markdowns on restructured investments

* Debt investments on non-accrual status reduced to 3.7% of portfolio at fair value

Outlook

* Company focuses on optimizing outcomes for shareholders amid NAV decline

* BlackRock TCP Capital ( TCPC ) selectively deploying capital into attractive opportunities

* Company aims to return portfolio to historical performance levels

Result Drivers

* NON-ACCRUAL REDUCTION - Co reduced debt investments on non-accrual status to 3.7% of portfolio at fair value

* MARKDOWNS IMPACT - Net asset value per share declined due to markdowns on restructured investments

* LEVERAGE INCREASE - Net leverage rose to 1.28x due to timing of new investments and delayed repayments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.32

Q2 Basic -$0.19

EPS

Q2 Net $8.71

Asset

Value

Per

Share

Q2 $23.90

Operatin mln

g

Expenses

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)