BlackRock TCP Capital Q2 net asset value per share declines to $8.71

BlackRock TCP Capital

07/08/2025 13:23

Corrects Key Detail table to show $0.32 was Net Investment Income Per Share, not EPS

Overview

BlackRock TCP Capital 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 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/Miss
Actual
Consensus Estimate
Q2 Net Investment Income Per Share
$0.32
Q2 Basic EPS
-$0.19
Q2 Net Asset Value Per Share
$8.71
Q2 Operating Expenses
$23.90 mln


Press Release: ID:nBw2fjBNNa

(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.)