Brief: Blackrock TCP Capital Corp. And Blackrock Capital Investment Corporation Announce Merger Agreement

BlackRock TCP Capital

06/09/2023 23:08

Sept 6 (Reuters) - BlackRock Capital Investment Corp
 BKCC.O :
    * BLACKROCK TCP CAPITAL CORP. AND BLACKROCK CAPITAL
INVESTMENT
CORPORATION ANNOUNCE MERGER AGREEMENT
    * BLACKROCK TCP CAPITAL CORP: BCIC WILL MERGE WITH AND INTO
A
WHOLLY OWNED, INDIRECT SUBSIDIARY OF TCPC
    * BLACKROCK TCP CAPITAL CORP - MERGER IS EXPECTED TO DRIVE
ACCRETION OF NET INVESTMENT INCOME OVER TIME
    * BLACKROCK TCP CAPITAL CORP - TCPC TO CONTINUE TO TRADE ON
NASDAQ
GLOBAL SELECT MARKET UNDER TICKER SYMBOL "TCPC" & SURVIVING
ENTITY WILL CONTINUE AS A UNIT OF TCPC
    * BLACKROCK TCP CAPITAL CORP - MERGER EXPECTED TO DRIVE
MEANINGFUL
OPERATING SYNERGIES VIA THE ELIMINATION OR REDUCTION OF
REDUNDANT EXPENSES
    * BLACKROCK TCP CAPITAL CORP - TRANSACTION EXPECTED TO CLOSE
IN Q1
2024
    * BLACKROCK TCP CAPITAL CORP - COMBINED CO WILL CONTINUE TO
BE
EXTERNALLY MANAGED BY ITS ADVISOR, A WHOLLY-OWNED, INDIRECT
SUBSIDIARY OF BLACKROCK, INC
    * BLACKROCK TCP CAPITAL: BCIC SHAREHOLDERS WILL RECEIVE
NEWLY
ISSUED SHARES OF TCPC COMMON STOCK BASED ON RATIO PER SHARE
DIVIDED BY TCPC NAV PER SHARE

Source text for Eikon:  ID:nBw9kNdW1a 
Further company coverage:  BKCC.O 

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