Business
CORRECTING and REPLACING BlackRock TCP Capital Corp. Announces 2024 Financial Results Including Fourth Quarter Net Investment Income of $0.40 Per Share; Declares First Quarter Dividend of $0.25 Per Share and a Special Dividend of $0.04 Per Share
SANTA MONICA, Calif., February 27, 2025--Consolidated Results of Operations section, third paragraph, third sentence, should read: Net unrealized losses for the three months ended December 31, 2024 were $72.3 million, or $0.85 per share (instead of Net unrealized gains for the three months ended December 31, 2024 were $72.3 million, or $0.85 per share).
About this update from Blackrock Tcp Capital Corp.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1500,"height":526,"url":"https://media.zenfs.com/en/business-wire.com/e27800bbf4b44760046dabb665b815d8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PUs3890tDHVGcvtO6c_rsg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMzNztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/e27800bbf4b44760046dabb665b815d8","width":960,"height":337},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/KYcx7eYie7QEfd1b2.Axsw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD04NDI7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/e27800bbf4b44760046dabb665b815d8","width":1200,"height":421}},"lazy":false},{"type":"text","content":"SANTA MONICA, Calif., February 27, 2025--(BUSINESS WIRE)--Consolidated Results of Operations section, third paragraph, third sentence, should read: Net unrealized losses for the three months ended December 31, 2024 were $72.3 million, or $0.85 per share (instead of Net unrealized gains for the three months ended December 31, 2024 were $72.3 million, or $0.85 per share).","length":372,"tagName":"p"},{"type":"text","content":"The updated release reads:","length":26,"tagName":"p"},{"type":"text","content":"BLACKROCK TCP CAPITAL CORP. ANNOUNCES 2024 FINANCIAL RESULTS INCLUDING FOURTH QUARTER NET INVESTMENT INCOME OF $0.40 PER SHARE; DECLARES FIRST QUARTER DIVIDEND OF $0.25 PER SHARE AND A SPECIAL DIVIDEND OF $0.04 PER SHARE","length":220,"tagName":"p"},{"type":"text","content":"BlackRock TCP Capital Corp. ("we," "us," "our," "TCPC" or the "Company"), a business development company (NASDAQ: TCPC), today announced its financial results for the fourth quarter and year ended December 31, 2024 and filed its Form 10-K with the U.S. Securities and Exchange Commission.","length":338,"tagName":"p"},{"type":"text","content":"FINANCIAL HIGHLIGHTS","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"On a GAAP basis, net investment income for the quarter ended December 31, 2024 was $33.8 million, or $0.40 per share on a diluted basis, which exceeded the regular dividend of $0.34 per share paid on December 31, 2024. Excluding amortization of purchase discount recorded in connection with the Merger(1), adjusted net investment income(1) ...