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.)
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