BlackRock TCP Capital Corp. Announces Second Quarter 2026 Financial Results and $523 Million Portfolio Sale
BlackRock TCP Capital reported Q2 net investment income of $0.22 per share, covering its $0.17 dividend, while net asset value per share dipped to $6.58 from $6.72 in the prior quarter. The company entered into a definitive agreement to sell 95% of a $523 million portfolio vehicle to Pantheon, a move expected to reduce net leverage from 1.38x to approximately 0.4x pro forma but will result in a 10.4% decline in NAV.
Key figures
- Eps
- 0.22
- Revenue
- 18100000
- Guidance
- Q3 dividend $0.17 per share
- Deal Value Usd
- 523000000
- Nav per share
- 6.58
- Dividend declared
- 0.17
- Nav decline percent
- 10.4%
- Repurchase cost ytd
- 2871849
- Net leverage current
- 1.38x
- Net investment income
- $18.1 million
- Net leverage pro forma
- 0.4x
- Shares repurchased ytd
- 661803
AI analysis
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