TCP Capital Corp. Stock News

BlackRock TCP Capital Corp (NASDAQ:TCPC ) Q3 2024 Earnings Conference Call November 6, 2024 1:00 PM ET Company Participants Michaela Murray - Investor Relations Raj Vig - Chairman & Chief Executive Officer Phil Tseng - President Erik Cuellar - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Robert Dodd - Raymond James Paul Johnson - KBW Christopher Nolan - Laden...

SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ: TCPC), today announced its financial results for the third quarter ended September 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. FINANCIAL HIGHLIGHTS On a GAAP basis, net investment income for the quarter en...

SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (NASDAQ: TCPC) announced today that it will report its financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024, prior to the opening of the financial markets. BlackRock TCP Capital Corp. will also host a conference call at 1:00 p.m. Eastern Time (10:00 a.m. Pacific Time) on Wednesday, Nove...

The Fed's recent decision to cut the base rates by 50 basis points has created more problems for BDCs, especially for those with weaker portfolios. Lower base rates, inactive M&A markets and higher economic uncertainty are critical factors that for some BDCs might trigger dividend cuts. In the article I elaborate on two BDCs that are very close to cutting their dividends with a high probability...

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns issuer and senior unsecured debt ratings of BBB- to BlackRock TCP Capital Corp. (NASDAQ: TCPC or "the company"). The rating Outlook is Stable. Key Credit Considerations The ratings are supported by TCPC's ties to BlackRock, Inc.'s (NYSE: BLK) $86 billion credit platform, of which $35 billion is principally dedicated to private middle...

This is not the right time to take high risk in the BDC space. Yet, as it is often the case, a challenging environment creates opportunities. In this article, I elaborate on two BDCs which indeed have some risks, but not to the extent that is currently priced in by the market.

The BDC sector faces headwinds such as spread compression, potential Fed rate cuts, and increased corporate distress. Despite these challenges, BDC market indices like VanEck BDC Income ETF and Putnam BDC Income ETF show only minor corrections. Yet, the small, illiquid nature of the BDC sector means ETFs may not fully capture overall sector dynamics.

I will demonstrate how you could allocate the amount of $100,000 by following the current composition of The Dividend Income Accelerator Portfolio, effectively balancing dividend income and dividend growth. Potential benefits of its implementation are a reduced portfolio risk level, stable dividend income, strong potential for dividend growth and capital appreciation, and elevated chances of an...