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
Portfolio Pulse from
BlackRock TCP Capital Corp. announced its 2024 financial results, reporting a fourth-quarter net investment income of $0.40 per share. The company declared a first-quarter dividend of $0.25 per share and a special dividend of $0.04 per share. However, it corrected its report to show net unrealized losses of $72.3 million for Q4 2024, instead of gains.
February 27, 2025 | 8:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
BlackRock TCP Capital Corp. reported Q4 2024 net investment income of $0.40 per share and declared dividends. However, it corrected its financials to show net unrealized losses of $72.3 million, impacting investor sentiment.
The correction from net unrealized gains to losses of $72.3 million is significant and likely to negatively impact investor sentiment and short-term stock price. The declared dividends may provide some support but are unlikely to offset the negative impact of the corrected losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100