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BlackRock TCP Capital Corp (TCPC)

BDC - Debt Focused BDC

Data as of Oct. 9, 2024
Current
Market Price $8.18 (+ $0.11)
NAV (June 30, 2024) $10.20 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -19.80% (+1.08%)
Fund Info
Inception April 4, 2012
Sponsor BlackRock Advisors
Website www.tcpcapital.com/
Phone (310) 566-1094
Location California
Incorporated Delaware
Staggered Board No
Term Date N/A
Objective: Current income and capital appreciation; senior debt instruments
Related Indexes
Debt-Focused Business Development Company (BDC) Index
High Income Index
60/40 Balanced (w/ BDCs) Index
Taxable Bond & BDC Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 85,591,134
Total Assets (Reported: June 30, 2024) $2,218M
Estimated Total Assets $2,177M
Net Assets $873M
Market Cap $700M
Portfolio Turnover 16.20%
Debt-to-Equity 1.3502
Total Leverage 59.89%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 18.30%
Non Lev Exp Ratio 8.19%
Gross Asset Expense Ratio 6.44%
Gross Asset Non Lev Exp Ratio 2.88%
Rel Lev Cost 5.94%
Discount Data
Average Discount (3 Yr) -7.76%
Discount Low(3 Yr) -24.92%
Discount High(3 Yr) 8.04%
Discount Rel Range (3 Yr) 15.53%
Comp Discount -14.87
Discount St Dev (1Yr) 6.84
Z-Stat
Z-Stat (6mo) -1.70
Z-Stat (1Yr) -1.83
Z-Stat (3Yr) -1.69
Comp Z-Stat (6mo) -1.26
Comp Z-Stat (3Yr) -1.75
Distribution Data
Market Yield 16.63%
Income Yield 16.63%
Lev Adj NAV Yield 8.34%
Av Yield on Debt Investments 13.70
Distribution Frequency Q
Current Distribution $0.340
Current Income $0.340
Ex-Date 9/16/24
Payable Date 9/30/24
Div Growth (3yr) 13.33%
Dividend Change 6.3% on 5/4/23
Expected Div 11/5/24
RoC (1yr) 0.00%
RoC (3yr) 1.37%
Tax Dividend Data 2023 2021 - 2023
Income 100% 93.5%
ST Gains 0% 0%
QDI 0.1% 1.4%
LT Gains 0% 0%
RoC 0% 6.5%
Volume & Liquidity
Average Daily $ (K) $4,792
Avg Volume 30 day 731,321
Avg Volume 90 day 585,833
Volume Trend 24.83%
Comp Volume Trend 21.15%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
24.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
41.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
74.0%
Most Correlated Peer (Mk Pr): FSK 66.0%
Price St Dev (1Yr) 22.8%
NAV St Dev (1Yr) 12.4%
Earnings
Earnings / Share (6/30/24) $0.419
Adj Core NII Coverage 110.41%
1 Yr Avg NII Coverage 123.25%
1 Yr Avg Adj Core NII Coverage 119.62%
NII Trend -19.27%
Adj Core NII Trend -24.61%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.77
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.79
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
1.07
Portfolio Data
Avg Libor Floor % 1.07%
% Loans with Libor Floor 90%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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