BlackRock TCP NAV Falls on Markdowns and Realized Losses
BlackRock TCP Capital NAV fell 4.9 percent to 6.72 dollars in the first quarter. Markdowns and realized losses weighed on results while non-accruals improved.
Xurve View
Insights:
Xurve View
BlackRock TCP Capital Corp reported a 4.9% decline in net asset value to $6.72 per share in the first quarter, down from $7.07 at year-end. Portfolio markdowns of $35 million and realized losses from debt restructurings drove the decline. The earnings report also showed net investment income per share fell to 22 cents from 38 cents a year earlier.
