BlackRock. Forward-Looking Statements This Presentation is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and this Presentation is not, and under no circumstances is it to be construed as, an offer to sell or a solicitation of an offer to purchase any securities in BKCC, TCPC or in any fund or other investment vehicle managed by BlackRock or any of its affiliates. BKCC and TCPC and their respective directors, certain of their respective executive officers and cert ...

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Yes. Hi Melissa. So the -- as we mentioned in the past, there are two chief sources of potential recovery on our remaining investment. One of them is a first-loss note held by Gordon Brothers Finance Company, which refers to the portfolio that it sold to Callodine, and the other is a profit participation note also in Callodine that the GBFC hold. This specific $0.5 million payment that we received was related to a payment from the profit participation note. And this note entitles GBFC to a share of the purc ...

(3) | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------|---------------------------------------------------------------------------------------------------------------|-----------------|-------------|-------|--------------------------------|-------|-------------------------|-------|-------------| | Level \n1 | Basis for Determining Fair Value \nQuoted prices in active markets for identical assets | Bank Debt \n$ | (1) \n— | $ | Other \nCorporate (2) Debt \n— | $ | Equity Securities ...

Financial Data and Key Metrics Changes - The net investment income (NII) increased by 9.5% sequentially compared to the prior quarter, driven by higher LIBOR and SOFR rates [30] - NII covered the $0.10 dividend by 122%, up from 112% in the previous quarter, marking the third consecutive quarter of full dividend coverage [34] - Gross investment income for the first quarter was $18.8 million, a 7% increase from the prior quarter and a 54% increase from the first quarter of 2022 [41] - The weighted average portfolio yield increased to 12.4%, up from 11.9% in the previous quarter [50][65] Business Line Data and Key Metrics Changes - Approximately 26% of investment dollars went into existing relationships, with new portfolio company investments primarily in first lien loans [38] - The company added eight new portfolio companies, increasing the total to 121, compared to 116 at the end of 2020 [35] - First lien investments now comprise 82% of the portfolio, a significant increase from 50% at the end of 2020 [51] Market Data and Key Metrics Changes - The company noted that while the US job market remains resilient, higher inflation and interest rates could lead to slower economic growth or contraction [36] - The portfolio had two non-accrual investments representing 2.7% of total fair value, down from 4.4% a year ago [42] Company Strategy and Development Direction - The strategy focuses on diversifying the portfolio to create NAV stability and predictable net investment income [13] - The company aims to maintain a lower risk profile by primarily investing in first lien loans, especially in light of potential recession risks [38] - The management emphasized the importance of being selective in investment opportunities while also leveraging existing portfolio companies for deployment [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the portfolio's resilience, noting no new non-accruals in the first quarter and proactive engagement with portfolio companies [46][52] - The company is well-positioned to withstand economic downturns due to the diversified nature of its portfolio and high-quality ownership support [36][40] - Management highlighted ongoing opportunities for investment despite a slow overall M&A market, indicating a steady flow of opportunities [27][39] Other Important Information - The company recorded total net unrealized gains of $0.3 million in the first quarter, alongside realized losses of $0.6 million from exiting non-core positions [58] - Total available liquidity for deployment and general operating use was approximately $98 million [59] Q&A Session Summary Question: Update on share repurchase activity - Management stated that share repurchases remain a tool for delivering shareholder value, with assessments made quarterly, but variability is expected [5] Question: Current or forward-looking fixed charge coverage - Management indicated that interest coverage ratios are generally required to be strong, but have contracted due to rising rates, with median ratios now in the high ones or low twos [10][11] Question: Performance of remaining securities related to Gordon Brothers - Management confirmed ongoing performance assessments and potential for future recoveries, though timing remains uncertain [17] Question: Activity in new portfolio companies versus existing ones - Management noted that while diversification is a goal, they remain disciplined in maintaining tight lending standards [22][68]

For the quarterly period ended March 31, 2023 For the transition period from to Delaware 20-2725151 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) Titleofeachclass CommonStock,$0.001parvalue BLACKROCK CAPITAL INVESTMENT CORPORATION Table of Contents | --- | --- | |------------|--------------------------------------------------------------------------------------------------------------------------------------------| | | | | Item 1. | CONSOLIDATED FINANCIA ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to _________ Commission file number 814-00712 BLACKROCK CAPITAL INVESTMENT CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 20-2725151 ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 814-00712 BLACKROCK CAPITAL INVESTMENT CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 20-2725151 (S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission file number 814-00712 BLACKROCK CAPITAL INVESTMENT CORPORATION (Exact Name of Registrant as Specified in Its Charter) | --- | --- | --- | --- | - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 | --- | --- | |----------------------------------------------------------------|--------------------------------------| | | | | Delaware | 20-2725151 | | (State or Other Jurisdiction of Incorporation or Organization) | (I.R.S. Employer Identification No.) | FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PUR ...