BlackRock TCP Capital Corp (NASDAQ:TCPC) Q1 2022 Earnings Conference Call May 4, 2022 1:00 PM ET Company Participants Katie McGlynn - Director of Investor Relations Raj Vig - Chairman & Chief Executive Officer Phil Tseng - President & Chief Operating Officer Erik Cuellar - Chief Financial Officer Conference Call Participants Kevin Fultz - JMP Securities Robert Dodd - Raymond James Christopher Nolan - Landenburg Thalmann Ryan Lynch - KBW Derek Hewett - Bank of America Operator Ladies and gentlemen, good afte ...

CAPITAL CORP. BlackRock TCP Capital Corp. Investor Presentation March 31, 2022 BLACKROCK® Forward Looking Statements Prospective investors considering an investment in BlackRock TCP Capital Corp. ("we", "us", "our", "TCPC" or the "Company") should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies are availa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarter Ended March 31, 2022 (Exact Name of Registrant as Specified in Charter) ______________________ Delaware 56-2594706 (State or Other Jurisdiction of Incorporation) (IRS Employer Identification No.) 2951 28th Street, Suite 1000 Santa Monica, California 90405 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities ...

CAPITAL CORP. BlackRock TCP Capital Corp. Investor Presentation December 31, 2021 BLACKROCK® Forward Looking Statements Prospective investors considering an investment in BlackRock TCP Capital Corp. ("we", "us", "our", "TCPC" or the "Company") should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies are ava ...

Financial Data and Key Metrics Changes - The company reported a year-over-year NAV per share increase of 8.5%, with a 1.9% increase in Q4 alone, driven by realized and unrealized gains in portfolio holdings and net investment income exceeding dividends paid [8][12] - The return on equity (ROE) for the full year was 17.5%, the highest since the company went public in 2012, reflecting strong portfolio performance and a lower cost of capital [8][35] - Net investment income for Q4 was $0.31 per share, exceeding the declared dividend of $0.30 per share, and for the full year, net investment income was $1.26 per share, out-earning dividends by $0.06 [25][26] Business Line Data and Key Metrics Changes - Investment activity increased by 65% year-over-year, with Q4 capital deployment exceeding $180 million, resulting in net portfolio growth of $67 million [10][11] - The effective yield on the debt portfolio was 9.2% as of December 31, with new portfolio companies having a similar weighted average effective yield [22] Market Data and Key Metrics Changes - The company noted that private capital markets performed well during the pandemic, with direct lending emerging as a strong source of financing for middle market companies [6][7] - Non-accruals were limited to just 0.9% of the portfolio at fair value, maintaining a strong credit quality throughout the pandemic [9][29] Company Strategy and Development Direction - The company aims to leverage its competitive advantages, including over two decades of experience in lending to middle market companies, to navigate the current investment environment [34][35] - The focus remains on maintaining a disciplined approach to investing, emphasizing seniority in the capital structure and portfolio diversity [16][23] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the investment environment, despite increased volatility in public markets and concerns around inflation and supply chain disruptions [34] - The company is well-positioned for rising interest rates, with 95% of its debt portfolio being floating rate [22][34] Other Important Information - The company has maintained continuous dividend coverage since going public in 2012, with a first quarter 2022 dividend of $0.30 per share declared [12][13] - The total liquidity at the end of the quarter was $352 million, with a diverse and flexible leverage program in place [30][31] Q&A Session Summary Question: Opportunities to lower financing costs - Management indicated they are monitoring the capital markets for opportunities to lower financing costs, particularly with upcoming convertible notes maturing [40][41][43] Question: Prepaid income levels - Management noted that lower prepaid income is not due to structural changes but reflects a longer duration of investments in known companies, which is seen as a positive [49][50][51] Question: Rate increase timing differences - Management confirmed there would be a small timing lag for revenue increases compared to interest expense rises, as most loans reset quarterly or monthly [59][60] Question: Stock price performance - Management acknowledged the stock price lagging despite strong performance and expressed a commitment to maintaining portfolio selection and investment performance [61][63] Question: Inflation concerns - Management indicated that while inflation is a concern, the portfolio is primarily in services and technology sectors, which are less exposed to input cost pressures [67][69]

☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 For the Year Ended December 31, 2021 FORM 10-K ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 814-00899 ______________________ (State or Other Jurisdiction of Incorporation) (IRS Employer Identification No.) Indicate by check mark if the registrant is a well-known seasoned issuer, as de ...

BlackRock TCP Capital Corp. (NASDAQ:TCPC) Q3 2021 Earnings Conference Call November 3, 2021 1:00 PM ET Company Participants Katie McGlynn - Director IR Raj Vig - Chairman & CEO Phil Tseng - COO Erik Cuellar - CFO Conference Call Participants Kevin Fultz - JMP Securities Ryan Lynch - KBW Robert Dodd - Raymond James Christopher Nolan - Ladenburg Thalmann Operator Ladies and gentlemen, good afternoon. Welcome everyone to the BlackRock TCP Capital Corporation's Third Quarter 2021 Earnings Conference Call. Today ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarter Ended September 30, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 814-00899 BLACKROCK TCP CAPITAL CORP. (Exact Name of Registrant as Specified in Charter) Delaware 56-2594706 (State or Other Jurisdiction of Incorporation) (IRS Employer Identification N ...

CAPITAL CORP. BlackRock TCP Capital Corp. Investor Presentation June 30, 2021 BLACKROCK® Forward Looking Statements Prospective investors considering an investment in BlackRock TCP Capital Corp. ("we", "us", "our", "TCPC" or the "Company") should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company's filings with the Securities and Exchange Commission ("SEC"). Copies are availab ...

BlackRock TCP Capital Corp. (NASDAQ:TCPC) Q2 2021 Earnings Conference Call August 2, 2021 1:00 PM ET Company Participants Howard Levkowitz - Chairman and CEO Katie McGlynn - Investor Relations Rajneesh Vig - President and Chief Operating Officer Erik Cuellar - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Finian O'Shea - Wells Fargo Ryan Lynch - KBW Devin Ryan - JMP Securities Christopher Nolan - Ladenburg Thalmann Derek Hewett - Bank of America Operator Ladies and gentlem ...