Core Viewpoint - A class action has been filed against BlackRock TCP Capital Corp. for allegedly misleading investors regarding its business prospects and financial performance [1][2]. Allegations - The complaint alleges that during the class period, BlackRock TCP failed to disclose several critical issues: - The company's investments were not being timely and/or appropriately valued [2] - Efforts at portfolio restructuring were ineffective in resolving challenged credits or improving portfolio quality [2] - Unrealized losses were understated, leading to an overstated net asset value (NAV) [2] - Positive statements made by the company regarding its business and prospects were materially misleading [2] Financial Disclosure - On January 23, 2026, BlackRock TCP disclosed that its NAV per share as of December 31, 2025, was in the range of $7.05 to $7.09, which is 19% less than the previous quarter and 23.4% less than the previous year [3] - Following this disclosure, the stock price fell by $0.76, or 12.97%, closing at $5.10 per share on January 26, 2026 [3] Class Action Participation - Shareholders may be eligible to participate in the class action against BlackRock TCP, with a deadline to file as lead plaintiff by April 6, 2026 [4]
TCPC Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the BlackRock TCP Capital Corp. Class Action