TMX Newsfile·2026-02-09 22:06Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against BlackRock TCP Capital Corp due to allegations of violations of federal securities laws, encouraging affected investors to discuss their legal options [2][4]. Group 1: Legal Investigation and Claims - The law firm is reminding investors of the April 6, 2026 deadline to seek the role of lead plaintiff in a federal securities class action against BlackRock TCP [2]. - The complaint alleges that BlackRock TCP and its executives made false or misleading statements regarding the valuation of investments and the quality of the portfolio, leading to understated unrealized losses and overstated net asset value (NAV) [4]. Group 2: Financial Performance and Market Reaction - On February 27, 2025, BlackRock TCP reported a significant weakening of its portfolio, with the number of portfolio companies on non-accrual status more than doubling, and debt investments on non-accrual status increasing by 289% from 3.7% to 14.4% of the portfolio [5]. - The company's NAV fell by 22.44% year over year to $9.23 per share, with total losses reaching $194.9 million, a 186% increase year over year, largely due to a $72.3 million net unrealized loss in the fourth quarter [5]. - Following the financial disclosures, BlackRock TCP's stock price dropped by $0.90, or 9.64%, to close at $8.44 per share on February 27, 2025 [5]. - On January 23, 2026, the company disclosed that its NAV per share was actually between $7.05 and $7.09, which was 19% lower than the previous quarter and 23.4% lower than the prior year [6]. - This announcement led to a further decline in stock price by $0.76, or 12.97%, closing at $5.10 per share on January 26, 2026 [6].