BlackRock TCP Capital (US:TCPC) TMX Newsfile·2026-02-16 14:25Core 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 contact them for 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 Stock Impact - On February 27, 2025, BlackRock TCP reported significant weakening in 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%, resulting in a 22.44% year-over-year decline in NAV to $9.23 per share [5]. - Total losses for the fiscal year reached $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, the stock price fell by $0.90, or 9.64%, to close at $8.44 per share on February 27, 2025 [5]. - On January 23, 2026, BlackRock TCP 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 previous year, leading to a stock price drop of $0.76, or 12.97%, to close at $5.10 per share [6].