Globenewswire·2026-02-18 18:12Core Viewpoint - A class action has been filed against BlackRock TCP Capital Corp. for allegedly misleading investors regarding its business prospects and financial disclosures [1][2]. Group 1: Allegations - The complaint alleges that during the class period, BlackRock TCP failed to disclose that its investments were not being timely or appropriately valued [2]. - It is claimed that the company's portfolio restructuring efforts were ineffective in resolving challenged credits or improving portfolio quality [2]. - The company’s unrealized losses were reportedly understated, leading to an overstated net asset value (NAV) [2]. - Positive statements made by the defendants about the company's business and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 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]. Group 3: Shareholder Actions - Shareholders may be eligible to participate in the class action and must file their papers with the court by April 6, 2026, if they wish to serve as lead plaintiff [4]. - Shareholders can choose to remain absent class members without participating in the case [4].