Robbins LLP Urges TCPC Investors With Larges Losses in BlackRock TCP Capital Corp. to Contact the Firm for Information About the Class Action Lawsuit

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who suffered significant losses in BlackRock TCP Capital Corp. (TCPC) due to alleged misleading statements regarding the company's business prospects and financial health [1]. Group 1: Allegations Against BlackRock TCP - The lawsuit claims that BlackRock TCP failed to disclose that its investments were not being valued appropriately, leading to understated unrealized losses and overstated net asset value (NAV) [1]. - It is alleged that the company's portfolio restructuring efforts were ineffective in resolving credit challenges or improving portfolio quality [1]. - The misleading statements made by the defendants regarding the company's operations and prospects lacked a reasonable basis, impacting investor decisions [1]. Group 2: Financial Disclosure and Market Reaction - On January 23, 2026, BlackRock TCP revealed that its NAV per share as of December 31, 2025, was between $7.05 and $7.09, which is 19% lower than the previous quarter and 23.4% lower than the previous year [1]. - Following this disclosure, BlackRock TCP's stock price dropped by $0.76, or 12.97%, closing at $5.10 per share on January 26, 2026 [1]. Group 3: Shareholder Actions - Shareholders interested in participating in the class action must file their papers with the court by April 6, 2026, to serve as lead plaintiff [1]. - Shareholders can choose to remain absent from the case while still being eligible for recovery [1]. - All legal representation is on a contingency fee basis, meaning shareholders incur no fees or expenses unless there is a recovery [1].