Globenewswire·2026-03-03 18:55Core Viewpoint - A class action lawsuit has been filed against BlackRock TCP Capital Corp. for alleged securities fraud and unlawful business practices [2][4]. Group 1: Lawsuit Details - Investors are encouraged to contact Pomerantz LLP for participation in the class action, with a deadline to apply as Lead Plaintiff by April 6, 2026 [2][3]. - The lawsuit claims that BlackRock TCP and its officers may have engaged in fraudulent activities related to the company's financial disclosures [2]. Group 2: Financial Performance - On February 27, 2025, BlackRock TCP reported that the number of portfolio companies on non-accrual status had more than doubled, and its net asset value (NAV) fell over 22% year-over-year to $9.23 per share, leading to a 9.6% drop in stock price [4]. - On January 23, 2026, BlackRock TCP disclosed that its NAV per share was actually between $7.05 and $7.09, which is 19% lower than the previous quarter and 23.4% lower than the previous year, resulting in a nearly 13% decline in stock price [5].