BlackRock TCP Capital (US:TCPC) Globenewswire·2026-03-04 15:50Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against BlackRock TCP Capital Corp due to significant financial losses and alleged violations of federal securities laws [4][6]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses from BlackRock TCP between November 6, 2024, and January 23, 2026, to discuss their legal rights [1][4]. - A federal securities class action has been filed against BlackRock TCP, with a deadline of April 6, 2026, for investors to seek the role of lead plaintiff [4][10]. Group 2: Allegations Against BlackRock TCP - The complaint alleges that BlackRock TCP and its executives made false or misleading statements regarding the valuation of investments and the effectiveness of portfolio restructuring efforts [6]. - Specific allegations include that the company's unrealized losses were understated, leading to an overstatement of the company's net asset value (NAV) [6]. Group 3: Financial Performance and Stock Impact - On February 27, 2025, BlackRock TCP reported a significant weakening of its portfolio, with non-accrual status companies more than doubling and debt investments on non-accrual status increasing by 289% [7]. - 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 from the previous year [7]. - Following the financial disclosures, the stock price dropped by 9.64% to close at $8.44 per share on February 27, 2025 [7]. - On January 23, 2026, BlackRock TCP disclosed that its NAV per share was actually between $7.05 and $7.09, representing a 19% decrease from the previous quarter and a 23.4% decrease from the prior year [8]. - The stock price fell by 12.97% to close at $5.10 per share on January 26, 2026, following this announcement [9].