BlackRock TCP Capital (US:TCPC) Prnewswire·2026-03-05 13:37Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against BlackRock TCP Capital Corp due to alleged violations of federal securities laws, with a deadline for investors to seek lead plaintiff status set for April 6, 2026 [1][2] Group 1: Allegations Against BlackRock TCP - The complaint alleges that BlackRock TCP and its executives made false or misleading statements and failed to disclose critical information regarding the valuation of investments and portfolio restructuring efforts [1][2] - Specific allegations include that the company's investments were not timely or appropriately valued, leading to understated unrealized losses and overstated net asset value (NAV) [1][2] - The complaint claims that positive statements made by the defendants about the company's business and prospects were materially misleading [1][2] Group 2: Financial Performance and Impact - On February 27, 2025, BlackRock TCP reported a significant weakening of 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% [2] - 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 year over year [2] - Following the financial disclosures, the company's stock price dropped by 9.64% to close at $8.44 per share on February 27, 2025, and further declined by 12.97% to $5.10 per share on January 26, 2026, after revealing a NAV range of $7.05 to $7.09 [2]