BlackRock TCP Capital (TCPC) - 2022 Q4 - Earnings Call Presentation

Financial Performance - Net investment income was $0.40 per share, exceeding the Q4 dividend of $0.32 per share[5] - A special dividend of $0.05 per share was declared, payable on January 12[23] - The weighted average yield of the debt portfolio is 12.7%[25] - Net regulatory leverage ratio of 0.96x, within the 2:1 regulatory leverage limitation[28] Portfolio Composition - Total portfolio fair value of $1.6 billion diversified across 136 portfolio companies[24] - 88% of the portfolio is invested in senior secured debt, with 75% in 1st lien[7] - 94% of the portfolio is floating rate[15] - Loans on non-accrual are limited to 2.0% of total investments at fair value[6] Capital Structure and Liquidity - Diverse leverage program totaling $1.2 billion, with 61% of outstanding leverage as unsecured[26, 27] - $286 million of available credit facility capacity[9]