BlackRock TCP Capital reports Q1 EPS 36c, consensus 34c

Reports Q1 NAV per share $9.18. “We made meaningful progress in strengthening our portfolio in the first quarter, and we are pleased to see signs of portfolio stabilization. Investments on non-accrual loans declined to 4.4% from 5.6% of the portfolio at fair value this quarter, reflecting the exit of four non-accrual investments. Adjusted net investment income and net asset value were stable with last quarter’s levels at $0.36 per share and $9.18 per share, respectively,” said Phil Tseng, Chairman, Co-CIO, and CEO of BlackRock TCP Capital (TCPC) Corp.