DividendThe dividend likely faces another leg down.
Leverage And Portfolio ManagementRecent credit workouts have included debt-for-equity swaps, resulting in larger piles of NIP equity that make leveraging the book more challenging.
Non-Accrual InvestmentsIn addition to ~$66 million of non-accrual investments at fair value, TCPC has another ~$102 million of investments categorized as non-income-producing, or ~9% of the portfolio at FV.