BlackRock Capital Investment Corporation (BKCC)

SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“TCPC”)(NASDAQ: TCPC) today announced the closing of the previously announced merger with BlackRock Capital Investment Corporation (“BCIC”)(NASDAQ:BKCC). The combined company will continue to trade on the Nasdaq Global Select Market under the ticker symbol “TCPC” and continue to be externally managed by its advisor, a wholly-owned, indirect subsidiary of BlackRock, Inc. Rajneesh Vig, Co-Head of US Private Capital (USPC) for Bla.

SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“TCPC”)(NASDAQ: TCPC) today announced the closing of the previously announced merger with BlackRock Capital Investment Corporation (“BCIC”)(NASDAQ:BKCC). The combined company will continue to trade on the Nasdaq Global Select Market under the ticker symbol “TCPC” and continue to be externally managed by its advisor, a wholly-owned, indirect subsidiary of BlackRock, Inc. Rajneesh Vig, Co-Head of US Private Capital (USPC) for Bla.

We take a look at the BDC sector through the second week of March. BDC returns were marginally positive, with some companies significantly dragging down the average weekly return. Q4 saw a significant rise in performance divergence across the sector - an indication of a heightened level of stress by borrowers.

SANTA MONICA, Calif.--(BUSINESS WIRE)--BlackRock TCP Capital Corp. (“TCPC”)(NASDAQ: TCPC) and BlackRock Capital Investment Corporation (“BCIC”)(NASDAQ: BKCC) announced today that the shareholders of each business development company (“BDC”) have voted to approve the necessary proposals related to the merger of TCPC and BCIC at each company's special meeting of shareholders held on March 7, 2024. Shareholders voted overwhelmingly in favor of the proposed transaction, as more than 90% of sharehol.

BlackRock Capital Investment Corporation (NASDAQ:BKCC ) Q4 2023 Earnings Call Transcript March 6, 2024 10:00 AM ET Company Participants Laurence D. Paredes - Corporate Secretary James Keenan - Chairman and Interim CEO Nik Singhal - President Chip Holladay - Interim CFO Conference Call Participants Finian O'Shea - Wells Fargo Securities Melissa Wedel - JPMorgan Operator Good morning.

NEW YORK--(BUSINESS WIRE)--BlackRock Capital Investment Corporation (NASDAQ:BKCC) (“BCIC” or the “Company,” “we,” “us” or “our”) announced today that its Board of Directors declared a quarterly dividend of $0.10 per share, payable in cash on March 29, 2024 to stockholders of record at the close of business on March 15, 2024. Stockholders that participate in the Company's dividend reinvestment plan will receive this dividend in cash and not in shares of the Company's common stock to facilitate t.

NEW YORK--(BUSINESS WIRE)--BlackRock Capital Investment Corporation (NASDAQ:BKCC) ("BlackRock Capital Investment" or the "Company") announced today that it will report earnings for the fourth quarter 2023 on Tuesday, March 5, 2024 after the close of the financial markets. BlackRock Capital Investment invites all interested persons to attend its webcast/teleconference at 10:00 a.m. (Eastern Time) on Wednesday, March 6, 2024 to discuss its fourth quarter 2023 financial results. The Company's four.

Buying a business development company (BDCs) is kinda, sorta like investing like a venture capitalist (VC).

BlackRock Capital's portfolio has improved in quality since I last covered the BDC in 2023, with a shift towards first lien positions and a decrease in nonaccrual loans. The merger between BlackRock Capital and BlackRock TCP Capital is expected to result in a better diversified portfolio and operational benefits. Currently, BlackRock Capital trades at a discount to net asset value, but the merger and improving portfolio quality could close this gap.

BlackRock Capital Investment Corporation announces merger with BlackRock TCP Capital Corp., resulting in lower management fees and potential for NII growth. The BDC remains focused on First-Lien debt and easily covers its dividend with NII, but suffers from an increase in non-accruals. The merger deal is expected to yield advantages, including an enhanced portfolio size and a more diversified investment portfolio.

BlackRock Capital Investment Corporation (NASDAQ:BKCC ) Q3 2023 Earnings Conference Call November 9, 2023 10:00 AM ET Company Participants Laurence Paredes - General Counsel and Corporate Secretary James Keenan - Chairman and Interim CEO Nik Singhal - President Chip Holladay - Interim Chief Financial Officer and Treasurer Jason Mehring - Managing Director and Investment Committee Conference Call Participants Melissa Wedel - JP Morgan Operator Good morning everyone. My name is Lynette, and I will be your conference facilitator today for the BlackRock Capital Investment Corporation Third Quarter 2023 Earnings Conference Call.

NEW YORK--(BUSINESS WIRE)--BlackRock Capital Investment Corporation (NASDAQ:BKCC) (“BCIC” or the “Company,” “we,” “us” or “our”) announced today that its Board of Directors declared a quarterly dividend of $0.10 per share, payable on January 8, 2024 to stockholders of record at the close of business on December 15, 2023. “We are pleased to report a continued increase in our NII this quarter which provided a healthy 131% coverage of our dividend. This marked the tenth successive quarter of incre.

BlackRock Capital Investment Corporation offers a high dividend yield of 12%, but it is likely a poor investment for most investors. BKCC invests in highly speculative debt securities and loans from troubled middle-market companies. The company has a history of poor performance, with a 77% decline in share price since inception and declining dividend distributions.

NEW YORK--(BUSINESS WIRE)--BlackRock Capital Investment Corporation (NASDAQ:BKCC) ("BlackRock Capital Investment" or the "Company") announced today that it will report earnings for the third quarter 2023 on Wednesday, November 8, 2023 after the close of the financial markets. BlackRock Capital Investment invites all interested persons to attend its webcast/teleconference at 10:00 a.m. (Eastern Time) on Thursday, November 9, 2023 to discuss its third quarter 2023 financial results. The Company's.

We take a look at the action in business development companies through the second week of September and highlight some of the key themes we are watching. BDC sector fell around 1% this week and remains close to its longer-term average valuation level. Q2 reporting period showed a strong total NAV return, decrease in non-accruals, and an increase in BDC net income.

BlackRock TCP (TCPC) signs a merger agreement with BlackRock Capital (BKCC). The combined company will have better access to capital.