BlackRock TCP Capital Corp Announces $0.17 Dividend Following Major Asset Sale
BlackRock TCP Capital Corp (TCPC) has declared a quarterly dividend of $0.17 per share. The company is currently maintaining a cash position of approximately $253 million as it undergoes a strategic review process. During the third quarter, the firm completed a significant transaction involving the sale of roughly $524 million in investments to a continuation vehicle sponsored by Pantheon. This move was part of a broader restructuring where the continuation vehicle also assumed $405 million in related assets, providing liquidity and repositioning the company's balance sheet.
Tickers: $TCPC
Topics: continuation vehicle investment sale quarterly results