BlackRock TCP Capital Corp. announced it will report its financial results for the second quarter ended June 30, 2026, on Thursday, August 6, 2026, prior to the opening of the financial markets. The company will host a conference call at 12:00 p.m. Eastern Time (9:00 a.m. Pacific Time) the same day to discuss its performance.

Conference Call Details

Interested parties can participate in the conference call by dialing (833) 461-5787. International callers should dial (585) 542-9983. Participants must use the access code 917145064 to join the call.

Webcast and Replay

The conference call will be webcast live on the investor relations section of BlackRock TCP Capital Corp.’s website at https://investors.tcpcapital.com . An archived replay of the call will be available approximately two hours after the live call concludes. For the replay, visit https://investors.tcpcapital.com/events-and-presentations .

About BlackRock TCP Capital Corp.

BlackRock TCP Capital Corp. is a specialty finance company focused on direct lending to middle-market companies and small businesses. The company primarily lends to firms with established market positions, strong operations, and sustainable competitive advantages. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. BlackRock TCP Capital Corp. is a publicly traded business development company regulated under the Investment Company Act of 1940 and is externally managed by a wholly owned, indirect subsidiary of BlackRock, Inc.

Phil Tseng is departing as chief executive officer of BlackRock TCP Capital Corp during ongoing losses, significant asset markdowns, and federal scrutiny over valuation practices. Sources familiar with the matter revealed the departure to Bloomberg, though the exact timing and a successor remain unclear. The fund, a publicly traded business development company providing loans to middle-market and small businesses, has faced pressure from distressed loans and declining returns.

Total markdowns at the fund amounted to $35 million in the first quarter. In January, TCP Capital announced an estimated 19% decline in Net Asset Value (NAV), primarily tied to portfolio restructurings involving e-commerce stocks and the bankrupt Renovo Home Partners. Following this announcement, the company's shares dropped more than 14%.

Regulatory Scrutiny and Asset Adjustments

In May, BlackRock executives faced questioning from the Manhattan U.S. Attorney’s Office regarding an investigation into the fund's valuation practices following specific asset markdowns. Later that same month, BlackRock reduced the value of TCP Capital by approximately 5%. Despite this reduction, the company stated it executed "improving credit quality" during the quarter.

Strategic Context

BlackRock has been expanding its private credit capabilities, recently announcing plans to add analytics and research tools on Preqin to provide standardized intelligence across the market. Last year, the firm acquired HPS Investment Partners for approximately $12 billion, which included TCP Capital. This acquisition led to the creation of Private Financing Solutions (PFS), integrating the firms’ private credit, GP and LP solutions, and private and liquid CLO businesses into one platform.