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Add as a preferred source on GoogleBlackRock TCP Capital Posts $0.80 Q3 Loss as Investment Income Falls
Total investment income was $28.48 million, down 43.6% year over year. Net investment income reached $13.4 million.
BlackRock TCP Capital Corp. posted a $0.80-per-share GAAP loss in the third quarter as investment income declined 43.6% from a year earlier to $28.48 million.
Net investment income totaled $13.4 million, or $0.16 per diluted share. Adjusted net investment income was $12.5 million, or $0.15 per diluted share.
The $0.16 figure was net investment income per diluted share, not GAAP earnings per share. The company’s GAAP result for the quarter was a loss of $0.80 per share.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.