Seeking Alpha
24 Oct 2026, 12:12 UTC · 2h ago
BlackRock TCP Capital: The Asset Sales Are Just Getting Started
Impact · against what's priced in
TCPC remains a sell as the reported asset sales and dividend sustainability are already factored into the deep discount to NAV. The primary risk is the potential for further NII declines and continued discounted liquidations to manage leverage.
- TCPC−0.70
No priced-in read yet
- In context
The company is selling assets at a discount to reduce leverage, and while the 16.5% dividend yield appears sustainable through 2027, net investment income is expected to decline before any recovery.
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