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August 27, 2015 10:42 PM ET

Capital Markets

Company Overview of TCP Capital Corp.

Company Overview

TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It seeks to invest in the United States. The fund typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million. It prefers to make equity investments in companies for an ownership stake.

2951 28th Street

1st Floor

Suite 1000

Santa Monica, CA 90405

United States

Founded in 2012

Phone:

310-566-1000

Fax:

310-899-4950

Key Executives for TCP Capital Corp.

Chairman of The Board and Chief Executive Officer
Age: 49
President, Chief Operating Officer, and Director
Age: 44
Chief Financial Officer
Age: 42
Managing Director
Age: 44
Chief Compliance Officer and Secretary
Age: 52
Compensation as of Fiscal Year 2015.

TCP Capital Corp. Key Developments

TCP Capital Corp. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015

TCP Capital Corp. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total investment income of $38,937,820 against $24,587,300 a year ago. Net investment income was $27,269,335 against $18,426,208 a year ago. Net realized loss was $9,343,211 against net realized gain of $933,746 a year ago. Net realized and unrealized loss was $2,214,992 against $3,011,938 a year ago. Net increase in net assets applicable to common shareholders resulting from operations was $20,995,549 against $12,045,768 a year ago. Basic and diluted earnings per common share were $0.43 against $0.33 a year ago. For the six months, the company reported total investment income of $71,753,173 against $47,255,945 a year ago. Net investment income was $50,209,816 against $36,216,865 a year ago. Net realized loss was $9,429,516 against $5,861,600 a year ago. Net realized and unrealized loss was $1,779,437 against gain of $2,168,080 a year ago. Net increase in net assets applicable to common shareholders resulting from operations was $39,509,937 against $30,135,396 a year ago. Basic and diluted earnings per common share were $0.81 against $0.83 a year ago. Net asset value per share at June 30, 2015 increased to $15.10 from $15.03 at March 31, 2015.

TCP Capital Corp. Declares Third Quarter Dividend, Payable on September 30, 2015

TCP Capital Corp. announced that its board of directors declared a third quarter dividend of $0.36 per share payable on September 30, 2015 to shareholders of record as of September 16, 2015.

TCPC Capital Corp. Provides Earnings Guidance for the Quarter Ended June 30, 2015

TCPC Capital Corp. provided earnings guidance for the quarter ended June 30, 2015. For the quarter, the company currently expects that its adjusted net investment income per share after preferred dividends and incentive compensation was between $0.43 and $0.45. the company estimates that its net asset value per share as of June 30, 2015 was between $15.09 and $15.11.

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