BlackRock TCP Capital Corp. (TCPC) has released an update.
BlackRock TCP Capital Corp. and BlackRock Capital Investment Corporation are proceeding with a merger, despite receiving stockholder demand letters alleging misleading statements in the related registration statement. BCIC, though denying the necessity for further disclosure, has voluntarily supplemented the statement to mitigate litigation risks. The merger, unaffected by these supplementary disclosures, continues to be unanimously endorsed by the TCPC Board. Stockholders are set to vote on the proposal at a special meeting, with the future financial outlook suggesting consistent dividend practices and estimated net asset values through 2026 for both entities.
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