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CORRECTING and REPLACING BlackRock TCP Capital Corp. Announces 2024 Financial Results Including Fourth Quarter Net Investment Income of $0.40 Per Share; Declares First Quarter Dividend of $0.25 Per Share and a Special Dividend of $0.04 Per Share

1. BlackRock TCP Capital's net unrealized losses for Q4 2024 were $72.3 million. 2. Correction reveals negative financial results, impacting investor perception of BlackRock.

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FAQ

Why Bearish?

The revelation of significant net unrealized losses suggests weaker financial health for BlackRock TCP Capital, which may lead to decreased investor confidence and potential stock price decline. Historical examples show that negative financial corrections often result in short-term price drops, as seen with other financial service companies during earnings revisions.

How important is it?

The article contains financial results that are crucial to assessing BLK's subsidiaries and may influence investment strategies. The negative sentiment and potential impact on investor confidence provide substantial weight for market reactions.

Why Short Term?

The impact of the unrealized losses is likely to affect short-term trading behavior, as swift corrections in market sentiment generally follow negative earnings revelations. For instance, if similar corrections occur in financial institutions, they may see immediate stock price reactions.

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SANTA MONICA, Calif.--(BUSINESS WIRE)--Consolidated Results of Operations section, third paragraph, third sentence, should read: Net unrealized losses for the three months ended December 31, 2024 were $72.3 million, or $0.85 per share (instead of Net unrealized gains for the three months ended December 31, 2024 were $72.3 million, or $0.85 per share). The updated release reads: BLACKROCK TCP CAPITAL CORP. ANNOUNCES 2024 FINANCIAL RESULTS INCLUDING FOURTH QUARTER NET INVESTMENT INCOME OF $0.40 P.

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