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home / news releases / TCPC - BDC Weekly Review: Fee Rate Cuts Continue

TCPC - BDC Weekly Review: Fee Rate Cuts Continue

BlackRock TCP Capital Corp.

2024-05-18 08:00:00 ET

Summary

  • We take a look at the BDC sector through the second week in May.
  • BDCs delivered a total return of 1.5% on the week, outperforming most income sectors.
  • BlackRock TCP Capital Corp reduced its base management fee, following similar fee reductions from other struggling BDCs.
  • Fidus Investment Corp reported a strong quarter with a 3.4% total NAV return.

Welcome to another installment of our BDC Market Weekly Review, where we discuss market activity in the Business Development Company ("BDC") sector from both the bottom-up - highlighting individual news and events - as well as the top-down - providing an overview of the broader market....

For further details see:

BDC Weekly Review: Fee Rate Cuts Continue
Stock Information
Company Name: BlackRock TCP Capital Corp.
Stock Symbol: TCPC
Market: NASDAQ
Website: tcpcapital.com
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