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TCPC Quick Update: As Expected, Improved Dividend Coverage

TCPC Quick Update: As Expected, Improved Dividend Coverage

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BDC Buzz
May 04, 2022
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BDC Buzz
TCPC Quick Update: As Expected, Improved Dividend Coverage
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TCPC Quick Update:

  • TCPC reported between its base and bet case projections due to higher-than-expected dividend and other income covering its dividend by 114%.

  • Also, there was slightly higher-than-expected income related to prepayment premiums and accelerated OID and exit fee amortization of $0.04 per share.

  • Credit quality remains strong and loans on non-a…

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