TCPC Quick Update: As Expected, Improved Dividend Coverage
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…