TCPC Quick Update: Stable Quarter, Nothing Exciting
TCPC Quick Update
TCPC hit base case projections (which were conservative) covering its dividend by 102%, NAV per share increased by 1.9%, non-accruals declined slightly to 0.9%.
There was slightly higher-than-expected portfolio growth offset by lower portfolio yield and lower dividend income.
Much lower-than-expected income related to prepayment premiums,…