TCPC Update: Beat Best Case
TCPC Quick Update:
TCPC beat its best case projections due to MUCH higher-than-expected dividend income covering its dividend by 123% reaffirming its quarterly dividend of $0.30.
NAV declined by $0.30/share or 2.1% (from $14.27 to $13.97) mostly due to wider market spreads partially offset by overearning the dividend.
The credit quality of the portfolio re…