TPVG Quick Update: Q1 2021
Summary
TPVG has a lumpy earnings model and Q1 fell short due to lower prepayment-related income combined with being underleveraged. The same happened in Q3 2019 (see below).
However, since March 31, 2021, and through May 4, 2021, the company has already received $46 million of prepayments generating more than $2.0 million of accelerated income.
There is a…