Scott Kennedy’s BDC Earnings Series: Blackrock TCP Capital’s And MidCap Financial’s Performance For Q2 2024
Summary
This earnings assessment article reviews TCPC’s and MFIC’s NAV and adjusted NII/NII performance during Q2 2024 and compares results to expectations. Earnings remain a key driver to stock performance.
TCPC’s NAV notably underperformed my/our expectations (notable decrease) while its adjusted NII was a modest–notable underperformance. TCPC added 6 p…