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Faruqi & Faruqi, LLP Reminds BlackRock TCP Investors of Class Action Deadline

In an essential reminder for investors, Faruqi & Faruqi, LLP, a prominent securities law firm in the United States, is currently investigating possible claims against BlackRock TCP Capital Corp. (NASDAQ: TCPC). This reminder comes ahead of a crucial deadline for investors looking to participate in a securities class action lawsuit against the company.

The law firm highlights that the deadline to apply for the role of lead plaintiff in the ongoing federal securities class action is set for April 6, 2026. Investors who acquired securities in BlackRock TCP between November 6, 2024, and January 23, 2026, are particularly encouraged to act promptly. Those interested in understanding their legal options are advised to contact James (Josh) Wilson, a partner at Faruqi & Faruqi, directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Background on the Legal Investigation

Faruqi & Faruqi, established in 1995, has a proven track record of securing extensive recoveries for investors. The firm operates from multiple locations, including New York, Pennsylvania, California, and Georgia. They now turn their attention to BlackRock TCP due to allegations of potential violations of federal securities laws. According to reports, these violations stem from misleading statements made by the company and its executives, as well as a failure to disclose certain pivotal financial data.

One of the core claims includes that BlackRock TCP did not accurately value its investments, nor successfully manage portfolio restructuring. This lack of transparency purportedly led to an understatement of unrealized losses and an overstatement of the company's net asset value (NAV). These misrepresentations have raised significant concerns among investors about the integrity of the company's public disclosures.

The Timeline of Events

In a significant turn of events, on February 27, 2025, BlackRock TCP issued a press release detailing their financial results for the fourth quarter of 2024. The report shocked investors, revealing that the company's portfolio had weakened considerably over the fiscal year. Notably, it disclosed that the number of companies within its portfolio that were on non-accrual status had more than doubled. This change drastically affected the company's financial health, leading to a 289% increase in debt investments classified as non-accrual, from 3.7% to 14.4%.

Furthermore, the press release indicated that annual losses soared to $194.9 million, a staggering increase of 186% year-over-year. Despite these troubling results, the company claimed its NAV was accurate at $9.23 per share. However, skepticism arose as shares dropped significantly following the announcement, signaling a potential disconnect between reported performance and market perception.

Subsequently, on January 23, 2026, BlackRock TCP revealed additional financial data indicating that its NAV per share was previously overstated, being in the range of $7.05 to $7.09, a decrease of 19% from just the previous quarter. This further erosion of investor trust was compounded by an alarming stock price decline of nearly 13% just days later.

The Role of Investors

The court will appoint a lead plaintiff among investors who have a significant financial interest in the matter and can represent the collective concerns of shareholders adequately. Investors are encouraged to assess their positions actively, as participation in the class action could provide an avenue for recovery, irrespective of whether they choose to become a lead plaintiff.

Faruqi & Faruqi is reaching out to all individuals who might have pertinent information regarding BlackRock TCP’s practices, including whistleblowers, former employees, and shareholders. The law firm remains dedicated to providing clarity and assistance to affected investors during this challenging time.

For updates on the BlackRock TCP securities class action or to learn more about your rights as an investor, please visit Faruqi & Faruqi’s website or contact Josh Wilson directly. This information is crucial for current and potential investors as the deadline approaches, marking a crucial opportunity to seek justice and accountability in the financial markets.