Class Action Lawsuit Filed Against BlackRock TCP Capital Corp. - Important Information for Investors

Investor Alert: Class Action Lawsuit Against BlackRock TCP Capital Corp.

Pomerantz LLP, a renowned law firm specializing in corporate litigation, has officially announced the filing of a class action lawsuit against BlackRock TCP Capital Corp. This comes in light of recent disclosures that have raised serious concerns regarding the company's financial practices and transparency, which have affected numerous investors.

Background of the Case

On February 19, 2026, Pomerantz LLP informed the public about the initiation of this legal action, urging affected investors to reach out for guidance. The core of the lawsuit revolves around allegations that BlackRock TCP and certain executives may have engaged in securities fraud and other illicit business practices, ultimately leading to substantial financial losses for investors.

Important Dates

Investors who purchased securities from BlackRock TCP during the class period must act swiftly. They have until April 6, 2026, to file a motion to be appointed as Lead Plaintiff in this case. Those interested should contact Danielle Peyton at Pomerantz LLP for more information and assistance in joining the class action.

Recent Developments

The situation escalated following revelations made by BlackRock TCP regarding its portfolio's performance. On February 27, 2025, the company reported that the total number of portfolio companies on non-accrual status had dramatically increased. Furthermore, the announcement indicated that the company's Net Asset Value (NAV) had plummeted by over 22% year-over-year, now standing at merely $9.23 per share.

Despite these alarming developments, BlackRock TCP continued to assert that its NAV was accurate and that the majority of its investments remained stable. Subsequently, investors reacted adversely to the news, resulting in a stock price decline of approximately 9.6%.

Shortly after, on January 23, 2026, BlackRock TCP further disappointed the market by revising its NAV per share down to between $7.05 and $7.09 — a staggering reduction of nearly 23.4% compared to the previous year's reporting. This disclosure led to an additional drop in stock prices, which fell nearly 13% as the market absorbed the troubling news.

Pomerantz LLP’s Role

Pomerantz LLP is well-regarded in the realm of class action litigation, having a long history of advocating for victims of securities fraud and corporate misconduct. Founded by Abraham L. Pomerantz, known for pioneering securities class actions over 85 years ago, the firm has successfully secured numerous multi-million dollar settlements for its clients. For more information on the firm’s history and its ongoing commitment to protect investor rights, visit www.pomerantzlaw.com.

Conclusion

As this class action lawsuit progresses, it is vital for investors affected by BlackRock TCP's recent actions to stay informed and consider joining the legal fight against perceived misconduct. With significant deadlines on the horizon, proactive steps are critical to safeguarding one's investment interests.

For further updates and specific guidance, affected individuals are encouraged to maintain contact with Pomerantz LLP to explore their options and contribute to the collective action being taken against BlackRock TCP Capital Corp.