NEW YORK--(BUSINESS WIRE)--Feb 4, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against BlackRock TCP Capital Corp. (“BlackRock TCP” or the “Company”) (NASDAQ: TCPC) and reminds investors of the April 6, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the Company’s investments were not being timely and/or appropriately valued; (2) the Company’s efforts at portfolio restructuring were not effectively resolving challenged credits or improving the quality of the portfolio; (3) as a result, the Company’s unrealized losses were understated; (4) as a result, the Company’s NAV was overstated; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
On February 27, 2025, before the market opened, the Company issued a press release announcing financial results for the fourth quarter and year ended December 31, 2024. The press release disclosed that the Company’s portfolio had significantly weakened during the 2024 fiscal year. Specifically, the press release revealed the number of portfolio companies on non-accrual status had more than doubled, and as a result, debt investments on non-accrual status at cost increased by 289% (from 3.7% to 14.4% of the portfolio). Moreover, the press release revealed that the Company’s net asset value (“NAV”) had fallen 22.44% year over year to $9.23 per share. Total losses, both realized and unrealized, were revealed to have ballooned to $194,895,042 for the fiscal year, a 186% increase year over year, in large part due to a newly added $72.3 million net unrealized loss within the fourth quarter. Despite this, the press release alleged the NAV of the Company was accurate at $9.23 per share, and that “the vast majority of [the Company’s] portfolio continued to perform well,” and the Company was “working closely with [its] borrowers and sponsors to resolve the portfolio issues.”
On this news, the Company’s stock price fell $0.90, or 9.64%, to close at $8.44 per share on February 27, 2025, on unusually heavy trading volume.
On January 23, 2026, after market hours, BlackRock TCP disclosed certain fourth quarter and full year 2025 financial results, including that the Company’s NAV per share as of December 31, 2025 was in fact in the range of $7.05 to $7.09, 19% less than reported the prior quarter and 23.4% less than reported the prior year.
On this news, BlackRock TCP’s stock price fell $0.76, or 12.97%, to close at $5.10 per share on January 26, 2026, on unusually heavy trading volume.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding BlackRock TCP’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the BlackRock TCP class action, go to www.faruqilaw.com/TCPC or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of BlackRock TCP
DUBAI, United Arab Emirates (AP) — Talks between Iran and the United States are expected to take place Friday in Oman, Iranian media reported, as tensions between the countries remain high following Tehran's bloody crackdown on nationwide protests last month.
The semiofficial ISNA and Tasnim news agencies and the Student News Network reported on Wednesday that talks would take place in Oman, though the sultanate did not immediately confirm it. Oman has hosted multiple rounds of nuclear talks between Iran and the U.S. in the past.
Secretary of State Marco Rubio said U.S. officials were working on maintaining a meeting this week. The U.S. has not acknowledged the talks would take place in Oman. Iran's mission to the U.N. did not respond to a request for comment about the status of the talks.
There are significant obstacles. A regional official said Iran was seeking a “different” type of meeting than that proposed by Turkey, one focused exclusively on the issue of Iran's nuclear program, with participation limited to Iran and the United States. The official spoke on condition of anonymity because they were not authorized to brief the media.
U.S. President Donald Trump previously suggested the U.S. might use force against Iran in response to its crackdown on protesters, and is pushing Tehran for a deal to constrain its nuclear program.
Iran’s reformist President Masoud Pezeshkian on Tuesday said he had instructed the foreign minister to “pursue fair and equitable negotiations” with the U.S., in the first clear sign from Tehran it wants to try to negotiate. That signaled the move is supported by Supreme Leader Ayatollah Ali Khamenei, who has the final say on all matters of state and previously dismissed any negotiations.
Rubio said the U.S. hoped to discuss a number of concerns beyond the nuclear issue, including discussions on Iran's ballistic missiles, support for proxy networks across the region and the “treatment of their own people."
“The leadership of Iran at the clerical level does not reflect the people of Iran. I know of no other country where there’s a bigger difference between the people who lead the country and the people who live there,” he told reporters.
Vice President JD Vance told “The Megyn Kelly Show” that diplomatic talks with Iran are challenging because of Tehran’s political system, overseen by Khamenei.
“It’s a very weird country to conduct diplomacy with when you can’t even talk to the person who’s in charge of the country. That makes all of this much more complicated, and it makes the whole situation much more absurd,” Vance said, noting that Trump could speak directly by phone with the leaders of Russia, China or North Korea.
Vance said Trump’s bottom line is that Iran cannot be allowed to develop a nuclear weapon, asserting that other states in the region would quickly do the same.
Iran long has insisted its nuclear program is peaceful. However, Iranian officials in recent years have increasingly threatened to pursue the bomb.
Vance said he believed Trump would work to “accomplish what he can through non-military means. And if he feels like the military is the only option, then he’s ultimately going to choose that option.”
On Tuesday, a U.S. Navy fighter jet shot down an Iranian drone that approached an American aircraft carrier. Iranian fast boats from its paramilitary Revolutionary Guard also tried to stop a U.S.-flagged ship in the Strait of Hormuz, the narrow mouth of the Persian Gulf, the Navy said.
Iran did not immediately acknowledge either incident, which strained but apparently did not derail hopes for talks with the U.S.
On Wednesday, Iranian military chiefs visited a missile base in an attempt to highlight its military readiness after a 12-day war with Israel in June devastated Iran’s air defenses. The base holds the Khorramshahr missile, which has a range of more than 2,000 kilometers (1,250 miles) and was launched towards Israel during the war last year.
Also Wednesday, Turkish President Recep Tayyip Erdogan reiterated Turkey’s opposition to foreign intervention in neighboring Iran, calling for the resolution of issues through dialogue.
Turkey has been urgently working for the past week to bring the U.S. and Iran to the negotiating table, and was previously expected to host the talks.
“We believe that external interventions involving our neighbor Iran would pose significant risks for the entire region,” Erdogan said during a visit to Cairo. “Resolving issues with Iran, including the nuclear file, through diplomatic means is the most appropriate approach.”
Associated Press writers Suzan Fraser in Ankara, Farnoush Amiri in New York, Moriah Balingit in Washington, and Melanie Lidman in Jerusalem contributed.
FILE - In this photo released by the Iranian Foreign Ministry, Iranian Foreign Minister Abbas Araghchi, left, is welcomed by an unidentified Omani official, center, upon his arrival at Muscat, Oman, for negotiations with U.S. Mideast envoy Steve Witkoff, as Iranian Ambassador to Oman Mousa Farhang walks at right, May 11, 2025. (Iranian Foreign Ministry via AP, File)
