TCP Capital Posts Profit In Q4

(RTTNews) - TCP Capital Corp. (TCPC) posted fourth-quarter net increase in assets resulting from operations of $14.4 million or $0.46 per share.

Net investment income before taxes for the three months ended December 31, 2013 was approximately $16.3 million, or $0.51 per share, before related incentive compensation and preferred dividends, while pre-tax net investment income after related incentive compensation and preferred dividends was $12.7 million, or $0.40 per share.

On average, analysts polled by Thomson Reuters expected the company to earn $0.38 per share. Analysts' estimates typically exclude special items.

On March 6, 2014, our board of directors declared a first quarter dividend of $0.36 per share payable on March 31, 2014 to shareholders of record as of March 17, 2014.