Investor Presentaiton
Well-Covered Dividend
Net investment income of $0.44 per share
in Q1 2023
Out-earned quarterly dividend of $0.32 per share paid
on March 31, 2023
Declared Q2 2023 dividend of $0.34 per share
Payable on June 30, 2023 to holders of record as of June 16,
2023
Consistent coverage of the regular dividend every quarter since IPO in 2012
2012 (12) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
2023
Q1
Per Share
Regular dividend
Net investment income
Regular dividend
coverage
$1.04 $1.43 $1.44 $1.44 $1.44 $1.44 $1.44 $1.44 $1.32
$1.42 $1.65 $1.55 $1.64 $1.51 $1.59 $1.59 $1.61 $1.44
$1.20 $1.22 $0.32
$1.26 $1.53 $0.44
137% 115% 108% 114% 105% 110% 110% 112%
109%
105%
125% 137%
Special dividend
$0.05 $0.10 $0.10
$0.05
(1)
Incentive compensation was waived from the date of the IPO to January 1, 2013.
(2) Dividends and net investment income in 2012 reflect the 3 quarters post-IPO (Q2, Q3 and Q4).
There is no guarantee that quarterly distributions will continue to be made at historical levels.
BLACKROCK
9
TCP
CAPITAL
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