BlackRock TCP Capital and MidCap Financial Slash Dividends as BDC Sector Faces Private Credit Stress
Two major business development companies cut dividends on the same day, triggering sharp share price declines and signaling systemic pressure in the private credit sector. BlackRock TCP Capital and MidCap Financial Investment Corporation both announced reductions amid portfolio deterioration and elevated interest rates. The coordinated weakness suggests broader stress across the $400 billion BDC industry.
ViaNews Editorial Team (Markets)•