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BlackRock TCP Capital shareholders approve share issuance proposal

BlackRock TCP Capital Corp. shareholders approved a proposal to authorize the company to sell or issue common shares at a price below the company's then-current net asset value per share.

The approval is for the sale or issuance of common shares in one or more offerings during the next 12 months, with the approval of the company's board. The proposal was approved at the annual shareholder meeting held May 30.