TCP Capital (TCPC) posted a fourth-quarter net increase in net assets applicable to common shareholders resulting from operations of $6.9 million, or $0.32 per share, compared to $9.5 million, or $0.44 per share for the quarter ended September 30, 2012.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.46 per share. Analysts' estimates typically exclude special items.
Net investment income for the three months ended December 31, 2012 was approximately $14.0 million, or $0.65 per share, before preferred dividends and excise taxes, while net investment income after preferred dividends and excise taxes was $12.7 million, or $0.59 per share.
Analysts expected revenues of $12.81 million for the quarter.
On March 7, 2013, the company's board of directors declared a first quarter dividend of $0.35 per share and a special dividend of $0.05 per share, both payable on March 29, 2013 to shareholders of record as of March 18, 2013.
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