– USA, CA – BlackRock TCP Capital Corp. (NASDAQ: TCPC) today announced the appointment of the current Director, Eric Draut as Lead Independent Director, effective October 28, 2021.
“On behalf of the Board and the Company, I would like to congratulate Eric Draut on his appointment as Lead Independent Director of TCPC,” said Chairman and CEO, Raj Vig. “The Board’s decision to appoint a Lead Independent Director is further evidence of our commitment to strong corporate governance. Eric’s outstanding commitment to serving TCPC shareholders throughout his more than 10 years of service on the Board have been invaluable, and we look forward to his continued contributions in this new role.”
About Eric Draut
Eric Draut has served on the Board of Directors since 2011 and had recently served as Chair of the Audit Committee. In conjunction with the establishment of a Lead Independent Director and Mr. Draut’s appointment, the Board also appointed existing Board Members Peter Schwab and M. Freddie Reiss as Chair of the Governance and Compensation Committee and Chair of the Audit Committee, respectively.
About BlackRock TCP Capital Corp.
BlackRock TCP Capital Corp. is a specialty finance company focused on direct lending to middle-market companies as well as small businesses. TCPC lends primarily to companies with established market positions, strong regional or national operations, differentiated products and services, and sustainable competitive advantages, investing across industries in which it has significant knowledge and expertise. TCPC’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. TCPC is a publicly-traded business development company, or BDC, regulated under the Investment Company Act of 1940 and is externally managed by its advisor, a wholly-owned, indirect subsidiary of BlackRock, Inc.
For more information: https://www.tcpcapital.com/
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