BlackRock TCP Capital Corp. on March 6, 2024, pursuant to the Amended and Restated Bylaws of the Company, M. Freddie Reiss and Peter Schwab informed the Company of their intention to retire from the Board of Directors of the Company, effective upon the closing of the merger (the Merger) of BlackRock Capital Investment Corporation (BCIC) with and into an indirect wholly-owned subsidiary of the Company, pursuant to the terms of that certain Amended and Restated Agreement and Plan of Merger, dated as of January 10, 2024, by and among the Company, BCIC, BCIC Merger Sub, LLC and, solely with respect to certain sections, BlackRock Capital Investment Advisors, LLC and Tennenbaum Capital Partners, LLC. Messrs.

Reiss and Schwab?s decision was not a result of any disagreement with the Company on any matter relating to the Company?s operations, policies or practices. Messrs. Reiss and Schwab have accepted appointments to serve as advisors to the Board until the 2025 annual shareholder meeting of the Company.

On March 6, 2024, the Board of Directors of the Company appointed Maureen K. Usifer and Jack Baron to the Board of the Company, to serve as Independent Directors effective upon the closing of the Merger. Ms. Usifer and Mr. Baron currently serve as Independent Directors of BCIC.