Tranche Update on BlackRock Capital Corporation's Equity Buyback Plan announced on October 28, 2022.

BlackRock Capital Investment Corporation is a business development company that provides debt and equity capital to middle-market companies. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. The Company invests primarily in middle-market companies in the form of senior debt securities and loans, and its investment portfolio may include junior secured and unsecured debt securities and loans, each of which may include an equity component. It invests primarily in middle-market companies and targets investments that provide a risk-adjusted return. It has investments in middle-market companies in all industries. Its strategy is to provide capital to meet its client’s current and future needs across this spectrum, creating long-term partnerships with growing middle-market companies. The Company's investment advisor is BlackRock Capital Investment Advisors, LLC.