2022-05-03 | NYSE:HTGC | Press Release

The Supplemental Hard cash Distribution of $.15 per Share is in Addition to the Typical Quarterly Money Distribution for the 1st Quarter of 2022 of $.33 for each Share

Hercules Cash, Inc. (NYSE: HTGC) (“Hercules&CloseCurlyDoubleQuote or the “Company&CloseCurlyDoubleQuote), the biggest and main specialty financing company to ground breaking venture, advancement and recognized phase firms backed by some of the main and leading-tier undertaking money and select non-public equity companies, is delighted to announce that its Board of Administrators has declared a supplemental dollars distribution of $.15 for every share.

This supplemental income distribution will be compensated out of Hercules Cash&CloseCurlyQuotes undistributed taxable revenue (taxable profits in surplus of distributions compensated) as of March 31, 2022. The pursuing shows the key dates of the supplemental distribution payment:

Record Date		May perhaps 17, 2022
Payment Date		Could 24, 2022

This supplemental hard cash distribution is in addition to the earlier announced frequent quarterly hard cash distribution that Hercules declared for the to start with quarter of 2022 of $.33 for each share.

Hercules’ Board of Administrators maintains a variable distribution coverage with the aim of distributing 4 quarterly distributions in an quantity that approximates 90% to 100% of the Company&CloseCurlyQuotes taxable quarterly earnings or opportunity yearly revenue for a specific year. In addition, throughout the year, the Company&CloseCurlyQuotes Board of Directors may well select to pay back additional supplemental distributions, so that the Company might distribute about all its once-a-year taxable cash flow in the calendar year it was gained, or it can elect to keep the solution to spill over the surplus taxable cash flow into the coming yr for long term distribution payments.

The willpower of the tax characteristics of the Firm’s distributions is produced annually as of the conclude of the Firm’s fiscal yr primarily based upon its taxable cash flow for the comprehensive calendar year and distributions paid out for the entire 12 months. Therefore, a willpower created on a quarterly foundation might not be agent of the actual tax attributes of its distributions for a complete yr. Of the distributions declared through the quarter ended March 31, 2022, 100% have been distributions derived from the Organization&CloseCurlyQuotes present-day and amassed earnings and gains. There can be no certainty to stockholders that this resolve is agent of the tax attributes of the Enterprise&CloseCurlyQuotes 2022 complete calendar year distributions to stockholders.

Pursuant to Inner Income Code Part 871(k), selected money create “Qualified Fascination Cash flow&CloseCurlyDoubleQuote (QII) that could be exempt for U.S. withholding tax on foreign accounts. A controlled investment decision firm (“RIC&CloseCurlyDoubleQuote) is permitted to designate distributions of QII as exempt from U.S. withholding tax when compensated to non-U.S. shareholders with suitable documentation.

The percentage of QII for distributions declared for the to start with quarter ended March 31, 2022 on Hercules Funds, Inc.&CloseCurlyQuotes prevalent stock is 100%.

About Hercules Money, Inc.

Hercules Funds, Inc. (NYSE: HTGC) is the top and premier specialty finance business concentrated on giving senior secured enterprise growth loans to large-development, ground breaking enterprise cash-backed firms in a wide wide variety of technological know-how, lifetime sciences and sustainable and renewable technological innovation industries. Because inception (December 2003), Hercules has dedicated extra than $13 billion to more than 560 providers and is the financial institution of choice for business owners and enterprise capital corporations searching for advancement cash financing. Firms fascinated in finding out more about funding possibilities really should call [email protected], or contact (650) 289-3060.

Hercules, by way of its wholly owned subsidiary, Hercules Adviser LLC (“Hercules Adviser&CloseCurlyDoubleQuote), also maintains an asset administration company by means of which it manages investments for exterior functions. Hercules Adviser is registered as an expense adviser under the Investment decision Advisers Act of 1940.

Hercules&CloseCurlyQuote popular inventory trades on the New York Stock Trade (NYSE) underneath the ticker symbol “HTGC.&CloseCurlyDoubleQuote In addition, Hercules has one particular retail bond issuance of 6.25% Notes owing 2033 (NYSE: HCXY).

Ahead-Hunting Statements

This push release could comprise “forward-looking statements&CloseCurlyDoubleQuote inside of the this means of the Non-public Securities Litigation Reform Act of 1995. You ought to fully grasp that underneath Area 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Part 21E(b)(2)(B) of the Securities Trade Act of 1934, as amended, or the Exchange Act, the “safe harbor&CloseCurlyDoubleQuote provisions of the Private Securities Litigation Reform Act of 1995 do not apply to ahead-looking statements created in periodic studies we file less than the Exchange Act.

The data disclosed in this push release is manufactured as of the date hereof and displays Hercules&CloseCurlyQuote most latest evaluation of its historic economical efficiency. Real financial final results submitted with the SEC could differ from individuals contained herein due to timing delays among the date of this launch and affirmation of last audit outcomes. These forward-searching statements are not guarantees of long term effectiveness and are issue to uncertainties and other elements that could lead to genuine results to vary materially from those people expressed in the ahead-looking statements such as, without limitation, the hazards, uncertainties, which include the uncertainties surrounding the existing current market volatility, and other things the Company identifies from time to time in its filings with the SEC. Even though Hercules thinks that the assumptions on which these ahead-seeking statements are dependent are fair, any of people assumptions could confirm to be inaccurate and, as a end result, the forward-seeking statements dependent on these assumptions also could be incorrect. You should really not location undue reliance on these forward-wanting statements. The forward-looking statements contained in this release are made as of the date hereof, and Hercules assumes no obligation to update the forward-searching statements for subsequent functions.

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