Hercules Capital Declares a Total Cash Distribution of $0.47 per Share for the Fourth Quarter 2024
Hercules Capital (NYSE: HTGC) has declared a total cash distribution of $0.47 per share for Q4 2024, consisting of a $0.40 base distribution and a $0.07 supplemental distribution. The distribution will be paid on March 5, 2025, to stockholders of record as of February 26, 2025.
The company maintains a variable distribution policy targeting 90-100% of quarterly taxable income. For Q4 2024, 100% of distributions were derived from current and accumulated earnings and profits. Additionally, 79.97% of the Q4 distributions qualify as Qualified Interest Income (QII), which may be exempt from U.S. withholding tax for foreign accounts under IRC Section 871(k).
Hercules Capital (NYSE: HTGC) ha dichiarato una distribuzione totale in contante di 0,47 $ per azione per il quarto trimestre del 2024, composta da una distribuzione di base di 0,40 $ e una distribuzione supplementare di 0,07 $. La distribuzione sarà pagata il 5 marzo 2025 agli azionisti registrati al 26 febbraio 2025.
L'azienda mantiene una politica di distribuzione variabile con l'obiettivo di raggiungere il 90-100% del reddito imponibile trimestrale. Per il quarto trimestre del 2024, il 100% delle distribuzioni proviene da utili e profitti correnti e accumulati. Inoltre, il 79,97% delle distribuzioni del quarto trimestre è qualificato come Reddito da Interessi Qualificati (QII), che può essere esente da ritenuta fiscale statunitense per conti esteri ai sensi della Sezione 871(k) del Codice Interno.
Hercules Capital (NYSE: HTGC) ha declarado una distribución total en efectivo de 0,47 $ por acción para el cuarto trimestre de 2024, que consiste en una distribución base de 0,40 $ y una distribución suplementaria de 0,07 $. La distribución se pagará el 5 de marzo de 2025 a los accionistas registrados a partir del 26 de febrero de 2025.
La compañía mantiene una política de distribución variable con un objetivo del 90-100% de los ingresos imponibles trimestrales. Para el cuarto trimestre de 2024, el 100% de las distribuciones se derivaron de ganancias y beneficios actuales y acumulados. Además, el 79,97% de las distribuciones del cuarto trimestre califican como Ingresos por Intereses Calificados (QII), los cuales pueden estar exentos de impuestos de retención de EE.UU. para cuentas extranjeras bajo la Sección 871(k) del Código Interno.
허큘리스 캐피탈 (NYSE: HTGC)는 2024년 4분기 주당 $0.47의 총 현금 분배를 발표했습니다. 이는 $0.40 기본 분배와 $0.07 보충 분배로 구성됩니다. 분배금은 2025년 3월 5일에 2025년 2월 26일 기준 주주에게 지급될 예정입니다.
회사는 분기 세금 소득의 90-100%를 목표로 하는 변동 분배 정책을 유지하고 있습니다. 2024년 4분기에는 분배금의 100%가 현재 및 누적 이익에서 발생했습니다. 또한 4분기 분배금의 79.97%는 외국 계좌에 대해 IRC 섹션 871(k)에 따라 미국 원천 징수 세금에서 면제될 수 있는 적격 이자 소득(QII)으로 간주됩니다.
Hercules Capital (NYSE: HTGC) a déclaré une distribution totale en espèces de 0,47 $ par action pour le quatrième trimestre 2024, comprenant une distribution de base de 0,40 $ et une distribution complémentaire de 0,07 $. La distribution sera versée le 5 mars 2025 aux actionnaires enregistrés au 26 février 2025.
L'entreprise maintient une politique de distribution variable visant 90-100 % du revenu imposable trimestriel. Pour le quatrième trimestre 2024, 100 % des distributions provenaient de profits et de bénéfices courants et accumulés. De plus, 79,97 % des distributions du quatrième trimestre qualifient comme Revenu d'Intérêts Qualifiés (QII), ce qui peut être exonéré de l'impôt fédéral américain pour les comptes étrangers en vertu de la section 871(k) du Code des impôts.
Hercules Capital (NYSE: HTGC) hat eine Gesamtausschüttung in bar von 0,47 $ pro Aktie für das 4. Quartal 2024 erklärt, die sich aus einer Basisverteilung von 0,40 $ und einer zusätzlichen Ausschüttung von 0,07 $ zusammensetzt. Die Ausschüttung wird am 5. März 2025 an die Aktionäre ausgezahlt, die am 26. Februar 2025 registriert sind.
Das Unternehmen verfolgt eine variable Ausschüttungspolitik, die auf 90-100 % des vierteljährlichen zu versteuernden Einkommens abzielt. Für das 4. Quartal 2024 stammen 100 % der Ausschüttungen aus aktuellen und angesammelten Erträgen und Gewinnen. Darüber hinaus qualifizieren sich 79,97 % der Ausschüttungen für das 4. Quartal als Qualifiziertes Zins-Einkommen (QII), das unter Abschnitt 871(k) des Innensteuergesetzes von der US-Quellensteuer für ausländische Konten befreit sein kann.
- Total quarterly distribution of $0.47 per share announced
- 100% of distributions derived from earnings and profits
- 79.97% of distributions qualify for potential tax exemption as QII
- None.
Insights
The declared Q4 2024 distribution of
The base distribution represents the stable, recurring portion of earnings, while the supplemental component indicates excess earnings generation - a positive signal of the company's lending portfolio performance. The
The variable distribution policy targeting
- It provides transparency in the company's distribution mechanism
- Allows flexibility to manage earnings spillover strategically
- Enables efficient tax planning for both the company and shareholders
As the largest specialty finance provider to venture-backed companies, HTGC's ability to maintain this distribution level suggests strong underlying portfolio performance and effective risk management in their lending operations. The March 5 payment date and February 26 record date provide adequate time for investors to position themselves for this distribution.
The Total Cash Distribution of
Record Date |
February 26, 2025 |
|||
Payment Date |
March 5, 2025 |
Hercules' Board of Directors maintains a variable distribution policy with the objective of distributing four quarterly distributions in an amount that approximates
The determination of the tax attributes of the Company's distributions is made annually as of the end of the Company's fiscal year based upon its taxable income for the full year and distributions paid for the full year. Therefore, a determination made on a quarterly basis may not be representative of the actual tax attributes of its distributions for a full year. Of the distributions declared during the quarter ended December 31, 2024,
Pursuant to Internal Revenue Code Section 871(k), certain funds generate “Qualified Interest Income” (QII) that may be exempt for
The percentage of QII for distributions declared for the fourth quarter ended December 31, 2024 on Hercules’ common stock is
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than
Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (the “Adviser Subsidiary”), also maintains an asset management business through which it manages investments for external parties (“Adviser Funds”). The Adviser Subsidiary is registered as an investment adviser under the Investment Advisers Act of 1940.
Hercules’ common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol “HTGC.” In addition, Hercules has one retail bond issuance of
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may” and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are made only as of the date hereof. Hercules assumes no obligation to update any such statements in the future.
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Michael Hara
Investor Relations and Corporate Communications
Hercules Capital, Inc.
(650) 433-5578
mhara@htgc.com
Source: Hercules Capital, Inc.
FAQ
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