Hercules Capital Declares Cash Distribution of $0.32 per Share for the Second Quarter of 2021
Hercules Capital, Inc. (NYSE: HTGC) has announced a cash distribution of $0.32 per share for the second quarter of 2021, with a record date of August 11, 2021 and a payment date of August 18, 2021. The company follows a variable distribution policy aiming to distribute approximately 90% to 100% of its taxable quarterly income. As of the second quarter, 87.7% of the declared distributions are classified as Qualified Interest Income (QII), which may benefit non-U.S. shareholders by being exempt from U.S. withholding tax.
- Announced a cash distribution of $0.32 per share.
- Distribution payment dates provide clarity for investors.
- 87.7% of distributions from the second quarter are classified as Qualified Interest Income.
- No certainty regarding the tax attributes of distributions for the full year 2021.
- Forward-looking statements highlight potential uncertainties affecting future performance.
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty finance provider to innovative, venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, is pleased to announce that its Board of Directors has declared a second quarter 2021 cash distribution of
Record Date |
August 11, 2021 |
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Payment Date |
August 18, 2021 |
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 June 30, 2021,
Pursuant to Internal Revenue Code Section 871(k), certain funds generate “Qualified Interest Income” (QII) that may be exempt for U.S. withholding tax on foreign accounts. A regulated investment company (“RIC”) is permitted to designated distributions of QII as exempt from U.S. withholding tax when paid to non-U.S. shareholders with proper documentation.
The percentage of QII for distributions declared for the second quarter ended June 30, 2021 on Hercules Capital, Inc.’s 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, life sciences and sustainable and renewable technology industries. Since inception (December 2003), Hercules has committed more than
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. You should understand that under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports we file under the Exchange Act.
The information disclosed in this press release is made as of the date hereof and reflects Hercules’ most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Hercules believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking 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-looking statements for subsequent events.
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FAQ
What is the cash distribution amount announced by Hercules Capital (HTGC) for Q2 2021?
When is the record date for Hercules Capital's Q2 2021 distribution?
What percentage of the Q2 2021 distribution consists of Qualified Interest Income (QII)?
When will Hercules Capital (HTGC) pay the Q2 2021 cash distribution?
What is Hercules Capital's policy regarding cash distributions?
