Hercules Technology Growth Capital Announces Quarterly Dividend of $0.24 per Share; Its Twenty-Eighth Consecutive Quarterly D...
August 02 2012 - 3:10PM
Business Wire
Hercules Technology Growth Capital, Inc. (NYSE:HTGC), the
leading specialty finance company focused on providing senior
secured loans to entrepreneurial venture capital and private
equity-backed companies in technology-related markets at all stages
of development, including technology, biotechnology, life science,
healthcare services and clean-tech industries, today announced that
its Board of Directors has declared a second quarter cash dividend
of $0.24 per share, that will be payable on August
24, 2012, to shareholders of record as of August 17, 2012.
Hercules’ Board of Directors maintains a variable dividend
policy with the objective of distributing four quarterly
distributions in an amount that approximates 90 - 100% of our
taxable quarterly income or potential annual income for a
particular year. In addition, at the end of the year, we may also
pay an additional special dividend or fifth dividend; such that we
may distribute approximately all of our annual taxable income in
the year it was earned, while maintaining the option to spill over
our excess taxable income.
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.
About Hercules Technology Growth Capital, Inc.:
Hercules Technology Growth Capital (NYSE: HTGC), is a leading
specialty finance firm providing customized loans to public and
private technology-related companies at all stages of development
including technology, biotechnology, life science, healthcare
services and clean-tech industries. Since inception, Hercules has
committed more than $2.9 billion to over 211 companies and is the
lender of choice for entrepreneurs, venture capital and private
equity firms seeking ideal, customized growth capital financing to
accelerate business growth and reach the next critical milestone.
Hercules common stock trades on the New York Stock Exchange
(“NYSE”) under the ticker symbol “HTGC.”
In addition, the Company's 7.00% Senior Notes due 2019 trade on
the NYSE under the symbol "HTGZ.”
Companies interested in learning more about financing
opportunities should contact info@htgc.com, or call
650.289.3060.
Forward-Looking Statements:
The statements contained in this release that are not purely
historical are forward-looking statements. 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
turbulence, and other factors we identify from time to time in our
filings with the Securities and Exchange Commission. Although we
believe 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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