Hercules Capital Announces Tax Reporting Information for Calendar Year 2017
February 02 2018 - 5:00AM
Business Wire
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the
“Company”), the leading specialty finance company to innovative,
venture growth, pre-IPO and M&A stage companies backed by
leading venture capital firms, today announced the 2017 tax
treatment for the Company’s common stock distributions (CUSIP #:
427096508).
Details of Distributions in 2017
The amounts shown in the table below represent the final
accounting of the Company’s 2017 distributions. This information
supersedes any estimated information that may have been provided
during the year. These distributions were classified as
follows:
Record Date
Payable Date
Total PaidPer Share
Ordinary IncomePer Share
Long Term CapitalGains Per Share (1)
Interest – RelatedDividends (2)
3/6/2017 3/13/2017
$ 0.3100
$ 0.3100
$ 0.0000
100.00 % 5/15/2017 5/22/2017 $ 0.3100 $ 0.3100
$ 0.0000 100.00 % 8/14/2017 8/21/2017 $ 0.3100 $ 0.1510 $ 0.1590
100.00 % 11/13/2017 11/20/2017 $ 0.3100
$ 0.3100
$ 0.0000 100.00 % $ 1.2400
$ 1.0810
$ 0.1590
% of Total Dividends Per Share 100.0000
% 87.1619 % 12.8381 %
(1) The Company hereby designates these
distributions as amounts eligible for treatment as capital gain
dividends in accordance with IRC Sections 852(b)(3) and 854(a).
(2) The Company hereby designates the above
percentages of each of the total dividends by payment date as
Interest-Related dividends in accordance with IRC Section
871(k).
This press release is not intended to constitute tax, legal,
investment, or other professional advice. This is general
information and should not be relied upon for tax purposes.
Shareholders should consult their tax advisor for tax guidance
pertinent to specific facts and circumstances.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) (“Hercules”) 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 $7.0
billion to over 390 companies and is the lender of choice for
entrepreneurs and venture capital firms seeking growth capital
financing. Companies interested in learning more about financing
opportunities should contact info@htgc.com, or call
650.289.3060.
Hercules’ common stock trades on the New York Stock Exchange
under the ticker symbol "HTGC." In addition, Hercules has three
outstanding bond issuances of 6.25% Unsecured Notes due July 2024
(NYSE: HTGX), 4.375% Convertible Senior Notes due February 2022 and
4.625% Unsecured Investment Grade Notes due October 2022.
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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version on businesswire.com: http://www.businesswire.com/news/home/20180202005039/en/
Hercules Capital, Inc.Michael Hara, 650-433-5578Investor
Relations and Corporate Communicationsmhara@htgc.com
Hercules Capital (NYSE:HTGC)
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