Hercules Capital Reports Q4 And FY23 Financial Results; Q4 2023 Total Investment Income Of $122.6M; Q4 2023 Net Investment Income Of $86M, Or $0.56 Per Share

Record Q4 2023 Total Investment Income of $122.6 Million, an Increase of 22.4% Year-over-Year

Record Q4 2023 Net Investment Income "NII" of $86.0 Million, or $0.56 per Share, an Increase of 38.5% Year-over-Year

Record Full-Year 2023 Total Investment Income of $460.7 Million, an Increase of 43.2% Year-over-Year

Record Full-Year 2023 Net Investment Income "NII" of $304.0 Million, an Increase of 61.7% Year-over-Year

Record Full-Year 2023 Total Gross Fundings of $1.6 billion, an Increase of 9.1% Year-over Year

Inclusive of the Adviser Funds Managed by Hercules Adviser LLC, its Wholly-owned Subsidiary, Hercules had over $1.0 Billion of Available Liquidity as of Year End

Q4 2023 NII Provides 140% Coverage of the Base Cash Distribution

Announced a New Supplemental Cash Distribution for 2024 of $0.32 per Share, Payable over Four Quarters

Undistributed Earnings Spillover of $125.6 Million, or $0.80(1) per Ending Shares Outstanding

Approximately $4.2 Billion of Assets Under Management, an Increase of 15.3% Year-over-Year(2)

Hercules Capital, Inc. (NYSE:HTGC) ("Hercules" or the "Company"), the largest and leading specialty financing 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, today announced its financial results for the fourth quarter and full-year ended December 31, 2023. The earnings release can be accessed at Hercules' Investor Relations website at https://investor.htgc.com/financial-information/financial-results.

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