Hercules Technology Growth Capital Announces Quarterly Dividend of $0.23 per Share; Its Twenty-Sixth Consecutive Quarterly Dividend Distribution
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Twenty-Sixth Consecutive Quarterly Dividend Bringing Cumulative
Distributions to $6.92 per Share since IPO in June 2005
PALO ALTO, Calif.--(BUSINESS WIRE)--
Hercules Technology Growth Capital, Inc. (NASDAQ:HTGC), a leader in
customized debt financing for entrepreneurial venture and private
equity-backed companies in technology-related markets including
cleantech and life science, announced today that its Board of Directors
has declared a fourth quarter cash dividend of $0.23 per share. The
dividend will be payable on March 15, 2012, to shareholders of record as
of March 12, 2012.
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. The tax attributes of the Company's distributions for the
year ended December 31, 2011 were paid 100% from earnings and profits.
There can be no certainty to shareholders that the 2011 determination is
representative of what the tax attributes of the Company's 2012
distributions to shareholders will actually be. The Company's
distributions are intended to be paid from taxable income.
About Hercules Technology Growth Capital, Inc.:
Hercules Technology Growth Capital (NASDAQ: HTGC), is a NASDAQ traded
specialty finance firm providing customized loans to public and private
technology-related companies, including clean technology, life science
and select lower middle market technology companies at all stages of
development. Since inception, Hercules has committed more than $2.7
billion to over 190 companies and is the lender of choice for
entrepreneurs, venture capital and private equity firms seeking ideal,
customized growth capital financing at all stages of a company's
development to accelerate business growth and reach the next critical
milestone.
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.
Schwartz MSL
Merrill Freund or Britt Gottlieb, 415-512-0770
hercules@schwartzmsl.com
or
Hercules
Technology Growth Capital, Inc.
Main, 650-289-3060 HT-HN
info@htgc.com
Sally
Borg, 650-289-3066
sborg@htgc.com
Source: Hercules Technology Growth Capital, Inc.
News Provided by Acquire Media
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