Hercules Capital’s Highly Asset Sensitive Debt Investment Portfolio to Generate Additional $0.02 of Net Investment Income Earnings Annually1 from the Recent Rise in Interest Rates With Federal Reserve Benchmark Rate Increase

PALO ALTO, Calif.--(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 estimated accretive impact to its debt investment portfolio attributed to the Federal Reserve - Federal Open Market Committee’s (“FOMC”) increase in the federal funds rate by 25 basis points, or 0.25%. In addition to approving the much-expected increase, the FOMC also indicated a higher rate than projected in September 2016 when it last released the quarterly look ahead. The committee now expects three rate hikes in 2017, two or three in 2018 and three in 2019.