The Increased Total Cash Distribution of $0.48 per Share for the Second Quarter 2023 is Comprised of a New Base Distribution of $0.40 per Share, Increased from $0.39 per Share Previously, and an $0.08 per Share Supplemental Distribution

Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty finance 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, is pleased to announce that its Board of Directors has increased and declared a second quarter 2023 total cash distribution of $0.48 per share.

Hercules Capital