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Xercules CAPITAL Hercules Capital Reports First Quarter 2021 Financial Results Record Q1 Gross New Debt and Equity Commitments of $ 530.9 Million Q1 2021 Net Asset Value " NAV " per Share Increased 0.9 % to $ 11.36 from Q4 2020 Strong Available Liquidity of $ 550.0 Million Record Undistributed Earnings Spillover of $ 109.1 Million , or $ 0.94 ( 1 ) per Ending Shares Outstanding Declared a $ 0.28 Supplemental Distribution for Fiscal 2021 Payable over Four Quarters beginning with Q1 2021 Q1 2021 Financial Achievements and Highlights • Net Investment Income " NII " of $ 34.6 million , or $ 0.30 per share • Total Investment Income of $ 68.8 million • • • • Total gross new debt and equity commitments of $ 530.9 million • Net Hercules ' debt and equity commitments of $ 467.2 million ( 2 ) Total gross fundings of $ 355.3 million Net Hercules ' fundings of $ 307.1 million ( 2 ) Unscheduled early principal repayments or " early loan repayments " of $ 191.5 million $ 550.0 million of available liquidity , subject to existing terms and covenants • 11.6 % Return on Average Equity " ROAE ” ( NII / Average Equity ) • 5.6 % Return on Average Assets " ROAA " ( NII / Average Assets ) GAAP leverage of 94.6 % and regulatory leverage of 89.2 % ( 3 ) • Net Asset Value " NAV " increased to $ 11.36 from $ 11.26 , up 0.9 % from Q4 2020 • 13.2 % GAAP Effective Yield and 11.6 % Core Yield ( 4 ) , a non - GAAP measure 1