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Xercules CAPITAL Hercules Capital Reports Second Quarter 2021 Financial Results Record Year - to - Date Total Debt and Equity Commitments of $ 971.7 Million Record Year - to - Date Total Fundings of $ 634.0 Million Surpassed $ 12.0 Billion in Cumulative Total Debt Commitments since Inception Q2 2021 Net Asset Value per Share Increased 3.1 % to $ 11.71 from Q1 2021 Record Undistributed Earnings Spillover of $ 160.2 Million , or $ 1.38 ( ¹ ) per Ending Shares Outstanding Q2 2021 Financial Achievements and Highlights • • • • • • Net Investment Income " NII " of $ 37.0 million , or $ 0.32 per share , an increase of 3.6 % year- over - year Total Investment Income of $ 69.6 million , an increase of 2.3 % year - over - year Total gross new debt and equity commitments of $ 440.8 million • Net Hercules ' debt and equity commitments of $ 399.7 million ( 2 ) Total gross fundings of $ 278.7 million Net Hercules ' fundings of $ 246.9 million ( 2 ) Unscheduled early principal repayments or " early loan repayments " of $ 167.9 million $ 610.0 million of available liquidity , subject to existing terms and covenants • 11.8 % Return on Average Equity " ROAE " ( NII / Average Equity ) • 5.9 % Return on Average Assets " ROAA " ( NII / Average Assets ) • GAAP leverage of 87.7 % and regulatory leverage of 83.8 % ( 3 ) • Net Asset Value " NAV " increased to $ 11.71 from $ 11.36 , an increase of 3.1 % from Q1 2021 • 12.7 % GAAP Effective Yield and 11.5 % Core Yield ( 4 ) , a non - GAAP measure 1