Hercules Capital, Inc. (NYSE:HTGC) Q4 2022 Earnings Conference Call February 16, 2023 5:00 PM ET

Company Participants

Michael Hara - MD, IR & Corporate Communications

Scott Bluestein - CEO, CIO, President & Director

Seth Meyer - CFO & CAO

Conference Call Participants

Crispin Love - Piper Sandler & Co.

Kevin Fultz - JMP Securities

Christopher Nolan - Ladenburg Thalmann & Co.

Casey Alexander - Compass Point

John Hecht - Jefferies

Ryan Lynch - KBW

Operator

Good day, and thank you for standing by. Welcome to the Hercules Capital Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions].

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Michael Hara, Managing Director of Investor Relations.

Michael Hara

Thank you, Josh. Good afternoon, everyone, and welcome to Hercules Conference Call for the Fourth Quarter and Full Year 2022. With us on the call today from Hercules are Scott Bluestein, CEO and Chief Investment Officer; and Seth Meyer, CFO. Hercules' financial results were released just after today's market close and can be accessed from Hercules Investor Relations section at investor.htgc.com.

An archived webcast replay will be available on the Investor Relations web page for at least 30 days following the conference call. During this call, we may make forward-looking statements based on our own assumptions and current expectations. These forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Actual financial results may differ from the forward-looking statements made during this call for a number of reasons, including, but not limited to, the risks identified in our annual report on Form 10-K and other filings that are publicly available on the SEC's website.

Any forward-looking statements made during this call are made only as of today's date, and Hercules assumes no obligation to update any such statements in the future.

And with that, I'll turn the call over to Scott.

Scott Bluestein

Thank you, Michael, and thank you all for joining the Hercules Capital Q4 2022 Earnings Call. Following our record operating performance in 2021, Hercules Capital raised the bar higher and once again delivered record performance in 2022. 2022 was a historic year for Hercules Capital. And I am incredibly proud of what our talented and growing team accomplished. Our record-setting performance in 2022 culminated with the strongest total and net investment income quarter in the company's history. And the recent declaration of an increased quarterly base distribution and a new supplemental distribution program for our shareholders.