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BRIEF-Hercules Capital expects 25 basis point rise in Prime Rate to generate about $2.4 mln additional NII per annum
June 15, 2017 / 10:53 AM / a month ago

BRIEF-Hercules Capital expects 25 basis point rise in Prime Rate to generate about $2.4 mln additional NII per annum

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June 15 (Reuters) - Hercules Capital Inc

* Hercules Capital's highly asset sensitive debt investment portfolio to generate additional $0.03 of net investment income earnings annually from the recent increase in the federal reserve benchmark interest rate

* Hercules Capital Inc - ‍prime rate is expected to increase from 4.00 pct to 4.25 pct

* Hercules Capital says 25 basis point raise in prime rate anticipated to generate about $2.4 million of additional NII per annum ​

* Hercules Capital Inc - anticipated increase in prime rate is not expected to have any material impact to NII in Q2 2017

* Hercules Capital Inc - ‍expected benefit from June 2017 rate increase is expected to materialize during remainder 2017 operating period​ Source text for Eikon: Further company coverage:

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