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Harvest Capital Credit Corp (HCAP) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2017

Harvest Capital Credit Corp

CIK: 1559909 Ticker: HCAP

Exhibit 99.1

 

 

 

HARVEST CAPITAL CREDIT CORPORATION ANNOUNCES MARCH 31, 2017 FINANCIAL RESULTS AND DECLARES DISTRIBUTIONS FOR APRIL, MAY AND JUNE

 

 

NEW YORK, May 10, 2017 — Harvest Capital Credit Corporation (“Harvest Capital” or the “Company”) (NASDAQ: HCAP) announced that its Board of Directors declared distributions of $0.1125 per share for the months of April, May and June. The April distribution is payable on May 26, 2017 to shareholders of record on May 19, 2017. The May distribution is payable on June 22, 2017 to shareholders of record on June 15, 2017. The June distribution is payable on July 27, 2017 to shareholders of record on July 20, 2017. The Company's distributions may include a return of capital to shareholders to the extent that the Company's net investment income and net capital gains are insufficient to support the distributions. Distributions that are treated for tax purposes as a return of capital will reduce each shareholder's basis in his, her or its shares. Returns of shareholder capital also have the effect of reducing the Company's assets.    

 

FINANCIAL HIGHLIGHTS

 

   

Q1-17

   

Q1-16

 
   

Amount

   

Per

share

   

Amount

   

Per

share

 
                                 

Net investment income

  $ 2,237,657     $ 0.35     $ 2,571,405     $ 0.41  

Core net investment income (1)

  $ 2,237,657     $ 0.35     $ 2,571,405     $ 0.41  

Net realized gains (losses) on investments

  $ 4,096     $     $ (1,219,785

)

  $ (0.19

)

Net change in unrealized appreciation (depreciation)

  $ 91,800     $ 0.02     $ (1,484,619

)

  $ (0.24

)

Net income (loss)

  $ 2,333,553     $ 0.37     $ (132,999

)

  $ (0.02

)

                                 

Weighted average shares outstanding (basic and diluted)

    6,350,229               6,274,843          

  

 

(1)

Core net investment income and core net investment income per share are non-GAAP financial measures. Reconciliations of core net investment income and core net investment income per share to the most directly comparable GAAP financial measure and other information regarding these non-GAAP financial measures are set forth in Schedule 1 hereto.

 

 

 
 

The following information was filed by Harvest Capital Credit Corp (HCAP) on Wednesday, May 10, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Harvest Capital Credit Corp's 10-Q Quarterly Report:

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Harvest Capital Credit Corp provided additional information to their SEC Filing as exhibits

Ticker: HCAP
CIK: 1559909
Form Type: 10-Q Quarterly Report
Accession Number: 0001559909-17-000015
Submitted to the SEC: Wed May 10 2017 12:26:25 PM EST
Accepted by the SEC: Wed May 10 2017
Period: Friday, March 31, 2017
Industry: 1559909

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