HCXY is a ticker symbol for the 6.25% Notes Due 2033 issued by Hercules Capital Inc, a business development company that provides venture capital and private equity financing to support the growth and development of innovative technology-related companies.
The HCXY notes are senior unsecured debt securities that pay a fixed interest rate of 6.25% per annum, which is paid semi-annually in arrears on April 15 and October 15 of each year. The notes have a par value of $25 and can be redeemed by the issuer, in whole or in part, at any time prior to maturity, subject to certain conditions.
As a fixed-income security, HCXY notes provide investors with a predictable stream of income that is not subject to the same volatility and risk as equity investments. However, as with all debt securities, there is a risk that the issuer may default on its obligations, which could result in a loss of principal and interest for investors.
Overall, HCXY notes may be suitable for income-oriented investors who are willing to accept the credit risk associated with investing in corporate debt securities. It is important to carefully review the prospectus and consult with a financial advisor before investing in HCXY or any other securities.
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