HCAP - Harvest Capital Credit Corporation Declares Distributions for April May and June and Announces Open Market Stock Repurchase Program

Harvest Capital Credit Corporation (NASDAQ: HCAP) announced today that its Board of Directors declared distributions of $0.08 per share for the months of April, May and June. The April distribution is payable on May 30, 2019 to shareholders of record on May 23, 2019. The May distribution is payable on June 27, 2019 to shareholders of record on June 20, 2019. The June distribution is payable on July 25, 2019 to shareholders of record on July 18, 2019. 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.

In addition, the Board of Directors also authorized an open market stock repurchase program. Pursuant to the program, the Company is authorized to repurchase up to 250,000 shares in the aggregate of the Company's outstanding common stock in the open market. The timing, manner, price and amount of any share repurchases will be determined by the Company's management at its discretion, and no assurances can be given that any common stock, or any particular amount, will be purchased. Unless amended by the Company's Board of Directors, the repurchase program will expire on the earlier of December 31, 2019 or the repurchase of 250,000 shares of the Company's outstanding common stock. The program may be suspended, extended, modified, or discontinued at any time. The Company’s previous stock repurchase program, which was authorized in November 2018 and provided for the repurchase of up to 250,000 shares of the Company’s common stock, terminated on April 4, 2019 upon the purchase by the Company of the entire authorized pre-approved limit of shares.

About Harvest Capital Credit Corporation

Harvest Capital Credit Corporation (NASDAQ: HCAP) provides customized financing solutions to privately held small and mid-sized companies in the U.S., generally targeting companies with annual revenues of less than $100 million and annual EBITDA of less than $15 million. The company’s investment objective is to generate both current income and capital appreciation primarily by making direct investments in the form of subordinated debt, senior debt and, to a lesser extent, minority equity investments. Harvest Capital Credit Corporation is externally managed and has elected to be treated as a business development company under the Investment Company Act of 1940. For more information about Harvest Capital Credit Corporation, visit www.harvestcapitalcredit.com. However, the contents of such website are not and should not be deemed to be incorporated by reference herein.

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