Horizon Technology Finance Announces Monthly Distributions for January, February and March 2025 Totaling $0.33 per Share
29 Outubro 2024 - 5:20PM
Business Wire
Horizon Technology Finance Corporation (NASDAQ: HRZN)
(“Horizon”) (the “Company”), an affiliate of Monroe Capital, and a
leading specialty finance company that provides capital in the form
of secured loans to venture capital-backed companies in the
technology, life science, healthcare information and services, and
sustainability industries, announced today that its board of
directors has declared monthly cash distributions of $0.11 per
share, payable in each of January, February and March 2025. The
following tables show these distributions, payable as set forth in
the tables below, total $0.33 per share. Since its 2010 initial
public offering, Horizon has paid a total of $286 million in
distributions to its shareholders.
Monthly Distributions Declared in Fourth Quarter 2024
Ex-Dividend Date
Record Date
Payment Date
Amount per Share
December 16, 2024
December 16, 2024
January 15, 2025
$0.11
January 16, 2025
January 16, 2025
February 14, 2025
$0.11
February 18, 2025
February 18, 2025
March 14, 2025
$0.11
Total:
$0.33
When declaring distributions, Horizon’s board of directors
reviews estimates of taxable income available for distribution,
which may differ from consolidated net income under generally
accepted accounting principles due to (i) changes in unrealized
appreciation and depreciation, (ii) temporary and permanent
differences in income and expense recognition, and (iii) the amount
of spillover income carried over from a given year for distribution
in the following year. The final determination of taxable income
for each tax year, as well as the tax attributes for distributions
in such tax year, will be made after the close of the tax year.
Horizon maintains a “Dividend Reinvestment Plan” (“DRIP”) that
provides for the reinvestment of distributions on behalf of its
stockholders, unless a stockholder has elected to receive
distributions in cash. As a result, if Horizon declares a
distribution, its stockholders who have not “opted out” of the DRIP
by the distribution record date will have their distribution
automatically reinvested into additional shares of Horizon’s common
stock. Horizon has the option to satisfy the share requirements of
the DRIP through the issuance of new shares of common stock or
through open market purchases of common stock by the DRIP plan
administrator. Newly-issued shares will be valued based upon the
final closing price of Horizon’s common stock on a specified
valuation date for each distribution as determined by Horizon’s
board of directors. Shares purchased in the open market to satisfy
the DRIP requirements will be valued based upon the average price
of the applicable shares purchased by the DRIP plan administrator,
before any associated brokerage or other costs, which are borne by
Horizon.
About Horizon Technology Finance
Horizon Technology Finance Corporation (NASDAQ: HRZN),
externally managed by Horizon Technology Finance Management LLC, an
affiliate of Monroe Capital, is a leading specialty finance company
that provides capital in the form of secured loans to venture
capital backed companies in the technology, life science,
healthcare information and services, and sustainability industries.
The investment objective of Horizon is to maximize its investment
portfolio’s return by generating current income from the debt
investments it makes and capital appreciation from the warrants it
receives when making such debt investments. Horizon is
headquartered in Farmington, Connecticut, with a regional office in
Pleasanton, California, and investment professionals located
throughout the U.S. Monroe Capital is a $19.5 billion asset
management firm specializing in private credit markets across
various strategies, including direct lending, technology finance,
venture debt, opportunistic, structured credit, real estate and
equity. To learn more, please visit horizontechfinance.com.
Forward-Looking Statements
Statements included herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements other than statements of historical
facts included in this press release may constitute forward-looking
statements and are not guarantees of future performance, condition
or results and involve a number of risks and uncertainties. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those
described from time to time in Horizon’s filings with the
Securities and Exchange Commission. Horizon undertakes no duty to
update any forward-looking statement made herein. All
forward-looking statements speak only as of the date of this press
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20241029257377/en/
Investor Relations: ICR Garrett Edson ir@horizontechfinance.com
(646) 200-8885
Media Relations: ICR Chris Gillick HorizonPR@icrinc.com (646)
677-1819
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