Horizon Technology Finance Corporation (NASDAQ: HRZN), an affiliate of Monroe Capital and a leading specialty finance company offering secured loans to venture-backed firms in technology, life sciences, healthcare information services, and sustainability, announced its board has approved monthly cash distributions of $0.11 per share for January, February, and March 2025. These distributions total $0.33 per share, with details outlined below. Since its IPO in 2010, Horizon has distributed $286 million to its shareholders.
Monthly Distributions Declared for Q1 2025
| 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 considers estimates of taxable income available for distribution, which may differ from GAAP net income due to factors such as unrealized appreciation, temporary/permanent income and expense differences, and spillover income from previous years. Final tax-year income and tax attributes of distributions will be determined after the close of the tax year.
Horizon’s Dividend Reinvestment Plan (DRIP) allows shareholders to reinvest distributions unless they choose to receive cash. Stockholders who have not opted out of the DRIP by the record date will have their distribution reinvested into additional Horizon shares. Horizon may fulfill DRIP shares through new stock issuance or open market purchases, with share valuation based on final closing or average market prices.
About Horizon Technology Finance
Horizon Technology Finance Corporation (NASDAQ: HRZN), managed by Horizon Technology Finance Management LLC and affiliated with Monroe Capital, provides secured loans to high-growth, venture-backed companies in technology, life sciences, healthcare information, and sustainability sectors. Horizon’s investment goal is to maximize returns via income from debt investments and capital gains from warrants. Headquartered in Farmington, Connecticut, Horizon has a regional office in Pleasanton, California, with professionals across the U.S. Monroe Capital, managing $19.5 billion in assets, specializes in private credit markets across multiple strategies, including technology finance, venture debt, real estate, and structured credit. For more information, visit horizontechfinance.com.
Forward-Looking Statements
Certain statements herein may be forward-looking, as defined by the Private Securities Litigation Reform Act of 1995, and are not guarantees of future performance. Actual outcomes may differ due to risks and uncertainties, including those detailed in Horizon’s SEC filings. Horizon does not update forward-looking statements after publication, and all statements are as of the release date.
