FARMINGTON, Conn., Aug. 1, 2023 /PRNewswire/ — Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”) (the “Enterprise”), a main specialty finance corporation that presents capital in the form of secured loans to venture capital backed companies in the technological know-how, daily life science, healthcare information and facts and companies, and sustainability industries, declared today that its board of administrators has declared month to month cash distributions of $.11 for each share, payable in every of October, November and December 2023.  The pursuing desk demonstrates these distributions, payable as set forth in the table beneath, overall $.33 for every share. Considering that its 2010 preliminary general public presenting, Horizon has paid out a complete of $226 million in distributions to its shareholders.

Monthly Distributions Declared in 2nd Quarter 2023

When declaring distributions, the Horizon board of administrators reviews estimates of taxable earnings obtainable for distribution, which could vary from consolidated net income less than usually approved accounting ideas thanks to (i) modifications in unrealized appreciation and depreciation, (ii) temporary and permanent dissimilarities in earnings and expenditure recognition, and (iii) the amount of money of spillover revenue carried over from a provided calendar year for distribution in the adhering to year. The last dedication of taxable revenue for each and every tax calendar year, as very well as the tax characteristics for distributions in this sort of tax yr, will be produced right after the shut of the tax yr.

Horizon maintains a “Dividend Reinvestment Strategy” (“DRIP”) that presents for the reinvestment of distributions on behalf of its stockholders, except if a stockholder has elected to receive distributions in dollars. As a final result, if Horizon declares a distribution, its stockholders who have not “opted out” of the DRIP by the distribution report date will have their distribution automatically reinvested into additional shares of Horizon’s common stock. Horizon has the alternative to fulfill the share prerequisites of the DRIP through the issuance of new shares of popular inventory or as a result of open up industry buys of popular inventory by the DRIP system administrator. Newly-issued shares will be valued based on the last closing selling price of Horizon’s popular inventory on a specified valuation day for each individual distribution as decided by Horizon’s board of administrators. Shares ordered in the open up sector to fulfill the DRIP demands will be valued dependent on the normal price of the relevant shares acquired by the DRIP system administrator, in advance of any related brokerage or other fees, which are borne by Horizon.

Tale carries on

About Horizon Engineering Finance

Horizon Engineering Finance Company (NASDAQ: HRZN) is a main specialty finance company that supplies capital in the kind of secured loans to venture funds backed corporations in the know-how, everyday living science, healthcare information and facts and solutions, and sustainability industries. The financial commitment aim of Horizon is to maximize its investment portfolio’s return by creating present-day profits from the personal debt investments it will make and cash appreciation from the warrants it receives when generating these kinds of financial debt investments. Horizon is headquartered in Farmington, Connecticut, with a regional business office in Pleasanton, California, and financial investment specialists situated in Austin, Texas, Chicago, Illinois, Reston, Virginia and Portland, Maine. To learn extra, make sure you take a look at horizontechfinance.com.

Ahead-Searching Statements

Statements involved herein might constitute “forward-looking statements” within the that means of the Non-public Securities Litigation Reform Act of 1995. Statements other than statements of historic points bundled in this push release could represent ahead-searching statements and are not assures of potential functionality, issue or outcomes and include a quantity of pitfalls and uncertainties. Genuine results may perhaps differ materially from these in the forward-searching statements as a final result of a selection of aspects, like these described from time to time in Horizon’s filings with the Securities and Exchange Fee. Horizon undertakes no responsibility to update any forward-searching assertion built herein. All ahead-hunting statements talk only as of the date of this press launch.

Contacts:

Trader Relations:
ICR
Garrett Edson
[email protected]
(860) 284-6450

Media Relations:
ICR
Chris Gillick
[email protected]   
(646) 677-1819

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Source Horizon Technologies Finance Corporation