Horizon Technology Finance Announces Monthly Distributions for January, February and March 2025 Totaling $0.33 per Share

Rhea-AI Summary

Horizon Technology Finance (NASDAQ: HRZN) has declared monthly cash distributions of $0.11 per share for January, February, and March 2025, totaling $0.33 per share. Since its 2010 IPO, Horizon has distributed $286 million to shareholders. The company maintains a Dividend Reinvestment Plan (DRIP) allowing automatic reinvestment of distributions into additional shares unless stockholders opt out. DRIP shares can be issued as new stock or purchased from the open market, with valuation based on closing prices or average purchase prices respectively.

Positive

• Consistent dividend distribution of $0.11 per share monthly
• Total shareholder distributions of $286 million since 2010 IPO
• Flexible DRIP program offering automatic dividend reinvestment options

Negative

• None.

Insights

Financial Analyst

The announcement of $0.33 in monthly distributions for Q1 2025 maintains HRZN's consistent dividend policy, with $0.11 per share monthly payouts. Having distributed $286 million since its 2010 IPO demonstrates a strong track record of shareholder returns. Key considerations:

• The distribution level remains stable, indicating management's confidence in sustainable income generation
• The DRIP program offers flexibility in distribution reinvestment, potentially supporting share price stability
• As a BDC, HRZN must distribute at least 90% of taxable income, making dividend sustainability important for investors
• The venture debt market environment and portfolio credit quality will be critical factors for maintaining these payment levels

FARMINGTON, Conn.--(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.

View source 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

Source: Horizon Technology Finance Corporation

FAQ

What is Horizon Technology Finance's (HRZN) dividend amount for Q1 2025?

Horizon Technology Finance (HRZN) declared monthly distributions of $0.11 per share for January, February, and March 2025, totaling $0.33 per share for Q1 2025.

When are HRZN's Q1 2025 dividend payment dates?

The payment dates are January 15, 2025, February 14, 2025, and March 14, 2025, with respective ex-dividend dates of December 16, 2024, January 16, 2025, and February 18, 2025.

How much has HRZN paid in total distributions since its IPO?

Since its 2010 initial public offering, Horizon Technology Finance has paid a total of $286 million in distributions to its shareholders.

How does HRZN's Dividend Reinvestment Plan (DRIP) work?

HRZN's DRIP automatically reinvests distributions into additional shares of common stock unless stockholders opt out. Shares can be newly issued or purchased from the open market by the plan administrator.