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Horizon Technology Finance Announces Monthly Distributions for October, November and December 2024 Totaling $0.33 per Share

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Horizon Technology Finance (NASDAQ: HRZN) has announced monthly cash distributions of $0.11 per share for October, November, and December 2024, totaling $0.33 per share. The company, which provides secured loans to venture capital-backed companies in technology, life science, healthcare information and services, and sustainability industries, has paid a total of $274 million in distributions since its 2010 IPO. The distributions will be payable on October 16, November 14, and December 13, 2024, with corresponding ex-dividend and record dates. Horizon maintains a Dividend Reinvestment Plan (DRIP) for stockholders who haven't opted out, allowing for automatic reinvestment of distributions into additional shares of common stock.

Horizon Technology Finance (NASDAQ: HRZN) ha annunciato distribuzioni mensili in contante di 0,11 $ per azione per ottobre, novembre e dicembre 2024, per un totale di 0,33 $ per azione. L'azienda, che fornisce prestiti garantiti a società sostenute da capitali di rischio nei settori della tecnologia, delle scienze della vita, delle informazioni e dei servizi sanitari e della sostenibilità, ha corrisposto un totale di 274 milioni di $ in distribuzioni dalla sua IPO del 2010. Le distribuzioni saranno pagabili il 16 ottobre, il 14 novembre e il 13 dicembre 2024, con le relative date ex-dividendo e di registrazione. Horizon mantiene un Piano di Riqualificazione dei Dividendi (DRIP) per gli azionisti che non si sono esclusi, consentendo il reinvestimento automatico delle distribuzioni in ulteriori azioni ordinarie.

Horizon Technology Finance (NASDAQ: HRZN) ha anunciado distribuciones en efectivo mensuales de 0,11 $ por acción para octubre, noviembre y diciembre de 2024, totalizando 0,33 $ por acción. La empresa, que proporciona préstamos garantizados a empresas respaldadas por capital de riesgo en los sectores de tecnología, ciencias de la vida, información y servicios de salud, y sostenibilidad, ha pagado un total de 274 millones $ en distribuciones desde su OPI en 2010. Las distribuciones serán pagaderas el 16 de octubre, el 14 de noviembre y el 13 de diciembre de 2024, con las correspondientes fechas ex-dividendo y de registro. Horizon mantiene un Plan de Reinversión de Dividendos (DRIP) para los accionistas que no se han excluido, permitiendo la reinversión automática de las distribuciones en acciones ordinarias adicionales.

호라이즌 기술 금융(Horizon Technology Finance) (NASDAQ: HRZN)가 2024년 10월, 11월, 12월에 대한 월별 현금 배당금으로 주당 0.11$을 발표하며, 총 주당 0.33$에 해당합니다. 이 회사는 기술, 생명과학, 의료 정보 및 서비스, 지속 가능성 산업의 벤처 자본 지원 기업에 대해 담보 대출을 제공합니다. 2010년 IPO 이후로 총 2억 7400만 달러의 배당금을 지급했습니다. 배당금은 2024년 10월 16일, 11월 14일, 12월 13일에 지급되며, 이러한 지불과 관련된 무배당일과 기록일이 있습니다. 호라이즌은 제외하지 않은 주주를 위해 배당금 재투자 계획(DRIP)을 유지하며, 자동으로 배당금을 추가 보통주에 재투자할 수 있도록 합니다.

Horizon Technology Finance (NASDAQ: HRZN) a annoncé des distributions de liquidités mensuelles de 0,11 $ par action pour octobre, novembre et décembre 2024, soit un total de 0,33 $ par action. L'entreprise, qui accorde des prêts garantis à des sociétés soutenues par du capital-risque dans les secteurs de la technologie, des sciences de la vie, des informations et services de santé, ainsi que des industries durables, a versé un total de 274 millions de $ en distributions depuis son introduction en bourse en 2010. Les distributions seront payables le 16 octobre, le 14 novembre et le 13 décembre 2024, avec les dates ex-dividende et d'enregistrement correspondantes. Horizon maintient un Plan de Réinvestissement des Dividendes (DRIP) pour les actionnaires qui ne se sont pas exclus, permettant un réinvestissement automatique des distributions dans des actions ordinaires supplémentaires.

Horizon Technology Finance (NASDAQ: HRZN) hat monatliche Barauszahlungen von 0,11 $ pro Aktie für Oktober, November und Dezember 2024 bekannt gegeben, was insgesamt 0,33 $ pro Aktie ergibt. Das Unternehmen, das gesicherte Kredite an von Wagniskapital unterstützte Unternehmen in den Bereichen Technologie, Lebenswissenschaften, Gesundheitsinformationen und -dienstleistungen sowie Nachhaltigkeitsindustrien vergibt, hat seit seinem Börsengang im Jahr 2010 insgesamt 274 Millionen $ an Ausschüttungen gezahlt. Die Ausschüttungen sind am 16. Oktober, 14. November und 13. Dezember 2024 fällig, mit entsprechenden Ex-Dividenden- und Stichtagen. Horizon hält einen Dividenden-Reinvestitionsplan (DRIP) für Aktionäre, die sich nicht abgemeldet haben, der eine automatische Reinvestition der Ausschüttungen in zusätzliche Stammaktien ermöglicht.

Positive
  • Consistent monthly cash distributions of $0.11 per share for Q4 2024
  • Total distributions of $0.33 per share for the quarter
  • Long-term track record of shareholder returns, with $274 million paid since 2010 IPO
  • Dividend Reinvestment Plan (DRIP) available for shareholders
Negative
  • None.

Insights

Horizon Technology Finance 's announcement of monthly distributions for Q4 2024 is a routine update that provides stability and predictability for income-focused investors. The consistent $0.11 per share monthly dividend demonstrates the company's commitment to returning value to shareholders.

However, it's important to note that this announcement doesn't provide new information about the company's financial health or performance. The $0.33 total distribution for the quarter maintains the current dividend level, which has been in place since January 2023. This consistency could be viewed positively as it suggests management's confidence in the company's ability to sustain its dividend policy.

For context, Horizon's business model as a specialty finance company providing secured loans to venture capital-backed companies in high-growth sectors like technology and life sciences can be both lucrative and risky. The stability of dividends implies that the company's loan portfolio is performing adequately to support these payouts.

Investors should be aware that the actual taxable income available for distribution may differ from consolidated net income due to various accounting factors. This means that the sustainability of the dividend should be assessed in conjunction with the company's earnings reports and loan portfolio performance.

The Dividend Reinvestment Plan (DRIP) offered by Horizon is a standard feature that allows for automatic reinvestment of dividends, potentially benefiting long-term investors through compounding. However, the company's flexibility to issue new shares or purchase from the open market for DRIP could have dilutive effects or impact the stock price, depending on which option is chosen.

In conclusion, while this announcement provides clarity on near-term income for shareholders, it doesn't significantly alter the investment thesis for Horizon. Investors should continue to monitor the company's loan originations, credit quality and overall financial performance to gauge the long-term sustainability of these distributions.

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 October, November and December 2024. 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 $274 million in distributions to its shareholders.

Monthly Distributions Declared in Third Quarter 2024

Ex-Dividend Date

Record Date

Payment Date

Amount per Share

September 16, 2024

September 16, 2024

October 16, 2024

$0.11

October 17, 2024

October 17, 2024

November 14, 2024

$0.11

November 15, 2024

November 15, 2024

December 13, 2024

$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 an $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.

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 the amount of Horizon Technology Finance's (HRZN) monthly distribution for Q4 2024?

Horizon Technology Finance (HRZN) has declared monthly cash distributions of $0.11 per share for October, November, and December 2024.

When will Horizon Technology Finance (HRZN) pay its Q4 2024 distributions?

HRZN will pay its Q4 2024 distributions on October 16, November 14, and December 13, 2024.

How much has Horizon Technology Finance (HRZN) paid in total distributions since its IPO?

Since its 2010 initial public offering, Horizon Technology Finance (HRZN) has paid a total of $274 million in distributions to its shareholders.

What is the Dividend Reinvestment Plan (DRIP) offered by Horizon Technology Finance (HRZN)?

HRZN's DRIP allows stockholders to automatically reinvest their distributions into additional shares of Horizon's common stock, unless they have opted out of the plan.

Horizon Technology Finance Corporation

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