Horizon Technology Finance (NASDAQ: HRZN) closes MRCC merger
Rhea-AI Filing Summary
Horizon Technology Finance Corporation reported first quarter 2026 net investment income of $8.97 million, or $0.19 per share, on total investment income of $24.1 million, slightly below the prior-year period. Net assets were $333.9 million, with net asset value steady at $6.98 per share.
The debt portfolio carried a 15.2% dollar‑weighted annualized yield on average debt investments, with 41 secured loans at a fair value of $645.6 million and total investments at $695.7 million. The loan portfolio’s weighted average internal credit rating was 3.0, and four loans were rated 1 with a fair value of $24.3 million.
Horizon completed its merger with Monroe Capital Corporation on April 14, 2026, receiving approximately $141.1 million in cash and issuing 20,370,645 shares. Former MRCC stockholders own 29.86% of the combined company. Net debt‑to‑equity leverage was 113% with an asset coverage ratio of 174%. The board declared third-quarter 2026 regular and special monthly distributions totaling $0.27 per share, supported by undistributed spillover income of $0.52 per share.
Positive
- None.
Negative
- None.
Insights
Horizon posts stable NAV, closes MRCC merger, and keeps leverage within target while funding growth and maintaining high portfolio yields.
Horizon Technology Finance generated Q1 2026 total investment income of $24.1M and net investment income of $8.97M, or $0.19 per share. While NII per share declined from $0.27 a year earlier, net assets rose to $333.9M and NAV per share held at $6.98.
The debt portfolio produced a strong dollar‑weighted annualized yield of 15.2% on average debt investments, with $645.6M of secured loans and a weighted average internal credit rating of 3.0. Four loans are rated 1, with $24.3M in fair value, highlighting pockets of elevated risk that remain relatively contained within the overall book.
The completed merger with Monroe Capital Corporation brought in approximately $141.1M in cash and added 20,370,645 shares, leaving former MRCC holders at 29.86% ownership. Leverage stood at 113%, below the 120% target, and the asset coverage ratio was 174%. Regular and special Q3 2026 distributions total $0.27 per share, backed by spillover income of $0.52 per share, indicating continued use of prior undistributed earnings to supplement current NII.
8-K Event Classification
Key Figures
Key Terms
net investment income financial
net asset value financial
dollar-weighted annualized yield financial
asset coverage ratio financial
convertible notes financial
spillover income financial
Earnings Snapshot
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Section 2
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Financial Information
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Item 2.02
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Results of Operations and Financial Condition
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Section 9
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Financial Statements and Exhibits
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Item 9.01
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Financial Statements and Exhibits
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(d)
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Exhibits.
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99.1
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Press Release of the Company dated May 5, 2026.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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Date: May 5, 2026
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HORIZON TECHNOLOGY FINANCE CORPORATION
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By:
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/s/ Michael P. Balkin
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Michael P. Balkin
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Chief Executive Officer
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Exhibit 99.1
Horizon Technology Finance Announces First Quarter 2026 Financial Results
- Successfully Completed Merger with Monroe Capital Corporation in April -
- First Quarter 2026 Net Investment Income per Share of $0.19; NAV per Share of $6.98 -
- Debt Portfolio Yield of 15.2% -
- Ends Quarter with Committed Backlog of $180 Million -
Farmington, Connecticut – May 5, 2026 – Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon” or the “Company”), an affiliate of Monroe Capital, today announced its financial results for the first quarter ended March 31, 2026.
First Quarter 2026 and Recent Highlights
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● |
In April, successfully completed merger with Monroe Capital Corporation (“MRCC”), receiving approximately $141.1 million in cash and issuing 20,370,645 shares of common stock in the aggregate to MRCC stockholders |
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Created a new joint venture, RoHo Capital Opportunity Fund LLC, with CR Financial Holdings, Inc., the holding company for Roth Capital Partners, LLC (“Roth”) |
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Net investment income (“NII”) of $9.0 million, or $0.19 per basic share, compared to $10.7 million, or $0.27 per basic share for the prior-year period |
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Total investment portfolio of $695.7 million as of March 31, 2026 |
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Net asset value of $333.9 million, or $6.98 per share as of March 31, 2026 |
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Annualized portfolio yield on debt investments of 15.2% for the quarter |
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Funded five loans totaling $120.0 million |
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Experienced liquidity events from two portfolio companies |
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Cash of $73.3 million and credit facility capacity of $284.0 million as of March 31, 2026 |
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Held portfolio of warrant and equity positions in 91 companies as of March 31, 2026 |
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● |
Undistributed spillover income of $0.52 per share as of March 31, 2026 |
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Subsequent to quarter end, declared regular cash distributions of $0.06 per share payable in July, August and September 2026 and, in accordance with the Company’s previously announced intent to make additional distributions with its undistributed net investment income, or “spillover” income”, special cash distributions of $0.03 per share payable in July, August and September 2026 |
“We are thrilled to have successfully completed our merger with MRCC and are excited to accelerate the next chapter of Horizon,” said Mike Balkin, Chief Executive Officer of Horizon. “Strengthened by the infusion of significant new capital from the merger, as well as the backing of Monroe Capital’s resources, expertise and ability to participate in larger-size, high-quality originations, we expect our efforts to compete and win attractive debt investment opportunities will result in strong portfolio and pipeline growth. We also are excited to jumpstart the RoHo JV with Roth as our partner. RoHo offers the venture market another compelling option for growth financing and will help contribute to growth in our portfolio and pipeline.”
“For the quarter, we were pleased to grow our portfolio for the second consecutive quarter, while delivering NII that exceeded our distributions and experiencing stable credit,” added Mr. Balkin. “Moving forward, with a strengthened balance sheet and robust pipeline, we believe we are in an excellent position to execute on our growth strategy, to continue as a leading financial partner to the innovation economy and ultimately to drive long-term value creation for shareholders.”
First Quarter 2026 Operating Results
Total investment income for the quarter ended March 31, 2026 was $24.1 million, compared to $24.5 million for the quarter ended March 31, 2025, primarily due to lower interest income on debt investments from a smaller debt investment portfolio.
The Company’s dollar-weighted annualized yield on average debt investments for the quarter ended March 31, 2026 and 2025 was 15.2% and 15.0%, respectively. The Company calculates the dollar-weighted annualized yield on average debt investments for any period measured as (1) total investment income (excluding dividend income) during the period divided by (2) the average of the fair value of debt investments outstanding on (a) the last day of the calendar month immediately preceding the first day of the period and (b) the last day of each calendar month during the period. The dollar-weighted annualized yield on average debt investments is higher than what investors will realize because it does not reflect expenses or any sales load paid by investors.
Total expenses for the quarter ended March 31, 2026 were $14.8 million, compared to $13.4 million for the quarter ended March 31, 2025. The increase was primarily due to a $1.8 million increase in incentive fees, partially offset by a $0.5 million decrease in interest expense and a $0.1 million decrease in base management fee due to a lower average weighted size of the portfolio in the quarter.
Net investment income for the quarter ended March 31, 2026 was $9.0 million, or $0.19 per basic share, compared to $10.7 million, or $0.27 per basic share, for the quarter ended March 31, 2025.
For the quarter ended March 31, 2026, net realized loss on investments was $0.2 million, compared to a slight net realized gain on investments for the quarter ended March 31, 2025. For the quarter ended March 31, 2026, net realized loss on extinguishment of debt was $1.4 million, or $0.03 per basic share.
For the quarter ended March 31, 2026, net unrealized depreciation on investments was $4.6 million, or $0.10 per basic share, compared to net unrealized depreciation on investments of $32.2 million, or $0.80 per basic share, for the prior-year period.
Portfolio Summary and Investment Activity
As of March 31, 2026, the Company’s debt portfolio consisted of 41 secured loans with an aggregate fair value of $645.6 million. In addition, the Company’s total warrant, equity and other investments in 99 portfolio companies had an aggregate fair value of $50.1 million. Total portfolio investment activity for the three months ended March 31, 2026 and 2025 was as follows:
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($ in thousands) |
For the Three Months Ended March 31, |
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2026 |
2025 |
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Beginning portfolio |
$ | 647,244 | $ | 697,891 | ||||
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New debt and equity investments |
120,004 | 102,439 | ||||||
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Less refinanced debt balances |
(30,000 | ) | (28,750 | ) | ||||
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Net new debt and equity investments |
90,004 | 73,689 | ||||||
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Principal payments received on investments |
(4,884 | ) | (11,171 | ) | ||||
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Early pay-offs and principal paydowns |
(33,164 | ) | (39,574 | ) | ||||
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Payment-in-kind interest on investments |
1,278 | 285 | ||||||
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Accretion of debt investment fees |
1,619 | 1,388 | ||||||
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New debt investment fees |
(1,585 | ) | (804 | ) | ||||
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Warrants received in settlement of fee income |
— | 5 | ||||||
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Proceeds from sale of investments |
(104 | ) | (1 | ) | ||||
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Net realized (loss) gain on investments |
(161 | ) | 1 | |||||
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Net unrealized depreciation on investments |
(4,600 | ) | (32,156 | ) | ||||
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Other |
50 | — | ||||||
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Ending portfolio |
$ | 695,697 | $ | 689,553 | ||||
Portfolio Asset Quality
The following table shows the classification of Horizon’s loan portfolio at fair value by internal credit rating as of March 31, 2026 and December 31, 2025:
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($ in thousands) |
March 31, 2026 |
December 31, 2025 |
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Number of Investments |
Debt Investments at Fair Value |
Percentage of Debt Investments |
Number of Investments |
Debt Investments at Fair Value |
Percentage of Debt Investments |
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Credit Rating |
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| 4 | 5 | $ | 71,009 | 11.0 | % | 5 | $ | 72,213 | 12.1 | % | |||||||||||||||
| 3 | 28 | 500,119 | 77.4 | % | 25 | 445,790 | 74.8 | % | |||||||||||||||||
| 2 | 4 | 50,208 | 7.8 | % | 4 | 53,503 | 9.0 | % | |||||||||||||||||
| 1 | 4 | 24,293 | 3.8 | % | 4 | 24,519 | 4.1 | % | |||||||||||||||||
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Total |
41 | $ | 645,629 | 100.0 | % | 38 | $ | 596,025 | 100.0 | % | |||||||||||||||
As of March 31, 2026 and December 31, 2025, Horizon’s loan portfolio had weighted average credit ratings of 3.0 and 2.9, respectively, with 4 being the highest credit quality rating and 3 being the rating for a standard level of risk. A rating of 2 represents an increased level of risk and, while no loss is currently anticipated for a 2-rated loan, there is potential for future loss of principal. A rating of 1 represents deteriorating credit quality and high degree of risk of loss of principal.
As of March 31, 2026, there were four debt investments with an internal credit rating of 1, with an aggregate cost of $33.1 million and an aggregate fair value of $24.3 million. As of December 31, 2025, there were four debt investments with an internal credit rating of 1, with an aggregate cost of $33.8 million and an aggregate fair value of $24.5 million.
Liquidity and Capital Resources
As of March 31, 2026, the Company had $105.3 million in available liquidity, consisting of $73.3 million in cash and money market funds, and $32.0 million in funds available under existing credit facility commitments.
As of March 31, 2026, there was $45.0 million in outstanding principal balance under the $150.0 million revolving credit facility (“Key Facility”). The Key Facility allows for an increase in the total loan commitment up to an aggregate commitment of $300.0 million. There can be no assurance that any additional lenders will make any commitments under the Key Facility.
As of March 31, 2026, there was $181.0 million in outstanding principal balance under the $250 million senior secured debt facility with a large U.S.-based insurance company at an interest rate of 6.57%.
Additionally, as of March 31, 2026, there was $90.0 million in outstanding principal balance under the $200 million senior secured credit facility with a large U.S.-based insurance company at an interest rate of 7.21%.
On October 17, 2024, the Company entered into a note purchase agreement, by and among the Company, and each purchaser named therein, in connection with the issuance and sale of $20.0 million aggregate principal of the Company’s 7.125% convertible notes due 2031 (the “2031 Convertible Notes”). As of March 31, 2026, the aggregate outstanding principal balance of the 2031 Convertible Notes was $2.8 million.
On September 4, 2025, the Company entered into a note purchase agreement, by and among the Company, and each purchaser named therein, in connection with the issuance and sale of $40.0 million aggregate principal of the Company’s 5.50% convertible notes due 2030 (the “2030 Convertible Notes”). During the quarter ended March 31, 2026, the holders of a portion of the 2030 Convertible Notes converted $15.1 million in outstanding principal of the 2030 Convertible Notes plus accrued but unpaid interest on such outstanding principal as of the conversion date into 2,118,250 shares of common stock at a weighted average conversion price of $7.12, together with cash in lieu of fractional shares, in accordance with noteholder conversion notice. As of March 31, 2026, the aggregate outstanding principal balance of the 2030 Convertible Notes was $16.5 million.
As of March 31, 2026, the Company’s net debt to equity leverage ratio was 113%, below the Company’s 120% targeted leverage. The asset coverage ratio for borrowed amounts was 174%.
Liquidity Events
During the quarter ended March 31, 2026, Horizon experienced liquidity events from two portfolio companies. Liquidity events for Horizon may consist of the sale of warrants or equity in portfolio companies, loan prepayments, sale of owned assets or receipt of success fees.
In March, with the proceeds of a new loan from HRZN, a portfolio company paid its outstanding principal balance of $30.0 million on its venture loan, plus interest and end-of-term payment. HRZN continues to hold warrants in the company.
In March, a portfolio company paid its outstanding principal balance of $32.5 million on its venture loan, plus interest, end-of-term payment and prepayment fee. HRZN continues to hold warrants in the company.
Net Asset Value
At March 31, 2026, the Company’s net assets were $333.9 million, or $6.98 per share, compared to $305.5 million, or $7.57 per share, as of March 31, 2025, and $318.5 million, or $6.98 per share, as of December 31, 2025.
For the quarter ended March 31, 2026, net increase in net assets resulting from operations was $2.8 million, or $0.06 per basic share, compared to a net decrease in net assets resulting from operations of $21.4 million, or $0.53 per basic share, for the quarter ended March 31, 2025.
Stock Repurchase Program
During the quarter ended March 31, 2026, the Company did not repurchase any shares of its common stock under its stock repurchase program. From the date of the inception of the Company’s stock repurchase program through March 31, 2026, the Company has repurchased 167,465 shares of its common stock at an average price of $11.22 on the open market at a total cost of $1.9 million. On May 1, 2026, the Company’s board of directors extended through June 30, 2027, the Company’s stock repurchase program which currently allows the Company to repurchase up to $10.0 million of its common stock at prices below the Company’s net asset value per share as reported in its most recent consolidated financial statements, provided such purchases, in the aggregate, do not exceed two percent (2%) of the shares outstanding at the time of purchase and such shares are purchased only when the such shares are trading below 90% of the Company's most recently disclosed net asset value per share.
Recent Developments
On April 1, 2026, the Company funded a $15.0 million debt investment to a new portfolio company, Stellar Cyber, Inc.
On April 14, 2026, the Company closed its merger with Monroe Capital Corporation. In connection with the closing of the merger, the Company received approximately $141.1 million in cash and issued 20,370,645 shares of its common stock in the aggregate, or 0.9402 shares of its common stock for each share of MRCC common stock, to MRCC stockholders (and payment of cash in lieu of fractional shares). Former MRCC stockholders and legacy stockholders of the Company own 29.86% and 70.14% of the combined company, respectively, immediately following the closing of the merger.
On April 14, 2026, the Company repaid the outstanding balance of $45.0 million on its Key Facility from the proceeds of its merger with MRCC.
On April 30, 2026, the Company funded a $3.0 million debt investment to a new portfolio company, Bastille Buyer, Inc.
On April 30, 2026, the Company funded a $4.0 million debt investment to a new portfolio company, Volt Bidco, Inc.
Monthly Distributions Declared in Second Quarter 2026
On May 1, 2026, the Company’s Board declared regular monthly cash distributions of $0.06 per share payable in each of July, August and September 2026, and, in accordance with the Company’s previously announced intent to make additional distributions with its undistributed net investment income, or “spillover” income, special monthly cash distributions of $0.03 per share payable in each of July, August and September 2026. The following tables show these monthly and special distributions, which total $0.27 per share:
Regular Monthly Distributions Payable in Third Quarter 2026
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Ex-Dividend Date |
Record Date |
Payment Date |
Amount per Share |
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June 17, 2026 |
June 17, 2026 |
July 15, 2026 |
$0.06 |
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July 16, 2026 |
July 16, 2026 |
August 14, 2026 |
$0.06 |
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August 17, 2026 |
August 17, 2026 |
September 15, 2026 |
$0.06 |
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Total: |
$0.18 |
Special Monthly Distributions Payable in Third Quarter 2026
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Ex-Dividend Date |
Record Date |
Payment Date |
Amount per Share |
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June 17, 2026 |
June 17, 2026 |
July 15, 2026 |
$0.03 |
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July 16, 2026 |
July 16, 2026 |
August 14, 2026 |
$0.03 |
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August 17, 2026 |
August 17, 2026 |
September 15, 2026 |
$0.03 |
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Total: |
$0.09 |
After paying distributions of $0.33 per share and earning net investment income of $0.19 per share for the quarter, the Company’s undistributed spillover income as of March 31, 2026 was $0.52 per share. Spillover income includes any ordinary income and net capital gains from the preceding tax years that were not distributed during such tax years.
The Company’s board of directors sets the level of distributions for each quarter based on its results of operations, spillover income and longer-term outlook, including expected operating results for the current fiscal year. When declaring distributions, the Company’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.
Conference Call
The Company will host a conference call on Wednesday, May 6, 2026 at 9:00 a.m. ET to discuss its latest corporate developments and financial results. To participate in the call, please dial (877) 407-9716 (domestic) or (201) 493-6779 (international). The access code for all callers is 13759343. The Company recommends joining the call at least 5 minutes in advance. In addition, a live webcast will be available on the Company’s website at www.horizontechfinance.com.
A webcast replay will be available on the Company’s website for 30 days following the call.
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 and private equity-backed companies and publicly traded 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 premier 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.
Contacts:
Investor Relations:
ICR
Garrett Edson
ir@horizontechfinance.com
(646) 200-8885
Media Relations:
ICR
Chris Gillick
HorizonPR@icrinc.com
(646) 677-1819
Horizon Technology Finance Corporation and Subsidiaries
Consolidated Statements of Assets and Liabilities
(Dollars in thousands, except share and per share data)
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March 31, |
December 31, |
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2026 |
2025 |
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(unaudited) |
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Assets |
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Non-affiliate investments at fair value (cost of $668,376 and $616,236, respectively) |
$ | 631,495 | $ | 584,100 | ||||
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Non-controlled affiliate investments at fair value (cost of $89,941 and $89,033, respectively) |
64,202 | 63,144 | ||||||
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Total investments at fair value (cost of $758,317 and $705,269, respectively) |
695,697 | 647,244 | ||||||
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Cash |
34,489 | 105,519 | ||||||
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Investments in money market funds |
36,139 | 34,711 | ||||||
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Restricted investments in money market funds |
2,634 | 2,463 | ||||||
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Interest receivable |
12,742 | 12,086 | ||||||
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Other assets |
9,946 | 9,081 | ||||||
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Total assets |
$ | 791,647 | $ | 811,104 | ||||
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Liabilities |
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Borrowings |
$ | 447,166 | $ | 473,027 | ||||
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Distributions payable |
2,872 | 15,053 | ||||||
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Base management fee payable |
1,041 | 975 | ||||||
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Incentive fee payable |
1,765 | — | ||||||
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Other accrued expenses |
4,940 | 3,547 | ||||||
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Total liabilities |
457,784 | 492,602 | ||||||
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Commitments and contingencies |
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Net assets |
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Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of March 31, 2026 and December 31, 2025 |
— | — | ||||||
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Common stock, par value $0.001 per share, 100,000,000 shares authorized, 48,027,471 and 45,781,280 shares issued and 47,860,006 and 45,613,815 shares outstanding as of March 31, 2026 and December 31, 2025, respectively |
53 | 51 | ||||||
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Paid-in capital in excess of par |
575,167 | 559,355 | ||||||
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Distributable loss |
(241,357 | ) | (240,904 | ) | ||||
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Total net assets |
333,863 | 318,502 | ||||||
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Total liabilities and net assets |
$ | 791,647 | $ | 811,104 | ||||
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Net asset value per common share |
$ | 6.98 | $ | 6.98 | ||||
Horizon Technology Finance Corporation and Subsidiaries
Consolidated Statements of Operations (Unaudited)
(Dollars in thousands, except share and per share data)
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For the Three Months Ended |
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March 31, |
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2026 |
2025 |
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Investment income |
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From non-affiliate investments: |
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Interest income |
$ | 21,073 | $ | 23,438 | ||||
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Payment-in-kind interest income |
437 | 77 | ||||||
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Fee income |
997 | 1,062 | ||||||
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From non-controlled affiliate investments: |
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Payment-in-kind interest income |
841 | — | ||||||
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Interest income |
731 | — | ||||||
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From controlled affiliate investments: |
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Payment-in-kind interest income |
— | 208 | ||||||
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Interest reversal |
— | (269 | ) | |||||
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Total investment income |
24,079 | 24,516 | ||||||
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Expenses |
||||||||
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Interest expense |
8,179 | 8,681 | ||||||
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Base management fee |
3,120 | 3,180 | ||||||
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Performance based incentive fee |
1,765 | — | ||||||
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Administrative fee |
640 | 406 | ||||||
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Professional fees |
757 | 725 | ||||||
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General and administrative |
380 | 427 | ||||||
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Total expenses |
14,841 | 13,419 | ||||||
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Net investment income before excise tax |
9,238 | 11,097 | ||||||
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Provision for excise tax |
267 | 378 | ||||||
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Net investment income |
8,971 | 10,719 | ||||||
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Net realized and unrealized loss |
||||||||
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Net realized (loss) gain on non-affiliate investments |
(161 | ) | 1 | |||||
|
Net realized (loss) gain on investments |
(161 | ) | 1 | |||||
|
Net realized loss on extinguishment of debt |
(1,432 | ) | — | |||||
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Net realized (loss) gain |
(1,593 | ) | 1 | |||||
|
Net unrealized depreciation on non-affiliate investments |
(4,750 | ) | (12,037 | ) | ||||
|
Net unrealized appreciation (depreciation) on non-controlled affiliate investments |
150 | (2 | ) | |||||
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Net unrealized depreciation on controlled affiliate investments |
— | (20,117 | ) | |||||
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Net unrealized depreciation on investments |
(4,600 | ) | (32,156 | ) | ||||
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Net realized and unrealized loss |
(6,193 | ) | (32,155 | ) | ||||
|
Net increase (decrease) in net assets resulting from operations |
$ | 2,778 | $ | (21,436 | ) | |||
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Net investment income per common share - basic |
$ | 0.19 | $ | 0.27 | ||||
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Net investment income per common share - diluted |
$ | 0.19 | $ | 0.27 | ||||
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Net increase (decrease) in net assets resulting from operations per common share - basic |
$ | 0.06 | $ | (0.53 | ) | |||
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Net increase (decrease) in net assets resulting from operations per common share - diluted |
$ | 0.06 | $ | (0.53 | ) | |||
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Weighted average shares outstanding - basic |
47,316,637 | 40,223,393 | ||||||
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Weighted average shares outstanding - diluted |
47,316,637 | 40,223,393 | ||||||
|
Distributions declared per share |
$ | 0.18 | $ | 0.33 | ||||