Horizon Technology Finance Corporation Announces Intent to Supplement Regular Monthly Distributions for Combined Company Stockholders Following Merger With Monroe Capital Corporation
Horizon Technology FinanceHorizon Technology Finance(US:HRZN) Businesswire·2026-03-10 13:15

Core Viewpoint - Horizon Technology Finance Corporation (HRZN) intends to supplement regular monthly distributions for stockholders following its merger with Monroe Capital Corporation (MRCC) to create near-term value for combined company stockholders [1] Summary by Relevant Sections Merger and Distribution Plans - HRZN's Board plans to use $27.6 million of undistributed taxable earnings as of December 31, 2025, to supplement monthly distributions for two quarters post-merger [1] - Anticipated supplemental distributions for the first quarter post-closing are expected to be between $0.02 to $0.04 per share per month [1] - MRCC plans to increase its final special distribution to legacy MRCC stockholders by $13.0 million ($0.61 per share), contingent upon stockholder approval of the merger [1] Financial Performance - HRZN reported a net investment income of $8.3 million, or $0.18 per basic share, for the fourth quarter of 2025, down from $10.4 million, or $0.27 per basic share, in the prior-year period [4] - The total investment portfolio of HRZN was valued at $647.2 million as of December 31, 2025 [4] Management Commentary - The CEO of HRZN expressed excitement about the merger and emphasized the commitment to creating long-term benefits for shareholders through strategic deployment of merger proceeds [1] Special Meeting and Voting - A special meeting for HRZN stockholders is scheduled for March 13, 2026, to discuss the merger [1] - Stockholders are encouraged to vote and can do so via a designated website or by phone [1]

Horizon Technology Finance Corporation Announces Intent to Supplement Regular Monthly Distributions for Combined Company Stockholders Following Merger With Monroe Capital Corporation - Reportify