Globenewswire·2026-03-16 13:15Core Viewpoint - The shareholders of Horizon Technology Finance Corporation (HRZN) and Monroe Capital Corporation (MRCC) have overwhelmingly approved the merger between the two companies, along with the related asset sale of MRCC's assets to Monroe Capital Income Plus Corporation (MCIP) [1][2]. Group 1: Shareholder Approval - HRZN shareholders supported the HRZN Share Issuance Proposal with over 83% approval [2] - MRCC shareholders voted in favor of the proposed merger and asset sale with over 88% approval [2] Group 2: Transaction Details - MCIP will purchase substantially all of MRCC's assets for cash at fair value before the merger takes effect [3] - Following the asset sale, MRCC will merge with HRZN, with HRZN remaining as the public entity trading on NASDAQ [3] - The anticipated closing date for the merger is expected within the next 30 days [4] Group 3: Management and Strategic Benefits - The merger is expected to unlock significant value for shareholders and enhance HRZN's growth capital for long-term strategic initiatives [5] - The combined entity is projected to generate meaningful synergies, cost efficiencies, and stronger risk-adjusted returns for shareholders [5] - The merger aims to strengthen HRZN's position in the venture lending market by increasing scale and earnings potential [5] Group 4: Financial Distributions - MRCC plans a one-time cash distribution of $13 million to legacy shareholders, alongside a pre-merger closing distribution totaling approximately $15.9 million [6] - HRZN's Board intends to use $27.6 million of current undistributed taxable earnings to supplement regular monthly distributions for two quarters post-merger [11] - MRCC shareholders will receive newly issued shares of HRZN common stock based on the net asset value per share ratio during the merger [11] Group 5: Fee Waivers - HTFM has agreed to waive $4 million in management and incentive fees over the first four fiscal quarters following the merger [11]