Horizon Technology Finance Declares $0.06 Monthly Dividend for April Through June
Horizon Technology Finance Corp (NASDAQ: HZNF), a specialty finance company providing debt financing to venture capital-backed companies, declared monthly distributions of $0.06 per share for April, May and June 2026.
Horizon Technology Finance Corp (NASDAQ: HZNF), a specialty finance company providing debt financing to venture capital-backed companies, declared monthly distributions of $0.06 per share for April, May and June 2026. The board announced the three-month series on February 27, 2026, totaling $0.18 per share for the quarter. Read more dividend announcements.
The distributions represent a reduction from the company's prior payout level. Horizon distributed $1.32 per share in 2025, while the company's taxable earnings for the year came to $1.07 per share.
| Month | Amount per Share | Ex-Dividend Date | Record Date | Payment Date |
|---|---|---|---|---|
| April 2026 | $0.06 | March 16, 2026 | March 16, 2026 | April 15, 2026 |
| May 2026 | $0.06 | April 16, 2026 | April 16, 2026 | May 15, 2026 |
| June 2026 | $0.06 | May 18, 2026 | May 18, 2026 | June 16, 2026 |
Chief Executive Officer Mike Balkin said the board set the distribution level to align with anticipated net investment income and operating results for 2026, taking into account the expected impact of the company's anticipated merger with Monroe Capital Corporation.
Horizon held undistributed spillover income of $0.65 per share as of December 31, 2025. Spillover income includes ordinary income and net capital gains from prior tax years that were not distributed during those periods.
Fourth Quarter and Full Year Performance
The company reported net asset value of $318.5 million, or $6.98 per share, as of December 31, 2025. Net investment income for the fourth quarter totaled $10.5 million, or $0.23 per share.
Horizon's debt investment portfolio generated an annualized yield of 14.3% for the fourth quarter of 2025, down from 14.9% in the same period of 2024. Total investment income for the quarter dropped to $20.7 million from $23.5 million a year earlier, primarily due to a smaller debt investment portfolio.
During the fourth quarter, the company funded nine loans totaling $102.5 million and experienced liquidity events from three portfolio companies. For full year 2025, Horizon funded 28 loans totaling $277.5 million and had liquidity events from 23 portfolio companies.
The company held portfolio warrant and equity positions in 89 companies as of December 31, 2025. Cash stood at $142.7 million with credit facility capacity of $329.0 million at year end.
Net investment income for full year 2025 came to $44.4 million, or $1.05 per share, compared to $47.8 million, or $1.32 per share, for 2024. The annual portfolio yield on debt investments was 15.8% for 2025.