Key Highlights

  • Horizon declared regular monthly distributions of $0.06 per share plus special distributions of $0.03 for October through December 2026.
  • The November distribution is payable on November 16, 2026, to shareholders of record on October 16.
  • Second-quarter net investment income was $7.4 million, or $0.11 per basic share, after $0.07 of non-recurring merger expenses.
  • Net asset value was $6.23 per share at June 30, 2026, and the board approved repurchases of up to $20 million.

Horizon Technology Finance Corporation (NASDAQ:HRZN), a business development company that lends to venture capital and private equity-backed companies, declared regular monthly distributions of $0.06 per share plus special monthly distributions of $0.03 for October, November and December 2026. The November payment, due on November 16, goes to holders of record on October 16. The board declared the distributions on July 30, 2026.

Dividend Program and Shareholder Returns

On July 30, 2026, the board declared regular monthly cash distributions of $0.06 per share and special monthly distributions of $0.03 per share for each of October, November and December 2026.

The October distribution is payable on October 15, 2026, to holders of record on September 16. The November distribution is payable on November 16, 2026, to holders of record on October 16. The December distribution is payable on December 15, 2026, to holders of record on November 17.

Undistributed spillover income was $0.33 per share at June 30, 2026. On August 3, 2026, the board approved a repurchase of up to a total of $20 million of common stock.

About the Company

Horizon Technology Finance Corporation is a business development company that provides capital in the form of secured loans to venture capital and private equity-backed companies. Its shares trade on the Nasdaq. In April 2026 it completed a merger with Monroe Capital Corporation. At June 30, 2026, its investments were carried at a fair value of $676.7 million, against a cost of $777.9 million.

Financial Performance Behind the Payout

Total investment income for the second quarter was $25.0 million. Net investment income was $7.4 million, or $0.11 per basic share, compared with $11.4 million, or $0.28 per basic share, in the second quarter of 2025. The 2026 figure included $4.4 million, or $0.07 per basic share, of non-recurring merger expenses.

Net asset value was $417.5 million, or $6.23 per share, at June 30, 2026, compared with $6.98 at December 31, 2025 and $6.75 at June 30, 2025.

The annualized portfolio yield on debt investments was 14.9% for the quarter. Horizon funded nine loans totaling $72.7 million, and its committed backlog ended the quarter at $228 million. Cash was $135.0 million, and credit facility capacity was $329.0 million.

The Monroe Merger and the Portfolio After It

The company’s second-quarter release lists as a highlight that it “successfully completed merger with Monroe Capital Corporation.” The merger expenses of $4.4 million are the non-recurring item named in the quarter’s net investment income.

After quarter-end, the release reports debt fundings in July and early August 2026 to Glass Routes, Onkos Surgical, Ossio, StarCompliance Midco, Avive Solutions and Volt Bidco. It also reports a prepayment by Mirantis, a sale of the Havenly debt investment, and amendments to the Nuveen and NYL facilities.

Outlook

Horizon’s board has declared regular monthly distributions of $0.06 per share and special monthly distributions of $0.03 per share through December 2026.

Net investment income per share, undistributed spillover income, net asset value, the portfolio yield on debt investments and the board’s monthly declarations are the relevant factors for the distributions.