Horizon Technology Q3 NII $0.43/share; ups monthly dividend by 10% to $0.11

Horizon Technology Finance Corp

NII $11.1M ($0.43/share) vs $8.0M ($0.40) YoY; debt portfolio yield 15.9%.
Portfolio grew 40% YoY to record $634.6M; committed backlog $309M (record $252M in HRZN commitments).
NAV $11.66/share; undistributed spillover income $0.67/share as of Sept 30, 2022.
Regular monthly distribution increased 10% to $0.11/share starting Jan 2023; special $0.05 declared for Dec 2022.
Subsequent: priced $100M securitization at 7.56% coupon; expected to close Nov 9, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Horizon Technology Finance Corp reported financial results for the third quarter ended September 30, 2022.

Period: the third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 1, 2022, Horizon Technology Finance Corporation (the “ Company ”) issued a press release announcing its financial results for the three and nine months ended September 30, 2022. A copy of this press release is attached hereto as Exhibit 99.1.

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Horizon Technology Finance Corp filing history →

Source: SEC EDGAR

accession 0001437749-22-025377

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