Horizon Technology Q1 NII $0.46/share, portfolio yield 16.3%, NAV $11.34

Horizon Technology Finance Corp

Q1 2023 NII $13.0M ($0.46/share) vs $5.7M ($0.26) YoY; quarterly distributions total $0.33/share.
Annualized debt portfolio yield 16.3%, up from 12.4% a year ago; total portfolio $715M (+39% YoY).
NAV per share $11.34 at March 31, 2023 vs $11.47 at Dec 2022; net unrealized depreciation $7.5M.
Three loans rated highest risk (rating 1) with $5.3M fair value; weighted average credit rating 3.0.
Adviser HTFM agreed to be acquired by Monroe Capital affiliate; declared $0.11 monthly for July–Sept.

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 0.9

Horizon Technology Finance Corp reported financial results for the first quarter ended March 31, 2023.

Period: the first quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 2, 2023, Horizon Technology Finance Corporation (the " Company ") issued a press release announcing its financial results for the three months ended March 31, 2023.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

Horizon Technology Finance Corp filing history →

Source: SEC EDGAR

accession 0001437749-23-012098

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