Horizon Tech Finance Q3 NII $0.53/sh, NAV falls to $10.41 on credit losses; declares $0.38/sh distributions

Horizon Technology Finance Corp

NII of $17.4M ($0.53/sh) vs $11.1M ($0.43/sh) a year ago; debt portfolio yield 17.1%.
NAV per share $10.41, down from $11.47 at Dec 2022, due to $11.8M realized loss and $17.5M unrealized depreciation.
Declared monthly distributions of $0.11/sh for Jan-Mar 2024 plus special $0.05/sh in Dec 2023; total $0.38/sh.
Subsequent to quarter end, Evelo equity fair value dropped from $8.5M to $1.1M after $11M loan paydown.
ATM raised $13.9M net; undistributed spillover income $1.23/sh.

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 0.7

Horizon Technology Finance Corp reported financial results for the third quarter ended September 30, 2023.

Period: the third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On October 31, 2023, Horizon Technology Finance Corporation (the “ Company ”) issued a press release announcing its financial results for the three months ended September 30, 2023.

View on SEC.gov

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

Horizon Technology Finance Corp filing history →

Source: SEC EDGAR

accession 0001437749-23-029523

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.