secwatch.observer — SEC 8-K summary
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Issuer:     Horizon Technology Finance Corp (HRZN)
CIK:        0001487428
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001437749-24-005716
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Tech Finance Q4 NII $0.45/sh; NAV drops to $9.71 from $11.47 YoY
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- Q4 2023 NII of $15.0M ($0.45/sh) vs $10.7M ($0.40/sh) YoY; full-year NII $61.4M ($1.98/sh).
- NAV per share fell to $9.71 from $11.47 at Dec 2022; net unrealized depreciation of $24.3M in Q4.
- Debt portfolio yield 16.8% in Q4, 16.6% for 2023; total investment portfolio $709.1M.
- Four debt investments rated credit 1 (highest risk) with fair value $27.6M; up from two in Sep 2023.
- Declared monthly distributions of $0.11/sh through June 2024 plus $0.05 special in April; spillover income $1.25/sh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487428/000143774924005716/0001437749-24-005716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487428/000143774924005716/hrzn20240222c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-005716

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer