HRZN and MRCC shareholders approve merger; combined company to trade as HRZN

Horizon Technology Finance Corp

HRZN shareholders approved stock issuance with 83% support; MRCC shareholders approved merger (88%) and asset sale.
Pre-merger distribution to MRCC shareholders expected ~$15.9M ($0.75/share), contingent on closing.
Exchange ratio based on NAV/share of each company determined shortly before closing.
HTFM waives $4M in management/incentive fees over four quarters post-merger.
Expected closing within 30 days; HRZN will use $27.6M undistributed earnings for supplemental distributions.

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