Horizon Technology Finance Reports Strong Q3 2023 Financial Results

Horizon Technology Finance Corporation has announced its financial results for the third quarter ended September 30, 2023. The company reported net investment income of $17.4 million, or $0.53 per share, compared to $11.1 million, or $0.43 per share, for the same period last year. The total investment portfolio grew to $729.1 million, with a net asset value of $346.6 million, or $10.41 per share. The debt portfolio yield was 17.1% for the quarter. Horizon funded eight loans totaling $88.4 million and raised $13.9 million through its ATM offering program. The company also declared regular monthly distributions totaling $0.33 per share through March 2024 and a special distribution of $0.05 per share payable in December 2023.

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