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Horizon offers growth-oriented loans to finance a variety of business activities. No credit card required. Horizon provides portfolio companies with meaningful debt capital that can be used like equity capital, but that has a much lower cost and dilution to investors and employees. Now, you may be wondering how this ultra-high yielder manages to maintain its payout. Horizon’s goal is not to simply get a deal done, but to provide a successful financing solution that will propel a portfolio company forward. Horizon Technology Finance Corp HRZN Morningstar Rating Rating as of Dec 7, 2020. This upfront communication serves as a gateway to a smooth underwriting and approval process. Horizon Technology Finance is an externally managed, non-diversified, closed-end investment company. Co.'s investment objective is to maximize its investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. About Horizon Technology Finance. At the end of September, the company’s debt portfolio consisted of 34 secured loans, with an aggregate fair value of $298.9 million. In other words, the pass-through structure of BDCs is one of the reasons behind HRZN stock’s oversized dividends. Will Margiloff Business Description Horizon Technology Finance Corp. is a finance company, which engages in the provision of capital in the form of secured loans to venture capital backed companies. ), With a strong focus on income generation, most of Horizon’s portfolio is invested in debt instruments. The Company's investment objective is to maximize investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. The Registered Agent on file for this company is Mike Nazha and is located at 6613 Barrie, Dearborn, MI 48126. Horizon Technology Finance The distribution level reflects our outlook for the remainder of 2020 and the beginning of 2021 and our spillover income at September 30. https://www.incomeinvestors.com/horizon-technology-finance-corp-solid-10-percent-yielder/58857/, Horizon Technology Finance Corp: Solid 10.3% Yielder with Monthly Payments. FARMINGTON, Conn. (AP) _ Horizon Technology Finance Corp. (HRZN) on Tuesday reported a third-quarter loss of $3.3 million, after reporting a profit … Here’s the neat part: because Horizon is structured as a business development company (BDC), it must return at least 90% of its profits to investors through dividends. While the amount represented a decline from the $0.42 per share earned in the year-ago period, it was in excess of the company’s three monthly dividends totaling $0.30 per share paid for the quarter. With Horizon’s industry knowledge and proven reliability as a capital source, combined with its long-standing relationships in the venture capital community, the Horizon team shares the optimism of its portfolio companies and their commitment to overcome any obstacles to success. Horizon’s financing solutions are tailored to each company’s unique funding needs and business and development plans. This is an entirely free service. Diagnostics, medical records, digital health, patient management software. Horizon Technology Finance Corporation is an externally managed, closed-end, non-diversified management investment company. At the same time, it makes more frequent distributions than most companies. 312 Farmington Avenue No credit card required. Find the latest dividend history for Horizon Technology Finance Corporation Common Stock (HRZN) at Nasdaq.com. NEW YORK, NY / ACCESSWIRE / November 4, 2020 / Horizon Technology Finance Corp. Barron's provides information on holdings, historical returns and other key fund data. Horizon realizes that the success of its portfolio companies is not solely dependent on financing alone. At this point, it’s important to remember that, as is the case with any stock, HRZN stock’s dividends are not carved in stone. Horizon Technology Finance Corp (NASDAQ:HRZN) Q3 2020 Earnings Conference Call November 4, 2020 9:00 AM ET. CFO and Chief Operating Officer of Palatin, CFO and Chief Operating Officer of Palatin, Security: First lien or first lien behind a bank revolver. 47912 Halyard Dr, Suite 100 Plymouth, Michigan 48170. Horizon balances its inherent optimism with a selective origination and a rigorous underwriting process. 94566, Horizon Technology Finance As the world’s largest distributor of factory recertified drives for Seagate, WDC, and Toshiba, we offer unparalleled technical expertise and the highest levels of … dtrolio@horizontechfinance.com, Horizon Technology Finance Suite 500 You can opt-out at anytime. Horizon Technology Finance Corp is based out of Farmington. So, the big question now is: Can the company afford its current payout level? 20190, “With their experience in lending to healthcare and technology companies, Horizon was able to structure a financing facility that met our specific needs.”, Steve Krupa Sound too good to be true? Co.'s investment objective is to maximize its investment portfolio's total return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Also, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. No credit card required. Horizon is a leading venture lending platform that thoughtfully and creatively provides structured debt products to life science and technology companies. Horizon Technology Finance Corp. Stock (NASDAQ) HRZN Dividend policy No Change Price as of: DEC 09, 11:00 AM EDT $12.84 -0.11 -0.85% HRZN: NASDAQ (Stock) Horizon Technology Finance Corp. Dividend policy No Change Price as of: DEC 09, 11:00 AM EDT $12.84 -0.11 -0.85% Horizon Technology Finance Corporation operates as an externally managed, closed-end, non-diversified management investment company. We hate spam as much as you do. Senior Vice President & CFO Farmington, CT This balance of debt and equity capital makes Horizon a perfect partner for its portfolio companies, their employees and their investors. At the same time, it makes more frequent distributions than most companies. Since 2004, Horizon has directly originated and invested more than $2 billion in venture loans to more than 250 growing companies. Horizon’s venture debt products have become a valuable tool in the equity investors’ toolbox to fund the growth of its portfolio companies, while maximizing returns on equity. After all, a 10-year U.S. government bond yields a measly 0.8%, while the average dividend yield of S&P 500 companies stands at just 1.7%. (Source: “Horizon Technology Finance Announces Monthly Distributions for January, February and March 2021 Totaling $0.30 per Share,” Horizon Technology Finance Corp, November 3, 2020.). Horizon Technology Finance Corp is a specialty finance company. 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