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8-K - FORM 8-K - Horizon Technology Finance Corp | w80883e8vk.htm |
Exhibit 99.1
Horizon Technology Finance Corporation Declares
Fourth Quarter Dividend of $0.22 per Share
Fourth Quarter Dividend of $0.22 per Share
FARMINGTON, CT December 15, 2010 Horizon Technology Finance Corporation (NASDAQ: HRZN)
(the Company), announced that its Board of Directors has declared a fourth quarter dividend of
$0.22 per share, payable on December 31, 2010 to stockholders of record on December 28, 2010. The
Company expects the dividend to be paid from taxable earnings since the Companys initial public
offering (IPO) with specific tax characteristics reported to stockholders after the end of the
calendar year.
As disclosed in connection with our IPO, we have declared this dividend reflecting the number of
days remaining in the fourth quarter of 2010 since the completion of our IPO, said Robert D.
Pomeroy, Jr., Chairman and Chief Executive Officer. To the extent declared by the Board of
Directors, we expect to announce the dividend for the first quarter of 2011 in mid May 2011.
The Companys dividend reinvestment plan (DRIP) provides for reinvestment of dividends, unless a
shareholder elects to receive cash. As a result, if the Companys Board of Directors declares a
cash dividend, the Companys shareholders who have not opted out of the Companys DRIP will have
their cash dividends automatically reinvested in additional shares of the Companys common stock,
rather than receiving cash dividends. If you are a Horizon shareholder and your shares of Horizon
common stock are held through a brokerage firm or other financial intermediary and you wish not to
participate in the DRIP, please contact your broker or other financial intermediary.
About Horizon Technology Finance Corporation
Horizon Technology Finance Corporation is a closed-end investment company that has elected to
be treated as a business development company under the Investment Company Act of 1940. The Company
makes secured loans to development-stage companies in the technology, life science, healthcare
information and services, and cleantech industries. The Company is externally managed by its
investment advisor, Horizon Technology Finance Management LLC.
Forward-Looking Statements
Statements included herein may constitute forward-looking statements, which relate to future
events or our future performance or financial condition. These statements are not guarantees of
future performance, condition or results and involve a number of risks and uncertainties. Actual
results may differ materially from those in the forward-looking statements as a result of a number
of factors, including those described from time to time in our filings with the Securities and
Exchange Commission. The Company undertakes no duty to update any forward-looking statement made
herein. All forward-looking statements speak only as of the date of this press release.
Contact
Horizon Technology Finance Corporation
Christopher M. Mathieu, 860-676-8653
www.horizontechnologyfinancecorp.com
Christopher M. Mathieu, 860-676-8653
www.horizontechnologyfinancecorp.com