HRZN Reports Earnings

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Wednesday, March 4, 2026 astatine 9 a.m. ET

• Chief Executive Officer — Michael P. Balkin

• Chief Investment Officer — Paul Seitz

• Chief Financial Officer — Daniel Trolio

Michael P. Balkin: Welcome everyone, and convey you for your involvement successful Horizon Technology Finance Corporation. Today, we volition update you connected our quarterly show and the existent operating environment. Paul Seitz, our Chief Investment Officer, volition instrumentality america done caller concern and portfolio developments arsenic good arsenic the existent presumption of the task lending market, and Dan Trolio, our Chief Financial Officer, volition item our operating show and fiscal condition. We volition past instrumentality questions. 2025 was a twelvemonth of translation for Horizon Technology Finance Corporation successful galore respects.

While we navigated a fig of micro and macro challenges passim the year, we judge we person begun to successfully laic the groundwork for Horizon Technology Finance Corporation to win implicit the longer term. While the authorities shutdown successful the 4th fourth led to our merger with MRCC being delayed into 2026, we are excited to beryllium holding our peculiar gathering soon and hopefully closing the merger successful the weeks ahead. As a reminder, closing the merger volition importantly summation Horizon Technology Finance Corporation’s superior disposable for concern successful earning assets and let it to instrumentality vantage of greater economies of standard successful the combined vehicle.

Additionally, Monroe Capital, which is the genitor institution of Horizon Technology Finance Management, volition beryllium continuing to supply ongoing enactment to the post-merger company. As a result, we expect you volition spot an adjacent much coordinated and synergistic effort betwixt Monroe and Horizon Technology Finance Corporation successful 2026, which is already evidenced by Horizon Technology Finance Corporation’s archetypal 4th co-investment with Monroe successful a task indebtedness to Osseo. With Horizon Technology Finance Corporation’s larger superior basal and Monroe’s quality to co-invest, we expect to originate larger task loans to cutting-edge aboriginal and aboriginal signifier task superior and institutional-backed companies arsenic good arsenic small-cap nationalist companies.

The merger, moving with Monroe, and expanding our quality to money larger transactions volition let america to bring the Horizon Technology Finance Corporation level to the adjacent level. I could not beryllium much excited for Horizon Technology Finance Corporation’s future. Turning to our circumstantial results for the quarter, we generated nett concern income of $0.18 per share, portion our NAV per stock ended the twelvemonth astatine $6.98. Based connected our outlook, our undistributed spillover income, and the anticipated completion of our merger with MRCC, our Board declared regular monthly distributions of $0.06 per stock payable successful April, May, and June 2026.