FARMINGTON, Conn., Nov. 7, 2013 (GLOBE NEWSWIRE) -- Horizon Technology Finance Corporation (Nasdaq:HRZN) (the "Company" or "Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and clean-tech industries, previously announced that its Board of Directors declared monthly dividends of $0.115 per share for each of January, February and March 2014. The previous dividend announcement incorrectly reported the ex-dividend dates with respect to the February 17, 2014 and March 17, 2014 dividend payment dates. Because the previously announced record dates for the February 17, 2014 and the March 17, 2014 dividend payments each fall on a NASDAQ holiday, the ex-dividend date for the dividend payable on February 17, 2014 will be January 15, 2014, and the ex-dividend date for the dividend payable on March 17, 2014 will be February 12, 2014. Set forth in the table below are the correct dates for all of the monthly dividends declared on November 1, 2013.
Monthly Dividends Declared in Fourth Quarter 2013
|Declared||Ex-Dividend Date||Record Date||Payment Date||Amount Per Share|
|November 1, 2013||December 12, 2013||December 16, 2013||January 15, 2014||$0.115|
|November 1, 2013||January 15, 2014||January 20, 2014||February 17, 2014||$0.115|
|November 1, 2013||February 12, 2014||February 17, 2014||March 17, 2014||$0.115|
When declaring dividends, the Horizon Board of Directors reviews estimates of taxable income available for distribution, which may differ from consolidated net income under generally accepted accounting principles due to (i) changes in unrealized appreciation and depreciation, (ii) temporary and permanent differences in income and expense recognition, and (iii) the amount of spillover income carried over from a given year for distribution in the following year. The final determination of taxable income for each tax year, as well as the tax attributes for dividends in such tax year, will be made after the close of the tax year.
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