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Horizon Technology Finance Announces Earlier Payment Date For Monthly Dividend Payable In February 2014 And Provides Notice Of Effective Record Dates For Monthly Dividends Payable In February And March

FARMINGTON, Conn., Jan. 16, 2014 (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 payable for each of January, February and March 2014. Due to the fact that February 17, 2014 is a bank holiday, the Company shall pay the $0.115 per share previously announced to be paid on February 17, 2014, on February 14, 2014.

Additionally, because each of the previously declared record dates for the February 14, 2014 and the March 17, 2014 dividend payments fall on a NASDAQ holiday, the dividends payable on February 14, 2014 shall be payable to shareholders of record effective on January 17, 2014 and the dividends payable on March 17, 2014 shall be payable to shareholders of record effective on February 14, 2014. The previously announced ex-dividend dates remain the same. 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
Ex-Dividend Date Record Date Effective Record Date Payment Date Per Share
December 12, 2013 December 16, 2013 December 16, 2013 January 15, 2014 $0.115
January 15, 2014 January 20, 2014 January 17, 2014 February 14, 2014 $0.115
February 12, 2014 February 17, 2014 February 14, 2014 March 17, 2014 $0.115
      Total: $0.345

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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