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Horizon Technology Finance Announces Monthly Dividends For April, May And June 2014 Totaling $0.345 Per Share

FARMINGTON, Conn., March 11, 2014 (GLOBE NEWSWIRE) -- Horizon Technology Finance Corporation (Nasdaq:HRZN) ("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 cleantech industries, announced today that its board of directors declared monthly dividends of $0.115 per share payable in each of April, May and June 2014. These monthly dividends, payable as set forth in the table below, total $0.345 per share. Including the monthly dividends declared in the first quarter of 2014, Horizon has declared $5.27 per share in cumulative dividends since its October 2010 initial public offering.

Monthly Dividends Declared in First Quarter 2014
Declared Record Date Payment Date Amount Per Share
March 6, 2014 March 19, 2014 April 15, 2014 $0.115
March 6, 2014 April 17, 2014 May 15, 2014 $0.115
March 6, 2014 May 20, 2014 June 16, 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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