Reminder: Horizon Technology Finance To Pay Monthly Dividends Of $0.115 Per Share For Each Of January, February And March 2013

FARMINGTON, Conn., Jan. 15, 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, announced today that its Board of Directors previously declared monthly dividends of $0.115 per share for each of January, February and March 2013.

These monthly dividends, which will be payable as set forth in the table below, total $0.345 per share for the first quarter of 2013. Including the monthly dividends declared for the first quarter of 2013, Horizon has declared $3.545 per share in cumulative dividends since its October 2010 initial public offering.

Summary of First Quarter 2013 Monthly Dividends
Declared Ex-Dividend Date Record Date Payment Date Amount Per Share
11/27/2012 12/18/2012 12/20/2012 1/15/2013 $0.115
11/27/2012 1/16/2013 1/18/2013 2/15/2013 $0.115
11/27/2012 2/19/2013 2/21/2013 3/15/2013 $0.115
   Total for First Quarter 2013: $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.

If you liked this article you might like

Dividend Watch: 3 Stocks Going Ex-Dividend Monday: HRZN, GHC, WST

3 Buy-Rated Dividend Stocks Taking The Lead: OFS, MRCC, HRZN

3 Stocks Going Ex-Dividend Monday: HRZN, PFLT, WST

What To Hold: 3 Hold-Rated Dividend Stocks SPKE, CRT, HRZN

3 Stocks With Upcoming Ex-Dividend Dates: FCO, HRZN, AFT