|Ex-Dividend Date||Record Date||Payment Date||Amount Per Share|
|December 16, 2016||December 20, 2016||January 13, 2017||$||0.10|
|January 17, 2017||January 19, 2017||February 15, 2017||$||0.10|
|February 17, 2017||February 22, 2017||March 15, 2017||$||0.10|
FARMINGTON, Conn., Nov. 01, 2016 (GLOBE NEWSWIRE) -- Horizon Technology Finance Corporation (NASDAQ:HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries, announced today that its board of directors has declared monthly cash distributions of $0.10 per share payable in each of January, February and March 2017. These monthly distributions, payable as set forth in the table below, total $0.30 per share. Including the monthly distributions declared in the fourth quarter of 2016, Horizon has declared $9.02 per share in cumulative distributions since its October 2010 initial public offering. Monthly Distributions Declared in Fourth Quarter 2016
"Our management and our Board of Directors reduced our distributions from its previous level after careful consideration of the lower size of our investment portfolio and consistent with our policy of setting distributions that are covered by net investment income over time," said Robert D. Pomeroy, Jr., Chairman and Chief Executive Officer of Horizon.