Horizon Technology Finance Announces Monthly Distributions For January, February And March 2017 Totaling $0.30 Per Share

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                                                         
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  
        Total:   $ 0.30  
                 

"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.

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