"Horizon earned net investment income of $0.18 per share in Q4 2025, missing the $0.2916 consensus by 38%. This aligns with the new payout of $0.06 per month."
"NAV per share dropped from $8.43 at year-end 2024 to $6.98 at year-end 2025, a 17% erosion driven by $55.1 million in realized losses."
"The combined entity holds about $471.7 million in net assets and $141.1 million in cash, providing scale to write larger venture loans."
The merger between Horizon Technology Finance and Monroe Capital closed on April 14, 2026, but shareholders are disappointed due to a dividend cut from $0.11 to $0.06 per share. Horizon, a Business Development Company, makes secured loans to technology and healthcare firms, but its net investment income fell short of expectations. The net asset value dropped significantly, indicating financial strain. The merger aimed to enhance scale for larger loans, but concerns remain about the sustainability of dividends and future cuts.
Read at 24/7 Wall St.
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