Horizon Technology Finance Corporation Q1 FY2026 earnings call

Completed merger with Monroe Capital Corp., formed joint venture ROHO; portfolio grew for second consecutive quarter; net investment income $0.19 per share; intend to use $10 million stock repurchase program; debt investment portfolio yield over 15%; committed and approved backlog of $180 million; pipeline of loan opportunities growing

Portfolio grew for second consecutive quarter, funding $120 million in 5 investments, total portfolio size near $700 million; net investment income $0.19 per share; debt investment portfolio yield over 15%; committed and approved backlog of $180 million at quarter end

Board declared regular monthly distributions of $0.06 per share and special monthly distributions of $0.03 per share; aim to deploy incremental capital from merger and reach target leverage; expect NII at or above declared distributions; expect portfolio to further grow in Q2

Forward-looking statements subject to uncertainties; certain factors could cause actual results to differ from projected; details in SEC filings including Form 10-K

Q: Could you explain NAV flat this quarter and deployment of additional capital?

A: Explained NAV recording policy change and importance of credit quality in deploying capital; Q: Can you provide color on remaining non-accrual names?

A: Talked about non-accrual names and working to maximize returns on them