The members of the Horizon team have, collectively, originated and invested more than $5 billion in venture loans to thousands of companies. Here’s the neat part: because Horizon is structured as a business development company (BDC), it must return at least 90% of its profits to investors through dividends. 47912 Halyard Dr, Suite 100 Plymouth, Michigan 48170. Headquartered in Farmington, Connecticut, Horizon Technology Finance Corporation (NASDAQ: HRZN) is managed by its advisor Horizon Technology Finance Management LLC. No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder. © Copyright 2020: Income Investors. Now, you may be wondering how this ultra-high yielder manages to maintain its payout. 06032, Horizon Technology Finance Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It also involves in lending and investing in portfolio companies in technology, life science, healthcare information and services, and cleantech industries. Lending to venture-capital-backed companies in fast-growing industries is very lucrative. Horizon Technology Finance Corporation operates as an externally managed, closed-end, non-diversified management investment company. Headquartered in Farmington, Connecticut, Horizon Technology Finance Corporation (NASDAQ: HRZN) is managed by its advisor Horizon Technology Finance Management LLC. The distribution level reflects our outlook for the remainder of 2020 and the beginning of 2021 and our spillover income at September 30. All rights reserved. Check out our privacy policy. This balance of debt and equity capital makes Horizon a perfect partner for its portfolio companies, their employees and their investors. Headquartered in Farmington, CT, the company’s investment objective is to “maximize our investment portfolio’s return by generating current income from the debt investments we make and capital appreciation from the warrants we receive when making such debt investments.” (Source: “Fact Sheet,” Horizon Technology Finance Corp, last accessed November 11, 2020. Horizon’s goal is not to simply get a deal done, but to provide a successful financing solution that will propel a portfolio company forward. Like its portfolio companies, Horizon is optimistic and forward-looking. Horizon offers growth-oriented loans to finance a variety of business activities. LendingPartner. Reston, VA In the third quarter of 2020, the annualized portfolio yield on Horizon’s debt investments was 15.1%. Undistributed spillover income can be used to fund shareholder distributions in future periods, providing an additional level of dividend safety. Company Participants. On corrections up, there will be some resistance from the lines at $11.73 and $12.31. 3 High-Yield Pipeline Stocks Paying Up to 15%, Retailer Issues Massive $4.4-Billion Special Dividend to Shareholders, These Are the Highest-Yielding Consumer Staples Stocks, Insurer Authorizes Special Dividend to Shareholders, Main Street Capital Corporation: Monthly Dividend Stock Yields 7.7%, Enable Midstream Partners LP: This 11.3% Yielder Looks Interesting, Realty Income Corp: Delivering 3 Consecutive Dividend Hikes Despite the Pandemic, Johnson & Johnson: 3 Reasons to Check Out This Dividend Giant Now. 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