Horizon Technology Finance NAV falls 11% to $6.23/share on $38.5M unrealized losses

Filed August 4, 2026 · Period ending August 4, 2026 · ~1 min read

Key Changes

• high

  NAV per share declined to $6.23 from $6.98 at year-end 2025, driven by $38.5M ($0.59/share) in net unrealized depreciation on investments, primarily from significant negative news about a single portfolio company in June.

  Exhibit 99.1 view on EDGAR →
• high

  Portfolio credit quality deteriorated: five debt investments now rated 5 (highest risk) with $31.3M fair value vs. $58.0M cost, and four rated 4 with $48.0M fair value vs. $57.1M cost.

  Exhibit 99.1 view on EDGAR →
• high

  Q2 2026 NII of $0.11/share included $0.07/share of non-recurring merger expenses related to the completed Monroe Capital Corporation merger, down from $0.28/share in Q2 2025.

  Exhibit 99.1 view on EDGAR →