Horizon Technology Finance Corporation announced that its shareholders approved the issuance of common stock for the proposed merger with Monroe Capital Corporation at a special meeting on March 13, 2026, with over 83% support. Monroe Capital Corporation shareholders approved the merger and related asset sale to Monroe Capital Income Plus Corporation with over 88% support; closing expected within 30 days.
Key takeaways
HRZN shareholders approved HRZN Share Issuance Proposal with >83% of voting shareholders on March 13, 2026.
MRCC shareholders approved Merger and Asset Sale with >88% of voting shareholders on March 13, 2026.
Pre-Merger Closing Distribution to MRCC shareholders: ~$15.9 million ($0.75 per MRCC share), including $13.0 million supplemental.
HRZN intends to use $27.6 million undistributed taxable earnings as of December 31, 2025 for supplemental distributions post-merger.
Exchange ratio: MRCC NAV per share / HRZN NAV per share, determined shortly before closing.
HTFM to waive $4 million in fees over first four full fiscal quarters post-merger.