Horizon-Monroe Merger Vote: Key Dividend Boost
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Horizon Technology Finance Corporation and Monroe Capital Corporation are merging, creating a larger specialty finance firm. Horizon, based in Farmington, focuses on venture loans to startups in tech, health care, and clean energy. Monroe, from Chicago, has owned Horizons investment adviser since 2023. The merger requires shareholder approval, with a key vote on Friday. To boost support, Horizons board announced a $27.6 million earnings payout for extra monthly dividends to shareholders. Monroe plans to increase its final payout by $13 million. The merger comes amid three shareholder lawsuits alleging missing information in the proxy statement.
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