Horizon Declares $0.06 Monthly Dividend and Posts $0.18 Q4 NII on $647M Portfolio
Horizon reported Q4 net investment income of $0.18 per share and year-end NAV of $6.98, with full-year 2025 NII at $1.05 and $0.65 of spillover income. Portfolio rose to $647M with $103M funded; monthly distributions were set at $0.06; a shareholder meeting is scheduled to approve the Monroe Capital merger.
1. Full-Year and Q4 Financial Results
Horizon reported net investment income of $0.18 per share in Q4 and $1.05 per share for full-year 2025, achieving year-end NAV of $6.98 per share and accumulating $0.65 per share of undistributed spillover income by December 31, 2025.
2. Portfolio Growth and Yield Metrics
The company’s investment portfolio expanded to $647 million by year-end, funding $103 million in new debt investments during Q4 and building a $154 million committed backlog, while delivering debt yields of 14.3% in the quarter and nearly 16% for the full year.
3. Dividend Distribution Policy
The board approved regular monthly distributions of $0.06 per share for April through June 2026, reflecting management’s aim to align declared payouts with net investment income and available spillover earnings over time.
4. Merger Update with Monroe Capital
A special shareholder meeting is planned to vote on the delayed merger with Monroe Capital, expected to close shortly after approval and significantly boost equity capital, scale investment capacity, and deepen co-investment coordination with the external manager.