CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Horizon Tech Fin Corp (HRZN)

BDC - Debt Focused

Data as of Oct. 18, 2018
Market Price $11.39 (- $0.29)
NAV (June 30, 2018) $11.60 ( $0.00)
Premium / Discount -1.81% (-2.50%)
Fund Info
Inception Oct. 29, 2010
Sponsor Horizon Technology Finance Management
Website www.horizontechnologyf...
Phone 860-676-8653
Objective: Current income and capital appreciation; loan and warrants
Related Indexes
Debt-Focused Business Development Company (BDC) Index
High Income Index
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 11,528,985
Gross Assets (Reported: June 30, 2018) $243M
Estimated Gross Assets $236M
Net Assets $134M
Market Cap $131M
Debt-to-Equity 0.7877
Total Leverage 43.31%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 11.98%
Non Lev Exp Ratio 7.66%
Gross Asset Expense Ratio 6.61%
Gross Asset Non Lev Exp Ratio 4.23%
Rel Lev Cost 5.51%
Discount Data
Average Discount (3 Yr) -9.06%
Discount Low(3 Yr) -31.99%
Discount High(3 Yr) 10.45%
Discount Rel Range 71.11%
Comp Discount 9.04
Discount St Dev (1Yr) 4.16
Z-Stat (6mo) 1.11
Z-Stat (1Yr) 1.35
Z-Stat (3Yr) 0.94
Comp Z-Stat (6mo) 2.09
Comp Z-Stat (3Yr) 1.24
Distribution Data
Market Yield 10.54%
Income Yield 10.54%
Lev Adj NAV Yield 7.22%
Av Yield on Debt Investments 14.80
Distribution Frequency M
Current Distribution $0.100
Current Income $0.100
Ex-Date 10/17/18
Payable Date 11/15/18
Div Growth (3yr) -13.04%
Dividend Change -13.0% on 10/28/16
Expected Div 10/31/18
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2017 2015 - 2017
Income 100% 100%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (M) $902
Avg Volume 30 day 67,892
Avg Volume 90 day 79,186
Volume Trend -14.26%
Comp Volume Trend -15.98%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): SUNS 49.0%
Price St Dev (1Yr) 20.3%
NAV St Dev (1Yr) 1.1%
Earnings / Share (6/30/18) $0.095
Adj Core NII Coverage 95.13%
1 Yr Avg NII Coverage 91.68%
1 Yr Avg Adj Core NII Coverage 91.68%
NII Trend 5.18%
Adj Core NII Trend 5.18%
Loan Specific Data
Maturity 3.00
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
Portfolio Data
Avg Libor Floor % 1.12%
% Loans with Libor Floor 90%


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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