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Horizon Technology Finance Corp Message Board

stan1736 3 posts  |  Last Activity: Jun 30, 2016 8:25 AM Member since: Feb 22, 2003
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  • Reply to

    Undistributed dividend?

    by chekmark7 Jun 29, 2016 5:53 PM
    stan1736 stan1736 Jun 30, 2016 8:25 AM Flag

    As of 5/9/16 , ARCC had .82 /share of undistributed income.

  • The web site may be up, but I've had no luck in transmitting an email to management. What is your experience ? My occasional queries / comments to the company ( both management and investor relations ) have never garnered a response.
    I can understand their reluctance to initiate a dividend if the funds can be be used productively in growing the co. But I cannot understand the failure to repurchase shares. This not only sends a positive message to the investment community, but rewards shareholders who have endured well over 5 years of no appreciation , or of losses, on the stock. I encourage my fellow shareholders to communicate this to management and to Investor Relations if you agree with my premise. A $2M share repurchase was authorized several years ago, but never consummated. Considering the cash on hand, a five million share buyback is quite doable.

  • Reply to

    Energy loans

    by drink2mucho Apr 23, 2016 11:26 AM
    stan1736 stan1736 Apr 27, 2016 8:16 AM Flag

    As of 3/5/16, the co. noted that if all energy investments were put on non-accrual, NII would decrease by .05/share/quarter. Of the 11 firms that have been on non-accrual since the firm began, 80% of capital invested was recovered. The co. has .53/share of undistributed income that can be used to protect the dividend .

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