Monroe Capital Corporation (NASDAQ: MRCC) will make a final cash distribution of $0.60 per share, contingent on the completion of its merger with Horizon Technology Finance Corporation (NASDAQ: HRZN) and a related asset sale.
The payment, announced April 13, is conditional upon the closing of the company's proposed asset sale to Monroe Capital Income Plus Corporation and the subsequent merger with HRZN. The distribution is expected to be paid on or around April 17, 2026, subject to the successful completion of both transactions.
The special distribution is a key component of the merger agreement, providing a final return to MRCC shareholders before the company is absorbed into HRZN. The deal also involves the sale of certain MRCC assets to Monroe Capital Income Plus Corporation, a private affiliate.
This event marks a significant step toward consolidation in the Business Development Company (BDC) sector. If the merger and asset sale are finalized, MRCC will be delisted, and the new combined entity will operate under the Horizon Technology Finance brand. The successful execution is crucial for MRCC shareholders to receive the announced $0.60 per share payout.
This article is for informational purposes only and does not constitute investment advice.
