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0.00117508813160985 -0.00117508813161005 0 -0.0023501762632199 0.00117508813160985 -0.00940070505287897 -0.0117508813160989 -0.00940070505287897
Stock impact report

Bulldog Investors Urges Board of Directors of Monroe Capital to Reconsider Merger into Horizon Technology Finance [Yahoo! Finance]

Horizon Technology Finance Corporation (HRZN) 
Last horizon technology finance corporation earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Corporation (NASDAQ: MRCC), holding 954,816 shares, announced today that it is urging Monroe's Board of Directors to reconsider the proposed merger of Monroe into Horizon Technology Finance Corporation (NASDAQ: HRZN). When the proposed merger of Monroe into Horizon on a net asset value (“NAV”) for NAV basis was announced seven months ago, shareholders of Monroe were told that they would “realize [an] immediate 33% NAV premium to current trading price,” which was $6.21 at that time and a discount to its NAV of $8.29. At that time, Horizon's shares were trading at a premium of about 12% above its NAV. An illustration of the merger benefits indicated to shareholders of Monroe that, assuming no significant changes occurred prior to the merger, they would receive shares of Horizon with a market value of about $8.56 per share (which was higher than both the market price of Monroe and its NAV) and that paid a dividend of 11 cents per month, thereby making the proposed transaction quite com Show less Read more
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