Monroe Capital Corporation (MRCC) will pay a final distribution of $0.60 per share to shareholders of record as of April 10, 2026. The payment, totaling $13.0 million, is contingent on the completion of MRCC’s asset sale to Monroe Capital Income Plus Corporation and the merger of MRCC into Horizon Technology Finance Corporation, both expected to close on April 14, 2026. The distribution is scheduled to be paid on or around April 17, 2026.
The payout will be funded from a portion of the net proceeds of the asset sale. MRCC has confirmed that it has no undistributed earnings or capital gains available for distribution at the time of the announcement, so the entire $0.60 per share payment relies on the transaction proceeds.
Shareholders who sell MRCC shares before or on the merger closing date will transfer their right to the final distribution to the buyers, a due‑bill trading mechanism that ensures the distribution is paid to the holder of record on the payment date. The dividend reinvestment plan (DRIP) will not apply to this final distribution, so all eligible shareholders will receive cash.
The distribution is part of a broader strategic plan that includes a NAV‑for‑NAV merger with HRZN. MRCC shareholders are expected to own approximately 37% of the combined entity, which will be the surviving public company. The merger is intended to create a larger, more scalable investment platform, combining MRCC’s middle‑market lending focus with HRZN’s venture‑lending expertise and generating potential cost synergies and enhanced income support for the new company.
"We are pleased to announce the planned increase in MRCC's final special distribution to MRCC's legacy stockholders and the HRZN Board of Directors' intent to supplement the combined company's regular monthly distributions for two quarters post‑closing, which will provide enhanced value to MRCC's stockholders," said Theodore L. Koenig, Chairman and CEO of Monroe Capital. "These value enhancements were announced ... We appreciate our stockholders' support ... believe that these enhancements deliver increased near‑term value to MRCC stockholders while maintaining the full long‑term benefits of the transaction." Michael P. Balkin, CEO of Horizon Technology Finance Corporation, added, "We expect the merger to generate meaningful synergies, cost efficiencies and the potential for stronger, more sustainable risk‑adjusted returns for shareholders." "We appreciate our shareholders' strong approval, which marks an important step forward as we prepare for the next phase of Horizon's growth," he continued.
The final distribution represents a liquidation‑style payout, providing the last cash return to MRCC investors before the company’s transition into the combined entity. It underscores the completion of the asset sale and merger and signals the end of MRCC’s independent operations, while setting the stage for the new company’s future growth prospects.
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