Monroe Capital announces $13M increase in pre-merger closing distribution

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Monroe Capital (MRCC) has announced a $13 million increase in its pre-merger closing distribution to stockholders, contingent on stockholder approval of its merger with Horizon Technology Finance Corporation (HRZN). Following the merger, HRZN will be the surviving entity and intends to use its $27.6 million in undistributed taxable earnings to supplement regular monthly distributions for two quarters. The total pre-merger distribution from MRCC is expected to be approximately $15.9 million, sourced from the sale of its assets to Monroe Capital Income Plus Corporation.

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