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Horizon Tech's 4Q, full-year net falls

Farmington specialty financier Horizon Technology Finance Corp. posted lower fourth-quarter and full-year net, owing to lower interest income and higher borrowing costs on its venture loans to life-sciences and other technology developers.
For three months ended Dec. 31, Horizon said it netted investment income of $2.4 million, or 21 cents a share, down from $3.8 million, or 33 cents a share, netted the same quarter a year earlier.
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