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Horizon's 1Q net dips

BY Gregory Seay

5/2/2018
Farmington specialty financier Horizon Technology Finance Corp. posted lower net investment income in the first quarter.

For three months ended March 31, Horizon said Tuesday it netted $3.2 million, or 28 cents a share, down from $3.4 million, or 24 cents, netted the same quarter a year ago.

First-quarter investment income totaled $7.2 million vs. $7 million a year earlier.

Horizon ended the quarter with assets of $233.8 million vs. $234.2 million a year ago.

Horizon funds venture loans to technology, life-sciences, health-information and data, and clean-technologies startups.