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Horizon Technology Finance Announces Monthly Dividends for April, May and June 2013

Horizon Technology Finance Announces Monthly Dividends for April, May and June
2013

FARMINGTON, Conn., March 12, 2013 (GLOBE NEWSWIRE) -- Horizon Technology
Finance Corporation (Nasdaq:HRZN) (the "Company" or "Horizon"), a leading
specialty finance company that provides secured loans to venture capital and
private equity backed development-stage companies in the technology, life
science, healthcare information and services, and clean-tech industries,
announced today that its Board of Directors declared monthly dividends of
$0.115 per share for each of April, May and June 2013. These monthly
dividends, which will be payable in the second quarter of 2013 as set forth in
the table below, total $0.345 per share. Including the monthly dividends
declared for the second quarter of 2013, Horizon has declared $3.89 per share
in cumulative dividends since its October 2010 initial public offering.

Summary of Monthly Dividends Payable in the Second Quarter 2013

Declared Ex-Dividend Date Record Date Payment Date Amount Per Share
3/8/2013 3/18/2013        03/20/2013  4/15/2013    $0.115
3/8/2013 4/16/2013        04/18/2013  5/15/2013    $0.115
3/8/2013 5/17/2013        05/20/2013  6/17/2013    $0.115
        Total for Second Quarter 2013:            $0.345

When declaring dividends, the Horizon Board of Directors reviews estimates of
taxable income available for distribution, which may differ from consolidated
net income under generally accepted accounting principles due to (i) changes
in unrealized appreciation and depreciation, (ii) temporary and permanent
differences in income and expense recognition, and (iii) the amount of
spillover income carried over from a given year for distribution in the
following year. The final determination of taxable income for each tax year,
as well as the tax attributes for dividends in such tax year, will be made
after the close of the tax year.

Horizon maintains a dividend reinvestment plan ("DRIP") that provides for the
reinvestment of dividends on behalf of its stockholders, unless a stockholder
has elected to receive dividends in cash. As a result, if Horizon declares a
dividend, our stockholders who have not "opted out" of the DRIP by the
dividend record date will have their dividend automatically reinvested into
additional shares of our common stock. Horizon has the option to satisfy the
share requirements of the DRIP through the issuance of new shares of common
stock or through open market purchases of common stock by the DRIP plan
administrator. Newly-issued shares will be valued based upon the final
closing price of Horizon's common stock on a specified valuation date for each
dividend as determined by Horizon's Board of Directors. Shares purchased in
the open market to satisfy the DRIP requirements will be valued based upon the
average price of the applicable shares purchased by the DRIP plan
administrator, before any associated brokerage or other costs, which are borne
by Horizon.

About Horizon Technology Finance

Horizon Technology Finance Corporation is a business development company that
provides secured loans to development-stage companies backed by established
venture capital and private equity firms within the technology, life science,
healthcare information and services, and clean-tech industries. The investment
objective of Horizon Technology Finance is to maximize total risk-adjusted
returns by generating current income from a portfolio of directly originated
secured loans as well as capital appreciation from warrants to purchase the
equity of portfolio companies. Headquartered in Farmington, Connecticut, with
regional offices in Walnut Creek, California and Reston, Virginia, the Company
is externally managed by its investment advisor, Horizon Technology Finance
Management LLC. Horizon's common stock trades on the NASDAQ Global Select
Market under the ticker symbol, "HRZN." In addition, the Company's 7.375%
Senior Notes due 2019 trade on the New York Stock Exchange under the ticker
symbol "HTF." To learn more, please visit horizontechnologyfinancecorp.com.

Forward-Looking Statements

Statements included herein may constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Statements other than statements of historical facts included in this press
release may constitute forward-looking statements and are not guarantees of
future performance, condition or results and involve a number of risks and
uncertainties. Actual results may differ materially from those in the
forward-looking statements as a result of a number of factors, including those
described from time to time in our filings with the Securities and Exchange
Commission. The Company undertakes no duty to update any forward-looking
statement made herein. All forward-looking statements speak only as of the
date of this press release.

CONTACT: Horizon Technology Finance Corporation
         Christopher M. Mathieu
         Chief Financial Officer
         (860) 676-8653
         chris@horizontechfinance.com
        
         Investor Relations and Media Contacts:
         The IGB Group
         Leon Berman / Michael Cimini
         (212) 477-8438 / (212) 477-8261
         lberman@igbir.com  / mcimini@igbir.com