Venture Capital
Horizon Technology Finance (NASDAQ:HRZN) is a well-run BDC that invests in a small number of core industries that are historically neglected by the banking community. The BDC runs a tech-focused investment strategy and has seen double-digit net investment income growth in the last year. Although I expect weaker NII growth in FY 2024, Horizon Technology has very strong dividend coverage. The BDC's shares currently provide dividend investors with a very well-supported 10% yield. Horizon Technology's shares are trading at a high premium to net asset value, but the risk profile is favorable for investors.

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