Reports Q1 Net investment income $13.0M, or 46c per share, compared to $5.7M, or 26c per share for the prior-year period. "In the face of an increasingly challenging macro environment, we were able to deliver NII of $0.46 per share for the quarter – once again exceeding our distributions – and a strong debt portfolio yield of over 16%, driven by the rising rate environment and our predictive pricing strategy," said RobertPomeroy, Jr., Chairman and CEO. "We also selectively originated additional venture debt loans while maintaining a solid committed backlog of debt investments, many of which are subject to the achievement of certain milestones by our borrowers. Given our strong balance sheet and disciplined underwriting, we believe we can further prudently grow HRZN‘s portfolio of debt investments."
Published first on TheFly
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