Aug. 5 at 1:23 PM
$HRZN They are trying to turn around the Titanic and making some strides. All we care about is that the dividend stays intact. And it looks like it will.
$229 million in liquidity. Earnings and revenue are down, but NII was flat when you take out the one-time merger expenses. They also repurchased 1.4 million shares. NAV is at
$6.23 which should rise once the aforementioned charges are in the rearview mirror. NII is expected to return to the point where it coveres the dividend in its entirety without dipping into spillover.
Is the worst behind us? Perhaps. Very, very cautiously optimistic going forward.
