ࡱ> UV l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1 Courier New1 Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)-**_($* #,##0_);_($* (#,##0);_($* "-"_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* "-"_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* "-"??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* "-"??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)6 0%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0)                + ) , *   Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~7#܈ ~~4#܈ ~~83ffff̙̙3f3fff3f3f33333f33& Information Required in Proxy S&SHorizon Technology Finance Corp&Horizon Technology Finance (1)&#THE BOARD OF DIRECTORS INCLUDINY+Beneficial Ownership&>Dollar Range of Securities Bene&GThe Company s incentive fee may&SEstimated Annual Expenses as pe&`Estimated Annual Expenses a (1)&lSummary of the New Management A&wExamples of incentive fee calcu&sExamples of incentive fee c (1)&+Executive Officers and Director#ܘANNUAL AND QUARTERLY REPORTS Exhibit A l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } $} $4} $} a/      'Horizon Technology Finance CorpPRE 14A 08/14/2018/'Information Required in Proxy Statement ?#Preliminary Proxy Statement ?/'Confidential, for Use of the Commission    Only ?" Definitive Proxy Statement * "(as permitted by Rule 14a-6(e)(2)) ?& Definitive Additional Material   ?3 +Soliciting Material Pursuant to Rule 14a-12   $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(TmaUI4}qI=PF0*8X> @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } U} :      'Horizon Technology Finance CorpPRE 14A 08/14/2018.&Horizon Technology Finance Corporation~ 2*Title of each class of securities to which  transaction applies:  ~ / 'Aggregate number of securities to which  transaction applies:  ~ 0(Per unit price or other underlying value4,of transaction computed pursuant to Exchange4,Act Rule 0-11 (Set forth the amount on which2*the filing fee is calculated and state howit was determined):~ 80Proposed maximum aggregate value of transaction:~ Total fee paid:$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>0nbVJU=s1cK?3 =PF0*8X> @ l  r#  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } $ } U} 0      'Horizon Technology Finance CorpPRE 14A 08/14/2018.&Horizon Technology Finance Corporation~ Amount previously paid:    ~ 0 (Form, schedule or registration statement   no.:    ~   Filing party:~  Date filed:$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0nbVJ sOc=PF0*8X> @ l  *  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)Beneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } $      'Horizon Technology Finance CorpPRE 14A 08/14/2018kcTHE BOARD OF DIRECTORS, INCLUDING THE INDEPENDENT DIRECTORS, UNANIMOUSLY RECOMMENDS THAT YOU VOTE F+#By Order of the Board of Directors,       John C. Bombara   Secretary $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(T1% oNB6=PF0*8X> @2   l  J=  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDIN!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } 7} $ } 0} $ }  } $ } } $                                'Horizon Technology Finance CorpPRE 14A 08/14/2018Beneficial Ownership Percentage of         Common    Type of  Shares   Stock  Name and Address   Ownership  Owned    Outstanding  Independent Directors           James J. Bottiglieri (1)  Record/Beneficial   [9,071]    * Edmund V. Mahoney (1)Record/Beneficial~ vY  * Elaine A. Sarsynski (1)Record/Beneficial~ "N  * Joseph J. Savage (1)Record/Beneficial~ !  * Interested directors  "Robert D. Pomeroy, Jr. (1)Record/Beneficial~ V  * Gerald A. Michaud (1)Record/Beneficial~ M  * Executive officers  Daniel R. Trolio (1)Record/Beneficial -  * John C. Bombara (1)Record/Beneficial~ w  * Daniel S. Devorsetz (1)Record/Beneficial~ O  * 6.All directors, director nominees and executiveRecord/Beneficial [197,806]  [1.7]  %'officers as a group (9 persons)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@|Dth\q^cp{%vymE=PF0*8X> @J          l  G  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } } $ } 8      'Horizon Technology Finance CorpPRE 14A 08/14/2018B:Dollar Range of Securities Beneficially Owned by Directors7/Dollar Range of Common Stock of the Company (1) Directors of the Company Independent Directors   James J. Bottiglieri  $100,001-$500,000 Edmund V. Mahoney  $50,001-$100,000 Elaine A. Sarsynski  $50,001-$100,000Joseph J. Savage$100,001-$500,000Interested DirectorsRobert D. Pomeroy, Jr.$500,001-$1,000,000Gerald A. Michaud$500,001-$1,000,000$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2ZNB6=l4_=PF0*8X> @ l   S  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } 2} $ }  } U} $ }  } U} $ } } U} $ }  } $} $ }  } $      'Horizon Technology Finance CorpPRE 14A 08/14/2018kcThe Company s incentive fee may induce the Advisor to pursue speculative investments and to use lev#Assumed Return on Portfolio   (Net of Expenses)   -10%   -5%   0%   5%   10% 2 *Corresponding return to common stockholder   Q6 %)   + %)   Q %)   RQ@ %   L+@ %1 )assuming actual asset coverage as of June 30, 2018 (227%) (1)2*Corresponding return to common stockholderQD %)ףp= : %)   fffff&  %)  @ %2@ %.&assuming 150% asset coverage ratio (2)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,|1% s>m=PF0*8X> @R       l  (`  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } 2} $ } U} $} $ } U} $} $ } U} $                         'Horizon Technology Finance CorpPRE 14A 08/14/2018\TEstimated Annual Expenses (as percentage of net assets attributable to common stock)Actual Asset Coverage!200% Asset Coverage Ratio ! 150% Asset Coverage Ratio    As of June 30, 2018   (227%)0 (Base management fee under the Investment    @ %   333333@ %   @ % Management Agreement (1)2 *Incentive fee payable under the Investment   ffffff@ %   @ %   @ % Management Agreement (2)/'Interest payments on borrowed funds (3)~  %@ %   &@  %Other expenses 4)@ %@ %   @  %Total annual expenses333333*@ %-@ %   7@  %$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2@4(]&#$,jd=PF0*8X> @B     l  k  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } $4} $      'Horizon Technology Finance CorpPRE 14A 08/14/2018\TEstimated Annual Expenses (as percentage of net assets attributable to common stock)1 Year3 Years  5 Years  10 Years/ 'You would pay the following expenses on ~   ~   ~ N  ~   3 +a $1,000 investment, assuming a 5.0% annual. &return (assuming actual asset coverage" ratio as of June 30, 2018)/ 'You would pay the following expenses on ~   ~   ~   ~ >  3+a $1,000 investment, assuming a 5.0% annual.&return (assuming a 200% asset coverageratio)/'You would pay the following expenses on~ ~ 6 ~  z   ~ b3+a $1,000 investment, assuming a 5.0% annual.&return (assuming a 150% asset coverage+#ratio) ____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2@4(db0 ?a=PF0*8X> @         l  $w  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } $ } $} :      'Horizon Technology Finance CorpPRE 14A 08/14/2018/'Summary of the New Management Agreement ?3+determines the composition of the Company?s  / 'portfolio, the nature and timing of the  . &changes to the Company?s portfolio and  0 (the manner of implementing such changes;     ?, $identifies, evaluates and negotiates4,the structure of the investments the Company1)makes (including performing due diligence.&on the Company?s prospective portfoliocompanies); and ?80closes, monitors and administers the investments1)the Company makes, including the exercise( of any voting or consent rights.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:>maUId[m{oG=PF0*8X> @ l  ܁  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } $ } U} I;      'Horizon Technology Finance CorpPRE 14A 08/14/2018-%Examples of incentive fee calculation~ 0(Represents 7.00% annualized hurdle rate.    ~ 3 +Represents 2.00% annualized base management   fee.    ~ , $Excludes organizational and offering expenses.~ /'The ?catch-up? provision is intended to1)provide the Advisor with an incentive fee91of 20.00% on all Pre-Incentive Fee Net Investment5-Income as if a hurdle rate did not apply when6.the Company?s Pre-Incentive Fee Net Investment5-Income exceeds 2.1875% in any fiscal quarter.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:ocWK` @ l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTS Exhibit AU } $ } U} I;      'Horizon Technology Finance CorpPRE 14A 08/14/2018-%Examples of incentive fee calculation~ 0(Represents 7.00% annualized hurdle rate.    ~ 3 +Represents 2.00% annualized base management   fee.    ~ , $Excludes organizational and offering expenses.~ /'The ?catch-up? provision is intended to1)provide the Advisor with an incentive fee91of 20.00% on all Pre-Incentive Fee Net Investment5-Income as if a hurdle rate did not apply when6.the Company?s Pre-Incentive Fee Net Investment5-Income exceeds 2.1875% in any fiscal quarter.$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/:ocWK` @ l  K  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)ANNUAL AND QUARTERLY REPORTS Exhibit AU } $} $ } } $ } 2      'Horizon Technology Finance CorpPRE 14A 08/14/20187/Executive Officers and Directors of the Advisor NamePosition with Advisor.&Principal Occupation/Position with the     Company Robert D. Pomeroy, Jr.  Chief Executive Officer / 'Chief Executive Officer and Chairman of     the Board of Directors Gerald A. Michaud  Chief Operating Officer  President and Director Daniel R. Trolio  Chief Financial Officer 1 )Senior Vice President and Chief FinancialOfficerJohn C. Bombara Chief Compliance Officer.&Senior Vice President, General Counsel$and Chief Compliance OfficerDaniel S. Devorsetz Chief Investment Officer2*Senior Vice President and Chief InvestmentOfficer$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/4eYMA'Xwc=PF0*8X> @ l  U  dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and Director Exhibit AU } $      'Horizon Technology Finance CorpPRE 14A 08/14/2018$ANNUAL AND QUARTERLY REPORTS+#By Order of the Board of Directors,       John C. Bombara   Secretary $____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(|Txl`T}U=PF0*8X> @2   l    dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Information Required in Proxy S!Horizon Technology Finance Corp!Horizon Technology Finance (1)!THE BOARD OF DIRECTORS INCLUDINBeneficial Ownership!Dollar Range of Securities Bene!The Company s incentive fee may!Estimated Annual Expenses as pe!Estimated Annual Expenses a (1)!Summary of the New Management A!Examples of incentive fee calcu!Examples of incentive fee c (1)!Executive Officers and DirectorANNUAL AND QUARTERLY REPORTSU } $ } } } U      'Horizon Technology Finance CorpPRE 14A 08/14/2018 Exhibit A.&HORIZON TECHNOLOGY FINANCE CORPORATION    By:    Name: Robert D. Pomeroy, Jr   Title: Chief Executive Officer    -%HORIZON TECHNOLOGY FINANCE MANAGEMENT LLC By: Name:Robert D. Pomeroy, Jr.Title:Chief Executive Officer$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/8sg)S#\=PF0*8X> @2 Root Entry FBook  ̩  !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRST