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WhiteHorse Finance, Inc. Announces Third Quarter 2026 Earnings Results and Declares Quarterly Distribution of $0.25 Per Share

WHF
  • WhiteHorse Finance, Inc. reported financial results for the third quarter ended September 30, 2026, with total investment income of $14.829 million.
  • Net investment income for the quarter was $4.439 million, while core net investment income increased to $4.806 million.
  • Net asset value per share rose to $11.82 from $11.77, driven by favorable portfolio markups.
  • Non-accruals declined following a restructuring completion, with no new additions to non-accruals during the quarter.
  • All new originations in the quarter were first lien loans, with total new investments of $14.8 million across two companies.
  • The company transferred $21.4 million in assets to the STRS JV in exchange for $7.2 million in net investment \& $14.2 million in cash proceeds.
  • WhiteHorse Advisers voluntarily reduced the incentive fee on net investment income from 20.00% to 17.50% for the quarter ending December 31, 2026.
  • The board declared a regular distribution of $0.25 per share for the quarter ending December 31, 2026, payable January 6, 2027.
  • A special distribution of $0.17 per share was declared on October 14, 2026, payable December 10, 2026 to record holders of October 30, 2026.
  • The investment portfolio fair value stood at $569.1 million as of September 30, 2026, with a weighted average effective yield of 11.0%.
  • Portfolio composition included approximately 70.7% first lien secured loans, 20.3% in STRS JV investments, 7.9% equity, 0.9% second lien secured loans, 0.2% unsecured loans, 1.4% fixed rate securities, 20.3% in investments in STRS JV, \& nearly all performing floating rate investments had interest rate floors.
  • A conference call to discuss third quarter results is scheduled for November 9, 2026, at 1:00 p.m. ET.
Company
WhiteHorse Finance, Inc.
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WhiteHorse Finance, Inc.