Earnings Releases·Nov 9, 2026, 8:00 AM ET

WhiteHorse Finance, Inc. — Third Quarter 2026 Earnings Summary

Total investment income rose 3.2% to $14.829 million, but net investment income declined 5.2% to $4.439 million as total expenses increased 7.2% and net realized losses surged to $3.631 million from $51,000 in the prior quarter.
Net increase in net assets from operations fell 37.4% to $6.511 million, while net asset value per share increased to $11.82 and total investments remained essentially flat at $569.073 million.
The board declared a quarterly distribution of $0.25 per share for Q4 2026 and a special distribution of $0.17 per share, following a $0.25 per share payment for Q3 2026.
WhiteHorse Advisers voluntarily reduced the incentive fee on net investment income from 20.00% to 17.50% for the fiscal quarter ending December 31, 2026.
Strategic activity included $21.4 million in assets transferred to the STRS JV for $14.2 million in cash proceeds, with new originations limited to first lien loans and non-accruals declining following a restructuring.