Welcome to our dedicated page for Whitehorse news (Ticker: WHF), a resource for investors and traders seeking the latest updates and insights on Whitehorse stock.
WhiteHorse Finance, Inc. (NASDAQ: WHF) is a business development company that focuses on originating and investing in loans to privately held, lower middle market companies across a broad range of industries. This news page aggregates company-issued press releases and related coverage so readers can follow how WhiteHorse Finance reports on its portfolio, distributions, and corporate actions over time.
Recent news items for WhiteHorse Finance, Inc. have centered on quarterly earnings results, regular and special distributions, and portfolio activity. The company frequently announces its financial results for each quarter, detailing total investment income, net investment income, net realized and unrealized gains or losses, net asset value per share, and the fair value and composition of its investment portfolio. These releases often highlight the mix of first lien secured loans, second lien loans, unsecured loans, equity holdings, and investments in STRS JV, as well as the weighted average effective yield on income-producing debt investments.
Investors following WHF news will also see updates on distributions per share declared by the board of directors, including periods where distributions have been at or above a stated level for many consecutive quarters since the company’s initial public offering. The company has announced special distributions in certain periods and has provided details on record dates and payment dates. In addition, news releases describe conference calls to discuss results, including dial-in information, replay options, and webcast availability.
Other notable news items include announcements of a stock repurchase program authorized by the board of directors, voluntary fee reductions by the company’s adviser for specified periods, and commentary from management on portfolio repositioning and underperforming investments. By checking this page regularly, readers can review WhiteHorse Finance, Inc.’s official communications on earnings, distributions, capital management actions, and portfolio developments.
WhiteHorse Finance (WHF) reported its Q3 2024 financial results, declaring a quarterly distribution of $0.385 per share. Total investment income was $22.851 million, down 2.7% from Q2. The company's investment portfolio fair value stood at $654.3 million, consisting of 129 positions across 73 companies with a weighted average yield of 10.6% on income-producing debt investments. During Q3, WHF made investments in seven new portfolio companies totaling $49.0 million. The portfolio comprises 79.0% first lien secured loans, with almost all loans being variable rate investments. Net asset value per share decreased to $12.77 from $13.45 in Q2 2024.
WhiteHorse Finance, Inc. (Nasdaq: WHF) has announced two key updates:
1. A special distribution of $0.245 per share, payable on December 10, 2024, to stockholders of record as of October 31, 2024. The company notes that distributions may include a return of capital and/or capital gains, with specific tax characteristics to be reported on Form 1099-DIV.
2. The company will release its third quarter 2024 financial results on November 7, 2024, followed by a conference call at 11:30 a.m. ET. Investors can access the call via phone or the company's website. A replay will be available until November 14, 2024, through various channels.
WhiteHorse Finance (Nasdaq: WHF) announced its Q2 2024 financial results and declared a quarterly distribution of $0.385 per share. Key highlights include:
- Total investment income: $23.482 million, down 7.8% from Q1
- Net investment income: $9.292 million ($0.400 per share), down 14.1% from Q1
- Net asset value per share: $13.45, down 0.4% from Q1
- Investment portfolio fair value: $660.0 million, down 5.4% from Q1
- Weighted average effective yield on debt investments: 11.7%
CEO Stuart Aronson noted that despite challenges, WhiteHorse generated core net investment income exceeding the regular dividend. The company is focusing on credits with positive free cash flow, cyclicality, and strong owners, maintaining rigorous underwriting standards in an aggressive lending market.
WhiteHorse Finance (Nasdaq: WHF) will release its Q2 2024 financial results on August 8, 2024. The results will be available for the period ending June 30, 2024. A conference call to discuss these results will be held the same day at 9:00 a.m. ET. Investors can join the call by dialing 800-343-5172 (domestic) or +1 785-264-8342 (international), referencing ID #WHFQ224. The call can also be accessed via the investor relations section of WhiteHorse Finance's website. A replay of the teleconference will be available two hours post-call until August 15, 2024, by dialing 800-925-9941 or +1 402-220-5395 for international callers. A webcast replay will also be available on the company's website.
WhiteHorse Finance, Inc. announced its Q1 2024 financial results with total investment income of $25,475, net investment income per share of $0.465, and a total investment portfolio valued at $697.9 million as of March 31, 2024. The company declared a distribution of $0.385 per share for the quarter and reported a net increase in net assets resulting from operations of $5,969.
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