WhiteHorse Finance, Inc. Announces Special Distribution
WhiteHorse Finance, Inc. (Nasdaq: WHF) declared a special distribution of $0.125 per share, set for payment on December 10, 2020, to stockholders on record by October 30, 2020.
Sentiment and the balance of points
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Rhea-AI Summary
WhiteHorse Finance, Inc. (Nasdaq: WHF) declared a special distribution of $0.125 per share, set for payment on December 10, 2020, to stockholders on record by October 30, 2020. This distribution arises from taxable earnings, potentially including return of capital or capital gains, which will be detailed on Form 1099-DIV post-year-end. WhiteHorse Finance operates as a business development company, focusing on loans to lower middle market companies with assets managed by H.I.G. Capital, holding approximately $40 billion in capital.
Positive
- Declared a special distribution of $0.125 per share.
- Upcoming payment on December 10, 2020, may enhance shareholder returns.
Negative
- None.
Details
News Market Reaction – WHF
The recorded move for WHF in the trading session of this news was +2.10%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Oct. 9, 2020 /PRNewswire/ -- WhiteHorse Finance, Inc. (the "Company") (Nasdaq: WHF) today announced that its board of directors has declared a special distribution of
Distributions are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the distributions will be reported to stockholders on Form 1099-DIV after the end of the calendar year and in the Company's periodic reports filed with the Securities and Exchange Commission.
About WhiteHorse Finance, Inc.
WhiteHorse Finance, Inc. is a business development company that originates and invests in loans to privately held, lower middle market companies across a broad range of industries. The Company's investment activities are managed by its investment adviser, H.I.G. WhiteHorse Advisers, LLC, an affiliate of H.I.G. Capital, LLC ("H.I.G. Capital"). H.I.G. Capital is a leading global alternative asset manager with approximately
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Contacts
Stuart Aronson
WhiteHorse Finance, Inc.
212-506-0500
saronson@higwhitehorse.com
Joyson C. Thomas
WhiteHorse Finance, Inc.
305-379-2322
jthomas@higwhitehorse.com
Sean Silva
Prosek Partners
646-818-9122
ssilva@prosek.com
* Based on total capital commitments managed by H.I.G. Capital and affiliates.
View original content:http://www.prnewswire.com/news-releases/whitehorse-finance-inc-announces-special-distribution-301149429.html
SOURCE WhiteHorse Finance, Inc.
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