Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
+0.84%
$6.77
100% positive prob.
5-Day Prediction
+3.71%
$6.96
100% positive prob.
20-Day Prediction
+3.98%
$6.98
95% positive prob.
SEC 8-K filings with transcript text
Aug 10, 2026 · 100% conf.
1D
+0.84%
$6.77
Act: +6.56%
5D
+3.71%
$6.96
20D
+3.98%
$6.98
2 whf-20260810xex99d1.htm
Exhibit 99.1
WhiteHorse Finance, Inc. Announces Second Quarter 2026 Earnings Results and Declares Quarterly Distribution of $0.25 Per Share
NEW YORK, August 10, 2026 /PRNewswire/ -- WhiteHorse Finance, Inc. (“WhiteHorse Finance” or the “Company”) (Nasdaq: WHF) today announced its financial results for the second quarter ended June 30, 2026. In addition, the Company’s board of directors has declared a distribution of $0.25 per share with respect to the quarter ended June 30, 2026. The distribution will be payable on October 5, 2026 to stockholders of record as of September 21, 2026.
Stuart Aronson, WhiteHorse Finance’s Chief Executive Officer, commented, “During the second quarter, we continued to execute on the priorities we outlined last quarter, including actively managing previously identified credit situations, maintaining discipline in new originations, and repurchasing shares at a discount to NAV. Our results this quarter reflected a return to net asset value growth, driven by favorable portfolio markups and the accretive impact of our share repurchase program. The majority of our portfolio remained stable, and we selectively deployed capital into new investments while keeping leverage below our target range. We remain focused on preserving liquidity, managing risk, and investing selectively. Our priority continues to be protecting shareholder value while positioning the portfolio for continued improvement over time.”
Recent Developments:
On August 10, 2026, WhiteHorse Advisers voluntarily agreed to waive and reduce the incentive fee on net investment income from its stated annual rate of 20.00% to 17.50% for the next fiscal quarter ending September 30, 2026.
Summary Information as of June 30, 2026 and March 31, 2026 (unaudited):
Three Months Ended
Three Months Ended
Change
($ in thousands except per share data)
June 30, 2026
March 31, 2026
$
%
Total investment income
$
14,369
$
15,862
(1,493)
(9.4)
Total expenses, including excise tax
9,688
10,259
(571)
(5.6)
Net investment income and core net investment income(1)
4,681
5,603
(922)
(16.5)
Net investment income and core net investment income(1) per share
0.217
0.253
(0.036)
(14.2)
Distributions per share
0.250
0.250
—
—
Special distributions per share
—
0.010
(0.01)
(100.0)
Net realized gains (losses)
(51)
(4,727)
4,676
98.9
Net unrealized appreciation (depreciation)
5,779
(1,563)
7,342
NM
Net increase (decrease) in net assets resulting from operations
10,409
(687)
11,096
NM
($ in thousands except per share data)
As of June 30, 2026
As of March 31, 2026
$
%
Total investments, at fair value(2)
$
569,202
$
543,040
26,162
4.8
STRS JV total investments, at fair value
340,272
327,061
13,211
4.0
Net asset value per share
11.77
11.47
0.30
2.6
Portfolio and Investment Activity
As of June 30, 2026, the fair value of WhiteHorse Finance’s investment portfolio was $569.2 million, compared with $543.0 million as of March 31, 2026. The portfolio as of June 30, 2026 consisted of 131 positions across 67 companies with a weighted average effective yield of 10.8% on income-producing debt investments. The average debt investment size (excluding investments in STRS JV (as defined below)) was $4.9 million with the overall portfolio comprised of approximately 72.7% first lien secured loans, 0.9% second lien secured loans, 0.2% unsecured loans, 7.1% equity and 19.1% in investments in STRS JV. Almost all loans were variable rate investments (primarily indexed to the Secured Overnight Financing Rate) with fixed rate securities representing only 1.4% of loans at fair value. Nearly all performing floating rate investments have interest rate floors.
During the three months ended June 30, 2026, WhiteHorse Finance made investments in three new portfolio companies for a total of $23.1 million, added a total of $2.3 million to existing portfolio companies and net fundings of $1.8 million to revolver loans. Proceeds from sales and repayments totaled approximately $2.2 million with no full realizations for the three months ended June 30, 2026.
In addition to the transactions discussed above, during the three months ended June 30, 2026, WhiteHorse Finance transferred assets comprised of two existing portfolio companies, totaling $7.8 million to STRS JV in exchange for a net investment in STRS JV of $2.3 million as well as cash proceeds of $5.5 million.
Distributions
The Company's board of directors has declared a distribution of $0.25 per share
May 7, 2026
2 whf-20260507xex99d1.htm
Exhibit 99.1
WhiteHorse Finance, Inc. Announces First Quarter 2026 Earnings Results and Declares Quarterly Distribution of $0.25 Per Share
NEW YORK, May 7, 2026 /PRNewswire/ -- WhiteHorse Finance, Inc. (“WhiteHorse Finance” or the “Company”) (Nasdaq: WHF) today announced its financial results for the first quarter ended March 31, 2026. In addition, the Company’s board of directors has declared a distribution of $0.25 per share with respect to the quarter ended March 31, 2026. The distribution will be payable on July 6, 2026 to stockholders of record as of May 21, 2026.
Stuart Aronson, WhiteHorse Finance’s Chief Executive Officer, commented, “During the first quarter, we continued to execute on the priorities we outlined last quarter, including actively managing previously identified credit situations, maintaining discipline in new originations, and repurchasing shares at a significant discount to NAV. While our results reflected anticipated portfolio markdowns, the majority of our portfolio remained stable, and share repurchases were accretive to book value. We remain focused on preserving liquidity, managing risk, and investing selectively. Our priority is to protect shareholder value while positioning the portfolio for improved performance over time.”
Recent Developments:
On May 7, 2026, WhiteHorse Advisers voluntarily agreed to waive and reduce the incentive fee on net investment income from its stated annual rate of 20.00% to 17.50% for the next fiscal quarter ending June 30, 2026.
Summary Information as of March 31, 2026 and December 31, 2025 (unaudited):
Three Months Ended
Three Months Ended
Change
($ in thousands except per share data)
March 31, 2026
December 31, 2025
$
%
Total investment income
$
15,862
$
17,342
(1,480)
(8.5)
Total expenses, including excise tax
10,259
10,738
(479)
(4.5)
Net investment income and core net investment income(1)
5,603
6,604
(1,001)
(15.2)
Net investment income and core net investment income(1) per share
0.253
0.287
(0.034)
(12.0)
Distributions per share
0.250
0.250
—
—
Special distributions per share
0.010
—
0.010
NM
Net realized gains (losses)
(4,727)
(11,348)
6,621
58.3
Net unrealized appreciation (depreciation)
(1,563)
13,122
(14,685)
(111.9)
Net increase (decrease) in net assets resulting from operations
(687)
8,378
(9,065)
(108.2)
($ in thousands except per share data)
As of March 31, 2026
As of December 31, 2025
$
%
Total investments, at fair value(2)
$
543,040
$
578,649
(35,609)
(6.2)
STRS JV total investments, at fair value
327,061
323,552
3,508
1.1
Net asset value per share
11.47
11.68
(0.21)
(1.8)
Portfolio and Investment Activity
As of March 31, 2026, the fair value of WhiteHorse Finance’s investment portfolio was $543.0 million, compared with $578.6 million as of December 31, 2025. The portfolio as of March 31, 2026 consisted of 128 positions across 65 companies with a weighted average effective yield of 10.8% on income-producing debt investments. The average debt investment size (excluding investments in STRS JV (as defined below)) was $4.8 million with the overall portfolio comprised of approximately 72.7% first lien secured loans, 0.9% second lien secured loans, 0.2% unsecured loans, 6.7% equity and 19.5% in investments in STRS JV. Almost all loans were variable rate investments (primarily indexed to the Secured Overnight Financing Rate) with fixed rate securities representing only 1.4% of loans at fair value. Nearly all performing floating rate investments have interest rate floors.
During the three months ended March 31, 2026, WhiteHorse Finance made investments in three new portfolio companies for a total of $18.5 million, added a total of $6.9 million to existing portfolio companies and net fundings of $0.7 million to revolver loans. Proceeds from sales and repayments totaled approximately $38.0 million for the three months ended March 31, 2026, driven by full realizations from Trimlite Buyer LLC (d/b/a Trimlite LLC), Monarch Collective Holdings, LLC, Patagonia Holdco LLC (d/b/a Lumen LATAM), and Token Buyer, Inc. (d/b/a Therm-O-Disc, Inc.).
In addition to the transactions discussed above, during the three months ended March 31, 2026, WhiteHorse Finance transferred assets comprised of two new and two existing portfolio companies, totaling $18.9 million to STRS JV in exchange for cash.
Distributions
The Company's board of directors has declared a distribution of $0.25 per share with respect to the quarter endi
Mar 2, 2026
2 whf-20260302xex99d1.htm
Exhibit 99.1
WhiteHorse Finance, Inc. Announces Fourth Quarter and Full Year 2025 Earnings Results and Declares Quarterly Distribution of $0.25 Per Share and Supplemental Distribution of $0.01 Per Share
NEW YORK, March 2, 2026 /PRNewswire/ -- WhiteHorse Finance, Inc. (“WhiteHorse Finance” or the “Company”) (Nasdaq: WHF) today announced its fourth quarter and full year financial results for the year ended December 31, 2025. In addition, the Company’s board of directors has declared a distribution of $0.25 per share with respect to the quarter ending March 31, 2026 and a supplemental distribution of $0.01 per share. Both distributions will be payable on April 6, 2026 to stockholders of record as of March 12, 2026.
Fourth Quarter 2025 Summary Highlights
● Net Asset Value of $259.8 million, or $11.68 per share, compared to $12.31 per share in 2024
● Investment portfolio(1) totaling $578.6 million
● STRS JV investment portfolio totaling $323.6 million
● Gross investment deployments of $77.1 million for the fourth quarter, including new originations of $64.0 million and $13.1 million of fundings for add-ons to existing investments
● Gross investment deployments of $180.8 million for the year, including new originations of $152.1 million and $28.7 million of fundings for add-ons to existing investments
● Net investment income and core net investment income(2) of $6.6 million, or $0.287 per share, for the fourth quarter
● Annual net investment income and core net investment income(2) of $26.1 million, or $1.127 per share
● Annual distributions of $1.44 per share, including a special distribution of $0.035 per share
● During the fourth quarter, the Company and H.I.G. directors, officers, and employees purchased an aggregate of approximately 1.1 million shares for approximately $8.0 million
● On February 26, 2026, the Company’s board of directors approved a $7.5 million increase in the authorized amount available for repurchases under the Stock Repurchase Program up to $22.5 million
Stuart Aronson, WhiteHorse Finance’s Chief Executive Officer, commented, “During the fourth quarter, we delivered improved earnings and an increase in NAV, supported by disciplined portfolio management and share repurchases executed at a meaningful discount to book value. With the prudent reset of our base dividend last quarter, we are positioned to earn our distribution on a more consistent basis, while maintaining our established framework for supplemental distributions when incremental earnings are available. Our portfolio remains overwhelmingly first lien and we continue to actively manage underperforming credits with dedicated restructuring resources, while remaining selective in a highly competitive origination environment and focused on structure and credit quality.”
Portfolio and Investment Activity
As of December 31, 2025, the fair value of WhiteHorse Finance’s investment portfolio was $578.6 million, compared with $642.2 million as of December 31, 2024. The portfolio as of December 31, 2025 consisted of 129 positions across 68 companies with a weighted average effective yield of 9.1% on income-producing debt investments. The average debt investment size (excluding investments in STRS JV (as defined below)) was $3.7 million with the overall portfolio comprised of approximately 74.3% first lien secured loans, 0.8% second lien secured loans, 0.2% unsecured loans, 6.4% equity and 18.3% in investments in STRS JV. Almost all loans were variable rate investments (primarily indexed to the Secured Overnight Financing Rate) with fixed rate securities representing only 1.3% of loans at fair value. Nearly all performing floating rate investments have interest rate floors.
During the three months ended December 31, 2025, WhiteHorse Finance made investments in seven new portfolio companies for a total of $64.0 million, added a total of $13.1 million to existing portfolio companies. Proceeds from sales and repayments totaled approximately $49.6 million for the three months ended December 31, 2025, driven by four full realizations in Bridgepoint Healthcare, LLC, Sleep OpCo LLC (d/b/a Brooklyn Bedding LLC), Event Services America, Inc. (d/b/a Contemporary Services Corporation) and ELM One Call Locators, Inc. (d/b/a One Call Locators, Ltd.), and the Company received net repayments of $1.2 million from revolver loans.
In addition to the transactions discussed above, during the three months ended December 31, 2025, WhiteHorse Finance transferred assets comprised of two new portfolio companies and two add-on investments, totaling $19.2 million to STRS JV in exchange for cash proceeds.
During the year ended December 31, 2025, WhiteHorse Finance invested $152.1 million across 19 new portfolio companies. The Company also invested $28.7 million in existing portfolio companies. Proceeds from sales and repayments totaled approximately $155.7 million for
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