Quarterly ResultMay 7, 2026, 07:37 AM
WhiteHorse Finance Q1 NII $0.253/Share; Declares $0.25 Dividend
AI Summary
WhiteHorse Finance, Inc. announced its first quarter 2026 financial results, reporting Net Investment Income (NII) and Core NII of $0.253 per share. The company declared a quarterly distribution of $0.25 per share and noted a voluntary incentive fee waiver by WhiteHorse Advisers for the next fiscal quarter. While the quarter saw anticipated portfolio markdowns and a decrease in NAV per share, share repurchases were accretive to book value, and management emphasized a focus on risk management and selective investing.
Key Highlights
- Q1 2026 Net Investment Income (NII) and Core NII was $5.6 million, or $0.253 per share.
- Company declared a quarterly distribution of $0.25 per share, payable July 6, 2026.
- WhiteHorse Advisers voluntarily waived and reduced incentive fee to 17.50% for Q2 2026.
- Net realized and unrealized losses totaled ($6.3) million for Q1 2026.
- NAV per share was $11.47 as of March 31, 2026, down from $11.68.
- Fair value of investment portfolio was $543.0 million as of March 31, 2026.
- Repurchased 0.4 million shares for $3.0 million, accreting NAV by $0.08 per share.
- Gross leverage increased to 1.31x from 1.26x in Q4 2025.