Mar 31, 2023

Whitehorse Finance Q1 2023 Earnings Report

Whitehorse Finance announced first quarter 2023 earnings results and increased quarterly distribution to $0.37 per share.

Key Takeaways

WhiteHorse Finance reported a strong first quarter with core net investment income of $10.7 million, or $0.461 per share, well above the dividend. The board increased the regular dividend to $0.37 per share and introduced a variable supplemental dividend policy.

Net Asset Value of $330.0 million, or $14.20 per share

Investment portfolio totaling $749.2 million

Net investment income of $10.7 million, or $0.461 per share

Increased regular dividend to $0.37 per share and introduced a variable supplemental dividend policy

Total Revenue
$26.2M
Previous year: $20M
+30.6%
EPS
$0.461
Previous year: $0.344
+34.0%
Weighted Average Effective Yield
13.2%
Previous year: 9.2%
+43.5%
Cash and Equivalents
$22.2M
Previous year: $21.3M
+4.2%
Total Assets
$781M

Whitehorse Finance

Whitehorse Finance

Forward Guidance

WhiteHorse Finance is equipped to take advantage of the current lender friendly market conditions as our pipeline activity remains high, and our three-tier architecture continues to provide the BDC differentiated sourcing capabilities.