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Jun 30, 2023
Whitehorse Finance Q2 2023 Earnings Report
Reported financial results for the second quarter of 2023 and declared a distribution of $0.37 per share.
Key Takeaways
WhiteHorse Finance reported a net investment income of $10.6 million, or $0.456 per share, and core net investment income of $10.6 million, or $0.456 per share, for the second quarter of 2023. The board of directors has declared a distribution of $0.37 per share with respect to the quarter ended June 30, 2023.
Net Asset Value of $325.3 million, or $14.00 per share
Investment portfolio totaling $728.4 million
STRS JV investment portfolio totaling $324.5 million
Net investment income of $10.6 million, or $0.456 per share
Forward Guidance
WhiteHorse is being cautious in the face of a weakening economy and remains focused on credits with compelling risk return characteristics. The deals that WhiteHorse is continuing to work on are mostly non-cyclical or light cyclicals, and the company continues to be highly selective about which credits it underwrites.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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