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Sep 30, 2023
Whitehorse Finance Q3 2023 Earnings Report
Announced third quarter 2023 earnings results and declared increased quarterly distribution.
Key Takeaways
WhiteHorse Finance reported a net investment income of $10.813 million, or $0.465 per share, for the quarter ended September 30, 2023. The board of directors approved an increase in the quarterly distribution to $0.385 per share. Core net investment income increased by 25% compared to the third quarter of 2022.
Base management fee rate decreased to 1.75%, effective January 1, 2024.
Quarterly distribution increased to $0.385 per share.
Completed a public offering of 7.875% 2028 Notes in the aggregate principal amount of $34.5 million in August 2023.
Net investment income and core net investment income was $10.813 million, or $0.465 per share.
Forward Guidance
The Company's board of directors has declared a distribution of $0.385 per share with respect to the quarter ending December 31, 2023. The distribution will be payable on January 3, 2024 to stockholders of record as of December 20, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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