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Sep 30, 2024
Whitehorse Finance Q3 2024 Earnings Report
WhiteHorse Finance generated core net investment income exceeding its regular dividend despite portfolio challenges.
Key Takeaways
WhiteHorse Finance reported net investment income of $9.154 million, or $0.394 per share, for the third quarter of 2024. The company's investment portfolio had a fair value of $654.3 million. A distribution of $0.385 per share was declared for the quarter.
Generated core net investment income in excess of the regular dividend.
Working to optimize outcomes for specific credit challenges within the portfolio.
Selectively investing in credits with positive free cash flow, limited cyclicality, and strong owners.
Declared a distribution of $0.385 per share for the quarter ended September 30, 2024.
Forward Guidance
The company remains focused on certain segments of the lending market where they believe they have a competitive advantage and are selectively investing in credits with positive free cash flow, limited cyclicality, and strong owners.
Positive Outlook
- Focused on segments of the lending market with a competitive advantage.
- Selectively investing in credits with positive free cash flow.
- Prioritizing investments in companies with limited cyclicality.
- Targeting companies with strong owners.
- Adhering to rigorous underwriting standards.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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