WhiteHorse Finance Q3 NII dips to $0.207 a share; $0.25 distribution declared

WhiteHorse Finance (Nasdaq: WHF), a business development company, reported third-quarter 2026 results on November 9 and declared a $0.25-per-share distribution for the current quarter, according to its press release carried on PR Newswire.

Income below the payout

For the quarter ended September 30, WhiteHorse reported:

• Total investment income: $14.8 million, up 3.2% from $14.4 million in the second quarter.
• Total expenses, including excise tax: $10.4 million, up 7.2%.
• Net investment income (NII): $4.4 million, or $0.207 per share, down from $0.217 in Q2.
• Core NII: $4.8 million, or $0.224 per share, after excluding $0.017 per share of non-recurring expenses.

Both NII measures came in below the $0.25 quarterly distribution. A year earlier, in Q3 2025, NII was $0.263 per share.

Portfolio and NAV

Net asset value per share rose to $11.82 from $11.77 at June 30. The company booked $3.6 million in net realized losses and $5.7 million in net unrealized appreciation. The net increase in net assets from operations was $6.5 million, down from $10.4 million in Q2.

Total investments at fair value were $569.1 million, roughly flat for the quarter. Investments held through the STRS joint venture fell 2.3% to $332.6 million.

Distributions

• Regular: $0.25 per share for the quarter ending December 31, 2026, payable January 6, 2027, to stockholders of record on December 21, 2026.
• Special: $0.17 per share, declared October 14, payable December 10, 2026, to stockholders of record on October 30.

The company said distributions are paid from taxable earnings and may include return of capital and/or capital gains. The tax character will be reported on Form 1099-DIV after year-end.

This article is for information only and is not investment advice.