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WhiteHorse Finance, Inc. Announces Third Quarter 2025 Earnings Results, Stock Repurchase Program up to $15.0 Million And Declares Quarterly Distribution of $0.25 Per Share
WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced its financial results for the third quarter ended September 30, 2025. In addition, the Company's board of directors has declared a distribution of $0.25 per share with respect to the quarter ended September 30, 2025. The distribution will be payable on January 5, 2026 to stockholders of record as of December 22, 2025.
About this update from Whitehorse Finance, Inc.
[{"type":"text","content":"NEW YORK, Nov. 10, 2025 /PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced its financial results for the third quarter ended September 30, 2025. In addition, the Company's board of directors has declared a distribution of $0.25 per share with respect to the quarter ended September 30, 2025. The distribution will be payable on January 5, 2026 to stockholders of record as of December 22, 2025.","length":483,"tagName":"p"},{"type":"text","content":"Stuart Aronson, WhiteHorse Finance's Chief Executive Officer, commented, "Our third-quarter results reflect continued progress in repositioning the portfolio and addressing legacy underperformers, even as certain credits weighed on earnings this period. The Board's decision to reset the quarterly distribution was a difficult but necessary step to align payouts with current earnings power and to strengthen our ability to deliver sustainable income going forward. We continue to work through challenged investments with the support of our dedicated restructuring team, while focusing new origination efforts on opportunities with attractive risk-adjusted returns. Supported by our Adviser's voluntary fee reduction and our newly authorized share repurchase program, we believe the BDC remains well-positioned to enhance long-term shareholder value," said Stuart Aronson, WhiteHorse Finance's Chief Executive Officer.","length":944,"tagName":"p"},{"type":"text","content":" Recent Developments: ","length":20,"tagName":"p"},{"type":"text","content":"On November 10, 2025, the Company's board of directors authorized a stock repurchase program for the purpose of repurchasing up to an aggregate of $15.0 million of its common stock on the open market or in privately negotiated purchases at prices below our then-current net asset value per share in accordance with the guidelines specified in Rule 10b-18 under the Securities Exchange Act of 1934 (the "Repurchase Program"). The timing, manner, price and amount of any share repurchases will be determined by the Company, in its sole discretion, based upon an evaluation of economic and market conditions, stock price, applicable legal and regulatory requirements and other factors. The Repurchase Program does not require the Company to re...