Know the company
Company overview
WhiteHorse Finance lends to private companies and earns loan interest, fees and occasional prepayment income. Dividends and investment gains may also contribute, but recurring loan income is the main place to look for regular payment support. After borrowing, management and operating costs, core net investment income is the useful recurring measure. Borrowers that stop paying can narrow that income even while share repurchases lift NAV.
- Business
- BDC
- Listing
- WHF · XNAS
- Reporting period
- 2026-06-30
- Dividend schedule
- Quarterly
How the business works
WhiteHorse Finance’s distribution capacity begins with interest and fee income generated by its portfolio of private loans. A larger earning asset base, stronger loan yields, and stable borrowing costs can support core net investment income. Conversely, loans placed on non-accrual, realized credit losses, lower market interest rates on floating-rate assets, higher funding costs, lower fee income, or a smaller portfolio can reduce recurring earnings. The company may also have taxable income or realized gains that differ from core net investment income, so one period’s distribution can be supported by more than current recurring income alone.