WhiteHorse Finance reports Q3 EPS 26.3c, consensus 29c

Reports Q3 Net asset value per share $11.41 vs $11.82 in the previous quarter. Stuart Aronson, WhiteHorse Finance’s (WHF) CEO, commented, “Our Q3 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.”