WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) Declares $0.49 Quarterly Dividend

WhiteHorse Finance, Inc. 7.875% Notes due 2028 (NASDAQ:WHFCL) announced a quarterly dividend on Sunday, August 16th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.4922 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

WhiteHorse Finance, Inc. 7.875% Notes due 2028 Price Performance

NASDAQ:WHFCL traded up $0.01 during mid-day trading on Monday, hitting $25.34. 5,173 shares of the stock traded hands, compared to its average volume of 2,768. The business’s 50-day moving average price is $25.32 and its 200 day moving average price is $25.34. WhiteHorse Finance, Inc. 7.875% Notes due 2028 has a 12-month low of $24.99 and a 12-month high of $25.65.

WhiteHorse Finance, Inc 7.875% Notes due 2028 (NASDAQ: WHFCL) are senior unsecured obligations of WhiteHorse Finance, Inc, an externally managed business development company (BDC). These notes carry a fixed interest rate of 7.875% per annum and mature in 2028. They were issued to provide the company with long-term capital to support its lending activities and general corporate purposes, ranking equally with all other unsecured and unsubordinated debt of the issuer.

WhiteHorse Finance, Inc operates as a closed-end BDC, investing primarily in first-lien secured loans, unitranche and second-lien debt instruments, as well as select equity co-investments in U.S.